From balancing natural gas and renewables market forces to the lack of gas supply in the east coast of Australia, the changing waves in the market are driving organisations to look at ways to improve asset management and sail through with improved cost efficiency.
For organisations that are impacted by external factors including commodity prices, IFS Australia and New Zealand Managing Director, Warren Zietsman, says operational intelligence can provide numerous benefits.
“This intelligence will tell you what you need to know in real-time, give you suggestions for decision support and help you act,” Mr Zietsman said.
“Delays in action and decisions will leave organisations vulnerable to external risks.”
MMA Offshore Limited (MMA) operates over 30 vessels throughout Australia and internationally and since implementing specialised oil and gas solutions software, IFS Applications™, the company now has a single source of information across its business. Despite a collapse of oil prices in 2015, the company maintained a 2 per cent net profit growth of over AUD 55M.
The solutions demonstrated how it could achieve ABS compliance for vessels and provide offline access to maintenance systems.
“All the key user groups were won over by IFS’s ease of use,” said Jon Fowler, GM of IT for MMA.
“It also got ticks for ease of configuration, and ongoing maintenance and support. We wanted to get up and running quickly, and with IFS we are now more self-sufficient.”
“For Suez (formerly Process Group Australia), our solution allowed them to manage projects efficiency, improve service quality and double their capacity within a year of implementation,” Mr Zeitsman added.
“Machine learning and advanced analytics with the IFS IoT Business Connector enables critical decision-making in maintenance and supply management in a market-driven in large part by fluctuating commodity prices and supply. These insights can future proof operations through all cycles.”
Find out more information on IFS Oil & Gas solutions here.
