Real-time asset management is a maturing theme within the oil & gas industry that has not yet reached its full potential. Intelligent Oilfields, Smart Fields, Field of the Future, and iFields are just several examples of terms used in the oil & gas industry to describe the vision of real-time asset management in action.

Real-time asset management is the vision in which the industry transforms itself by continually moving toward delivering real-time information, thereby enabling real-time actions. Most companies, large and small, have taken the initial steps to instrument and automate, remote and distributed assets in the industry to collect and visualize data regarding the operational performance and health of those assets. Collecting and visualizing data is not enough, it’s the next steps to truly optimize and transform the industry that make the most impact and are just underway. One of those steps includes predicting asset performance, enabling users to make quicker and better decisions, and to act on those decisions at the right time, with the right people, and the right tools.

Predix and APM (asset performance management) from GE Digital analyzes and predicts asset performance, enabling the ability to make quicker and better informed decisions. ServiceMax is a field service management platform that receives service requests, automatically creates work orders, and dispatches the most suitable technicians to proactively service equipment before it ever fails. The joint value and integration of the two applications helps companies in the oil & gas industry to increase field service and operational efficiencies, avoid lost production, and decrease safety and compliance incidents.

Register today for Maximize and the half-day oil & gas session to learn more about real-time asset management using ServiceMax and APM technology. Maximize is ServiceMax’s global field service summit and customer conference for the field service and field operations industry.

About Phil Schwarz

Phil SchwarzPhil Schwarz is the Oil & Gas Industry Development Director at ServiceMax. Phil has nearly 20 years of experience in the oil & gas industry with oilfield service, industrial automation and SaaS companies. He is passionate about smart oilfield technologies and the economics of oil & gas. He holds a Graduate Certificate in Smart Oilfield Technologies from the University of Southern California and a Masters in Economics from the University of North Dakota.

Want to run a better service organization?

Sign up to get the latest Field Service Digital news delivered to your inbox. 

Thanks for subscribing! Please add fsdigital[AT]original9.com to your contacts to make sure you get the latest field service news delivered to your inbox.