Energy companies are facing challenges on multiple fronts including energy prices, supply disruptions and increasing levels of safety and environmental regulations.
Energy providers must become more agile, resilient and proactive to address these critical issues in order to stay competitive and operationally sustainable.
Now Is the Right Time
As the energy industry continues to embrace digital transformation and adopts cloud technology as a core business enabler, it is becoming necessary for information and decision-making processes to integrate data from the entire energy value chain into contextual and cognitive intelligence to achieve maximum financial performance, worker and plant safety, and net-zero emissions goals.
Our model for cognitive intelligence includes an ecosystem of technologies that augment human capabilities to sense, capture and understand information to create valuable insights and recommendations for acting on complex business problems.
Cognitively enabled operational systems can proactively identify assets, processes, and people risk, and deliver recommendations for operations set points and intelligent interventions in real-time or near real-time. This is accomplished by processing huge volumes of data from cross-functional operations. It empowers organizations to avoid expensive downtime, ensure workforce and workplace safety, and reduce emissions.
A few example use cases will help illustrate some of the key benefits of embedding cognitive intelligence into plant operations:
These use cases are just a few examples of the many ways cognitively enabled systems help energy companies become operational resilient, achieve operational agility, improve operational efficiency, and harness the full value of their IoT and organization data.
TCS Intelligent Urban Exchange (IUX) is a purpose-built Data & Analytics Platform for the energy industry, which brings centralized AI activation functions to enable organizations build their cognitive operations. IUX offers pre-built cognitive solutions around Intelligent Pipeline, City Command Center, Intelligent Energy, Intelligent Transport and Workplace Resilience, which help energy companies and cities with faster deployment, time-to-value, and reduced TCO. Learn more here.