Siemens to present solutions to unlock value of data

Business Wednesday 07/November/2018 13:19 PM
By: Times News Service
Siemens to present solutions to unlock value of data

Muscat: Siemens will present solutions to help oil and gas companies unlock the value of data by using digitalisation and advanced analytics to reduce cost-per-barrel, optimise assets, reduce operating expenses, and secure cyber vulnerabilities.
With its expertise in rotating, electrical, automation, and digital solutions, Siemens is perfectly positioned to help oil and gas customers combine the digital and mechanical worlds, particularly in the context of a changing market landscape.
Crucially for this industry, Siemens will demonstrate at the 2018 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), how it supports customers to combine operational technology (OT) and information technology (IT) across the Internet of Things (IoT) platform MindSphere, the cloud-based, open operating system that connects products, plants, system, and machines.
MindSphere provides powerful industrial applications with advanced analytics and digital services that can help oil and gas players both upstream and downstream to increase productivity and efficiency, and optimised asset design, performance and maintenance throughout the lifecycle.
“To help our customers in the Middle East leverage digitalisation, Siemens plans to open a MindSphere Application Center in Abu Dhabi that will cater to process industries, mainly focusing on oil and gas, water and wastewater. The focus will be on using MindSphere to create digital solutions that will help customers improve operational efficiency and reduce costs across the whole value chain,” said Dietmar Siersdorfer, CEO of Siemens in the Middle East and UAE.
Recognising that the oil and gas sector presents a particularly attractive target for cyber attackers due to its perceived vulnerability and the high impact such an attack would have, particularly in this region, Siemens will present options on how operators can respond to increasingly sophisticated cyberattacks that are now targeting OT, as well as IT.
Cyber security is a foundational component of Siemens’ vision for digitalisation and intelligent infrastructure. The company strives to provide oil and gas operators with a roadmap for maturing their OT cyber security programs so they can capitalise on the many capabilities and benefits afforded by digitalization.
Leo Simonovich, Vice President and Global Head of Industrial Cyber and Digital Security at Siemens, will participate in an ‘ADIPEC C-Suite Dialogue’ panel entitled: “Addressing rising cyber and infrastructure vulnerabilities of critical oil and gas assets.”
Siemens will also demonstrate digital solutions ideal for upstream operations, including artificial intelligence that can be used to unlock the productivity-enhancing potential of predictive maintenance to reduce downtime. For downstream operations, Siemens is helping implement the Digital Enterprise along the entire production lifecycle to accelerate the digital transformation to reduce power consumption and contribute to optimal use of energy, critical to profitability in energy-intensive industries.