Internet of Things (IoT)
In an asset intensive industry like Oil and Gas, IoT has an important role to play right from commissioning of new plants/asset to upgrade/decommissioning of asset. The industry is under cost pressure due to high operations cost, aging infrastructure & workforce and need for capital to upgrade the asset. IoT solution can help across the Oil and Gas value chain for faster commissioning of asset with greater collaboration amongst various stakeholders, improving operational efficiency with reduced cost of operations without compromising on safety and environmental norms and enabling the field crew with right set of information so that decision making can be accelerated and interventions required for smooth operations can be proactive rather than reactive.
LTI’s extensive experience and industry expertise have enabled many leading O&G companies digitize their core by leveraging new age complementing technologies to deliver business value and enabling them to become a truly digital enterprise. LTI’s industry offering Asset Insight platform provides actionable intelligence ranging from best operating window to replacing a spare part or to upgrade an asset. The solution component on condition based maintenance, asset care and digital twin support in operational and tactical decisions that need to be taken for improving operational efficiency.
Asset Insight Platform for US-based Oil & Gas Major
LTI improved operation productivity by helping operators to understand the ideal mode of operation
Asset Insight Utilization for Improved Field Visibility
Plant optimization by increasing visibility of delta between equipment-rated performance and actual performance
Connected Field Force Implementation for Multinational Oil P...
Solution included covering AR/VR technology with IoT for assisted maintenance and training