Did you see the Oil & Gas and Petrochemical Market Shift and Upturn?
The volume of Oil & Gas and Petrochemical engineering, procurement and construction (EPC) contracts awarded in 2018 is about to double compared with 2017 as a consequence of the market shift from the international oil companies (IOCs) to the national oil companies (NOCs) and independent companies.
The Independent companies of the Oil & Gas and Petrochemical market develop a new business model to award EPC contracts.
Independent Companies Business Model in Oil & Gas and Petrochemicals Read More »
Independent companies definition. Independent companies refer to Oil & Gas and Petrochemical operators that are neither international oil companies (IOCs) nor national oil companies (NOCs).
Already more than double the 2017 business From the numbers we collected at the end of June, the LNG market has already awarded in 2018 twice more business than the entire 2017 year. At the beginging of the year our market analysis was already promising a boom for 2018 and the figures extracted from www.projectsmartexplorer.com data
Do you value chain or do you value network? Is this wording game that important?
We believe it just summarizes the gap between the conventional economy and the new one leading to the 4thindustrial business model revolution.
Over the last decade, we have seen the emergence of new business models with Google, Apple, Facebook, Amazon, Microsoft, the so-called GAFAM, disrupting all economies and industries.
Innovation and technologies are the first reasons to explain how these companies became disruptive and successful in inventing new business models.
The General Data Protection Regulation (GDPR) is the new directive adopted by the European Union to regulate data privacy between citizens and organizations.
This law will come into effect the 25 May 2018 and will apply to every company processing data from EU citizens, even if the organization is not EU-based. GDPR is a major breakthrough for privacy and security in an increasingly data-driven world.
This directive aims to give EU citizens control over their personnal data, while giving greater responsability to organizations data management.
Blockchain is a technology allowing an ecosystem to store and share information without the supervision of a control center. In fact, it is a distributed data base where information are checked and arrange in blocks at regular time interval. Creating a « chain of blocks », these remote registers are able to secure all the transactions between users since the system was created.
Protected by cryptography, the blockchian makes it possible to establish a trust between users.
Technology Readiness Level (TRL) is a methodology to estimate the maturity of a technology. Based on observations, formulations, experimentations, and running feedbacks the TRL approach is used to position the progress of a technology on a scale ranging from observed concepts (1) to validated operating systems (9).
A Proof of Concept, or mostly referred as “PoC”, is the earliest step of development of any Use Case within digital organisation. The PoC ambition is not to overwhelm the total Use Case but to prove the efficiency of the selected solution to tackle it. The PoC targets to explore the resolution of a pain point in a short time with little expense.
Digital Twin is a virtual model of a real process, object or service. The contrast between Digital & Physical Twins highlights deviations between predicted and real scenarios allowing to optimize the execution, operation and return of experience.
