Tesco
Creating Value with Digital Twins in Oil and Gas
Article

Creating Value with Digital Twins in Oil and Gas

Håvard Holmås, Odd Arne Sjåtil, Sylvain Santamarta, Sverre Lindseth, Peter Forbes and Pietro Romanin
Boston Consulting Group, 2019
Read the article

Read or listen offline

автоматическое преобразование текста в аудио
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
автоматическое преобразование текста в аудио

Editorial Rating

8

Qualities

  • Analytical
  • Applicable
  • Concrete Examples

Recommendation

For those in the oil and gas industry, deciding how to implement digital twin technology – that is, virtual duplicates of physical tools – can be a challenge. Many fumble over deciding which cases to prioritize, thus overlooking the importance of creating value. Experts from the Boston Consulting Group outline several critical steps, specifically for oil and gas industry leaders to create digital twins that work for them – and to avoid investing in technologies that don’t. While heavily weighted with jargon, the analysis is full of concrete ideas and useful examples.

Take-Aways

  • Properly implemented, the use of digital twins can revolutionize the oil and gas industry.
  • Create a proof of concept and a minimum viable product for digital twins, mimicking a small number of assets that maximize value for the company.
  • Continue to focus on value as you scale up the digital twins in a sustainable way that reflects real-world conditions.

About the Authors

The Boston Consulting Group advises top companies on global business strategy. Håvard Holmås et al. are Europe-based leaders at the firm.

Comment on this summary or Начать обсуждение