Microsoft & Arabesque Group Sponsors K IT Day to Drive Forward Digital Transformation in Oil & Gas Sector
Microsoft & Arabesque Group participated in this year's "K IT Day" an occasion that brought together Oil and Gas Sector Professionals from across the country to talk about the most up to date innovation trends in the industry. Microsoft stepped up as a gold sponsor for the event this year in cooperation with Arabesque Group for General Trading and Contracting to empower Oil & Gas market professionals with its latest technological innovations.
K IT day's theme this year, centred on the Internet of Points (IoT), showcased latest trends to Kuwait's industry professionals and exactly how IT could own impact in the industry. Omar Saleh, Director for Oil and Gas at Microsoft, Middle East and Africa, delivered a session on progressing Digital Transformation and making use of innovations such as the IoT, advanced analytics, modern performance and cloud computing.
Saleh's session elaborated on the three key areas that companies seek to optimize: growth, innovation and functional excellence; and how the systems of knowledge incorporated in Microsoft innovations like the Azure IoT suite can assist attain greater enterprise productivity through boosted automation, rich data systems, connected smart products, and more connected possessions, staff members and customers.
" 21st century digital transformation promises to own extraordinary commercial innovation. New digital innovations combined with data-driven understandings could change operations, enhancing agility and critical decision-making, and resulting in new business models." stated Omar Saleh, Director for Oil and Gas at Microsoft, Middle East and Africa. "We delight in to fund this occasion that yields leading industry professionals on this unique platform, and are keen to share knowledge on access to services that will assist drive the industry ahead."
Saleh further highlighted exactly how Digital Transformation improved the systems of knowledge such as Engaging Customers, Empowering Employees, Optimizing Workflow and Changing Products is making it possible for companies to achieve much more. According to a 2016 Upstream Oil and Gas Digital Trends Survey by Accenture and Microsoft, 80% of upstream oil and gas business intend to enhance spending on digital innovations in order to help them drive leaner, smarter organisations.
Attendees at K IT day learnt about accessing solutions that are crucial in enhancing operational and incident-free performance. On top of that, Microsoft's Independent Software program Vendors (ISVs) Esri and OsiSoft, showcased a real-time demo on updating data right into the Plant info (PI) system. The presentation highlighted the procedure of information being cleansed, accumulated, and sent to an SQL Web server using the "PI Integrator for Business Analytics", and afterwards being cut by a power BI record to be offered in different means for sector professionals to acquire live insights and make smarter decisions.
"Our collaboration with Microsoft highlights our dedication to promote improvement of technological skills in the market." Said Mr. Abdullah Makki the Deputy Chief Executive Officer of Arabesque Group. "K IT day stands for a fantastic opportunity to join forces and share data base for presenting latest campaigns and modern technologies that would add to sustained future growth in the oil and gas industry".
With 44% of respondents in the 2016 Upstream Oil and Gas Digital Trends Study reporting that investing in the Internet of Things (IoT) is their next big priority, it's clear that in the present atmosphere the industry is concentrating technologies on areas that will provide efficiencies and cost savings while enabling much faster choice production. Participants also saw the best influence from IoT in making it possible for linked field workers, with 60% planning to have field workers and properties electronically connected with smart devices.
Microsoft has actually been committed to technological improvement in Kuwait and has actually taken part in a number of key initiatives to help the government of Kuwait in transforming the solutions it offers. Inning accordance with a Right range cloud record, total Microsoft Azure fostering rose from 20% to 34% in 2017, with Forbes recently anticipating annual revenue for Azure to be close to $2.3 billion. Technologies like Azure IoT suite play a vital function in the oil and gas sector and helps in reducing costs, collect smart data to figure out if an oil rig part has to be replaced, sight production for optimization while boosting performance of processes on the whole.
"Modern technology is increasingly ending up being entrenched in business processes and in the tools needed to run business more successfully; it is frequently progressing. Our participation in K IT and comparable campaigns support our goal to sustain the government and organisations in Kuwait taking on latest cloud innovation and accelerate their journey towards Digital Transformation." added Saleh.
