Category

powerful thinking
05
Oct

Richard Dyson: big data interview

This week’s Powerful Thinking article is a Q&A on Big Data with io CEO, Richard Dyson. An extract of these questions and answers first appeared in the “Drilling deeper into data” article written by Karen Boman in October’s Offshore Engineer magazine, this article can be read at: http://mydigitalpublication.com/publication/?m=41347&l=1&p=&pn=#{“issue_id”:441740,”page”:20} How would you define Big Data? At...
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02
Oct

interview with Richard Dyson in Offshore Engineer magazine

in this month’s edition of Offshore Engineer magazine (October 2017), the article “drilling deeper into data” includes an interview with io’s CEO, Richard Dyson. In the interview, Richard discusses io’s belief that the true value from big data will be derived from an holistic approach, combining subsurface, subsea, facilities and operating data derived throughout the...
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15
Sep

thoughts from the Granite City: Offshore Europe 2017

Despite having spent 5 great years living in Aberdeen between 1999 – 2004 working as a recent graduate for BP as a Petroleum Economist, this was my first visit to the Offshore Europe Conference and Exhibition held at the Aberdeen Exhibition and Conference Centre. timing is important Things feel a little different since my last...
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08
Sep

new technology, are you aware of the risks?

To many it seems as if the rate of change of technology is accelerating, and people are starting to claim that it is posing an increasing challenge to business[1]. It doesn’t stop there, Elon Musk claims artificial intelligence (AI) is one of the greatest threats facing humanity, he was recently quoted as saying unregulated AI...
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10
Aug

are you prepared to realise the value of the digital dollar?

The fourth industrial revolution is upon us, the Industrial Internet of Things (IIoT) is changing the oil and gas industry but are we fully leveraging value of the digital dollar? Companies are starting from an operations perspective and using the digital revolution to solve known problems. They are moving from reactive and preventive maintenance regimes...
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28
Jul

shipyards and the rise of the phoenix

A critical factor in offshore projects is the role of the shipyard as fabricator and integrator; however, in recent years those who might have chosen to invest in shipyards have been rewarded with burned fingers. 2017 midyear analysis [1] indicates that now might be the time for the phoenix to rise from the ashes, and...
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21
Jul

how you can make your project greater than the sum of its parts

Systems thinking and systems dynamics are two key components to systems theory and have been the mainstay of many industries since the middle of the twentieth century. Systems thinking is the approach of studying and understanding systems of all types. Systems dynamics is the methodology and mathematical modelling of these often-complex systems. The foundational theory...
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07
Jul

using adversity to drive innovation in reservoir focused technology

It is often said that ‘necessity is the mother of invention’ and there are plenty of examples of this, ranging from the eBook, which physicist Joe Jacobson created when he finished a book he was reading and realised he hadn’t brought another[1] to Japan’s need to produce high quality consumer goods to stabilise its economy...
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29
Jun

bitcoins, blockchains and unlocking project value

When the reclusive, assumed pseudonymous, Satashi Nakamoto mined the first Bitcoin in 2009[1], those with foresight may have predicted the potential disruption to currency and banking markets but few would have predicted the transformative, and in some cases disruptive, impact it may have in industries as diverse as automotive, shipping and oil & gas. As...
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23
Jun

do you know you have a wicked problem and do you know how to solve it?

Oil & gas projects are some of the most complex in the world; they are often a series of interrelated problems which are increasingly difficult to solve. Bringing value and certainty to the oil & gas industry requires approaching these challenges in an innovative fashion and cognisant of their complexity. In 1973 two Berkeley professors,...
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