Today’s technology is moving at a rapid speed, and this is changing how different industries develop and run Natural Gas Business . One of the most essential technologies that have seen rapid growth is cloud computing. As enterprise workloads continue to expand every year, the demand for cloud computing technologies continues to increase dramatically.
Statistics show that public spending on cloud services was $210 billion in 2019. This is an indication that cloud technology is vital to the success of many industries. The natural gas industry is one of the industries that is seeing wide adoption of cloud technologies such as cloud-based gas software by Trellis Energy.
And in this post, we shall review the top cloud technologies for natural gas businesses. Read on for more information.
Today, we cannot deny that the number of people using cloud-based SaaS solutions is on the rise. These solutions have become an integral part of our lifestyles, and without them, our normal routines would be significantly impacted.
With that said, it’s important to note that the SaaS model is also used in the natural gas business. More and more developers of natural gas software packages have started to transfer their client-server-based applications to cloud-based models. Some of the available offerings include rig tracking, right-of-way management, water monitoring, as well as fleet management.
SaaS platforms allow operators to get real time-time data insights and monitoring. This plays an important role when it comes to optimizing and automating production, maximizing return on investment (ROI), as well as improving oil recovery. Today, natural gas companies can integrate SaaS solutions with third-party business intelligence tools, supervisory and data acquisition (SCADA), and enterprise resource planning (ERP) accounting.
Human resource solutions
Some back-office solutions in the oil and gas industry are very practical. For instance, cloud-based HR solutions are developed to help in addressing the challenge of staff management and communications-as-a-service. The greatest benefit of using such a system is the unified compliance functionality, which creates the basis for many applications.
However, natural gas businesses don’t need to depend on contracted legal personnel or an in-house HR team for employee management. Cloud-based human resource SaaS platforms can help businesses to maintain an extensive database of forms, reporting requirements, and supporting documentation. Integrated notifications and alerts within the platform can help employers with recording and compliance. Now, once regulations are updated, most HR SaaS providers update the core software to show the recent changes.
Cloud-based HR solutions can easily handle routine functions like personal information, time reporting, health and safety compliance, as well as asset management.
Real-time monitoring solution
Some cloud-based technologies integrate Internet of Things (IoT) sensors, software, and hardware to enable real-time, remote asset monitoring. These cloud technologies provide visualizations through 3D models created by computer-aided design (CAD) solutions while integrating multiphysics and historical data. This assists natural gas businesses to reduce downtime while improving asset utilization. Besides, real-time monitoring allows operational teams and process design engineers to monitor usage trends and predict possible system failures.
Some developers integrate IoT technologies with cloud-based mobile technologies for controlling and monitoring. Besides, other solutions combine natural language processing (NLP), ML, blockchain technologies, and image processing to automate some operational tasks. This, in turn, allows companies to receive real-time data in the form of reports, graphs, and notifications.
The oil and natural gas industry generates lots of data via its daily exploration and production activities. And, when companies collect data from IoT devices and sensors, they can do progressive analytics to increase recovery efficiencies and optimize production. Besides, predictive analytics allows analysts in the industry to integrate different types of data to determine the possible causes of downtimes or failures. Besides, the analysts can analyze performance data when comparing estimated vs. actual costs.
Some data analytics-as-a-service platforms utilize machine learning when offering intelligent decision support for certain resources. Such platforms assist natural gas businesses to analyze thousands of gas field factors to choose the optimum solutions. Besides, filed engineers can rely on such platforms if they want to develop their resources with the required confidence and efficiency.
Cloud-based asset management solutions
Natural gas companies have some complex processes, with different types of tools to manage and track. While some companies can use computerized maintenance management systems (CMMS) or standard enterprise asset management (EAM), these solutions aren’t sufficient to be used in this industry. However, cloud-based asset management solutions make it easier to monitor operations and also optimize asset usage efficiently.
These cloud-based platforms allow managers and engineers to access asset data remotely, and this plays a big role in improving maintenance and increasing productivity. Adopting such solutions can bridge the gap between the office and gas fields by increasing field efficiency and allowing distributed teams. Cloud-based asset management solutions have replaced the time-consuming and tedious manual inspections and reduced operational expenses in natural gas businesses.
Edge network computing solutions
Natural gas businesses can use edge computing solutions to distribute data processing and digitize their assets. Besides, this solution can assist businesses to diagnose and improve the maintenance of distributed asset networks from the source. Besides, edge computing helps to improve worker safety, lower operational costs, and lower machine downtime for natural gas businesses.
When these businesses effectively adopt edge computing, it becomes much easier for analysts to yield more detailed insights across different portfolios or products. This platform allows users to capture data, and access real-time field operations data. As a result, managers can improve business decisions, operational response, and boost revenue growth.