SAP Intelligent Enterprise Platform - Transition from Oil and Gas to an Energy Company
Like high-octane gasoline is to an internal combustion engine and a lithium-ion battery is to an electric vehicle, a modern and robust business applications platform is to a rapidly transforming and scaling oil and gas business.
During times when the industry is experiencing its biggest challenges; crude prices consistently under pressure, steady shift to renewables and the ever-worsening geopolitical scenarios, several flagbearers of the industry have already begun execution of their digital strategies to become an energy company. Though, the buzz can be fascinating with artificial intelligence (AI), Robotics, neuro-linguistic programming (NLP), brain- machine interfaces, edge, drones, etc., one must be wary of not following the herd blindly.
Digitalization promises immense potential; however, enterprises of the future must formulate a visionary strategy to meet desired goals, else the opportunity can be easily squandered. To maximize value, Chief Information Officer (CIO), Chief Digital Officer (CDO) and Chief Technology Officer (CTO) organizations need to jointly ensure that they have the foundation of a robust, open and modular business application platform. One that allows digital technologies to be seamlessly and securely deployed on business and operational data to drive high scale innovation and process optimization with minimum disruption.
This is exactly what SAP S/4HANA – ‘the most intelligent ERP’ – has to offer. A future-ready enterprise resource planning system with built-in intelligent technologies, including artificial intelligence, machine learning, robotic process automation, and advanced analytics, among others. It transforms business processes with intelligent automation and runs on SAP HANA – the revolutionary in-memory database reduces data footprint by 50% that offers real-time processing and a dramatically simplified data model resulting in up to 100 times faster reporting. With extensions built upon SAP Cloud Platform, enterprises leverage the open source ecosystem to drive innovation across business at unprecedented speeds. Organizations benefit from standardization and homogenous deployment on either cloud, on-premise, or privately managed environments, all developed on the same code line with choice of hyperscaler.
Since the initial release of SAP S/4HANA in 2015, SAP has invested heavily in the oil and gas industry solution portfolio addressing the entire value chain. Capabilities are enriched with functions such as the inventory planning workbench, integrated dispatch management, upstream operations integrated to Production Revenue Accounting, demurrage, Intelligent Asset Management, and Total Workforce Management among others with the latest release delivering the enhanced planning workbench, scheduling assistant for traders, bulk forecast in planning that can be used for stock projection.
In a nutshell, SAP S/4HANA delivers value pertinent for driving scalable and sustainable transition to an Energy Company:
- Next-generation processes: Reinvent business models by converging information technology and operational technology data securely
- Automation: Machine learning, SAP Conversational AI, SAP Intelligent Robotic Process Automation, SAP Internet of Things and SAP Predictive Analytics for increased automation and efficiency
- Industry cloud: To ramp up agile industry innovations together with the partner ecosystem
- Sustainability: Drive key decisions on decarbonization and adhere to targets well in time
- Fully integrated digital SAP User Experience: Intelligent digital assistance and instant insights deliver value-adding experiences
While, a large existing SAP ERP customer base and many new customers are already in their journeys of S/4HANA move and adoption of the SAP Business Technology Platform, others that are yet to start, must accelerate their plans to benefit from the technological advancement in business applications.
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