Partnerships Can Light The Path To Effective Oil And Gas Digitisation

At the recent LiveWorx event in Boston, PTC President and CEO Jim Heppelmann laid out the solutions that are available. The most interesting use cases for oil and gas are around connected workers, smart maintenance of refinery, connected refinery and remote asset monitoring with predictive maintenance capability that improves the uptime of the plant and refinery. Heppelmann talks of a convergence between the physical and digital worlds driven by technologies such as additive manufacturing, Internet of Things, machine learning, augmented reality, smart manufacturing and digital twins, which are creating new opportunities for innovation, for disrupting industries and even calling into question how we think about business strategy. "Today, it's no longer sufficient for companies or us as employees to think about some future state, some point B as our destination and then move methodically towards that place," he says. "That type of mindset allows everybody to close their mind, and to build up too much inertia along a point in time.