International Business Machines Corporation (IBM) and Amazon Web Services will soon combine the benefits of IBM Open Data for Industries and the AWS Cloud to serve energy companies.
The announcement was made on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC). This comprehensive solution is based on Red Hat OpenShift and will run on the AWS Cloud, allowing customers to run workloads both on-premises and in the cloud.
The two companies also plan to collaborate on future functionality development to offer customers more flexibility and options on where to run Open Subsurface Data Universe (OSDU) applications.
According to reports, the energy industry is under pressure to reduce greenhouse gas emissions as demand for cheap energy continues to rise. Energy companies need solutions that help them achieve efficiencies in order to free up capital, time, and resources to invest in future research and development of new, more sustainable energy sources.
Data and digital technologies can help to navigate this transition, yet an IBM survey found that less than half of oil and gas executive respondents are using data to drive that innovation. This is in part because most of the digitization efforts have been in proprietary closed systems, hindering the potential to combine and maximize the value of data.
“Much of the data needed to solve the complex energy challenges, such as superior subsurface decisions, already exists, yet is untapped. This is because one of the greatest values of that data is derived when it can be effectively combined, but usually, this data is locked by data residency requirements, legacy applications, or proprietary data formats. By collaborating with IBM and leveraging Red Hat OpenShift, we will be able to offer customers a global, seamless offering with the flexibility to run on virtually any IT infrastructure and drive longer-term digital innovation.”
Combined with the expansive cloud infrastructure of AWS cloud services, this data platform can help energy companies reduce the cost, time and resources needed to leverage the data to derive insight, streamline operations and transition to sustainable energy generation.
Mr. Manish Chawla, global managing director, energy, resources and manufacturing, IBM said, “Our collaboration with Amazon Web Services is addressing the need to make it easier for energy customers to access their data and provides the industry with a flexible solution to meet the challenges of today, as well as more easily adapt as the industry evolves.”