Embarking on a digital transformation journey can be an enormous undertaking for an established organisation. With the harsh economic times faced by the Oil & Energy industry in recent years and threats to the sustainability of the oil industry itself, embracing digital technologies is necessary to survive.
Traditional on-premises software uses a perpetual license delivery model, which involves upfront charges to purchase a software for an indefinite period. Usually, technical support and updates come with extra costs and therefore once the license expires, budget holders/managers may stick with the same version that was paid for initially. All the responsibilities associated with hosting the software lie with the end user and their IT service teams. These responsibilities can include:
Traditionally, engineers perform calculations, run simulations and post-process results in a way that is fragmented which restricts team productivity, quality of results and project schedule. Many tools are used to derive modelling inputs (coefficients, material and fluid properties) which in turn are then manually inputted by the engineer into engineering simulation software to perform engineering design analyses.