Reducing Technology Cost of Ownership in Energy and Natural Resources
The technology stakes in the Energy & Natural Resources industries are rising exponentially, as companies seek to increase production through real-time management of the digital oil field or mine, and optimize the industry value chain by seeking the holy grail of achieving the most profitable molecule at any point in time from the refineries and chemical plants.
The impact is a continued investment in technology despite the industry downturn. However, the investments need to be self-funding, as much as possible, through the rebalancing of the total cost of ownership (TCO).
Technology innovation in this industry should expand real-time functionality on a massive scale while rebalancing TCO. Some examples:
- Shifting on-premise applications to Software as a Service running on HANA
- Dramatically reducing or eliminating the need for traditional data warehouses through a shift to HANA Enterprise Cloud
- Enabling an agility layer between applications that reduces the dependence on difficult to maintain interfaces
- Reducing administrative burden required with upgrades
The result is a more flexible, scalable architecture that shifts the TCO towards more strategic investments in new real-time analytics and functionality, that is largely OPEX funded.
Stop by our Energy and Natural Resources Expert table in the Industries Campus at SAPPHIRE for a deeper discussions of these new capabilities and join us for a cross-company collaboration session at the ENR TCO Micro-Forum: