Buzzwords like big data are an important development for organizations of all sizes. The need to stay connected, collaborate across geographies, security, scalability and flexibility are also critical factors in the evolving economic environment. While serving these unique business needs, cloud computing often excels in delivering results that are far better than expected by most CIOs and CTOs.
Oil and gas sector, though a seemingly unlikely candidate, is among the many benefactors of cloud computing. Oil and gas operations involve intensive field work, and the need to share data from field instrumentation, contractors, regulators and other stakeholders in almost real time become crucial for a profitable enterprise. The stakes are very high in oil and gas exploration, usually in hundreds of millions of dollars. Therefore, it becomes imperative for the business to operate in a secure and timely manner.
How does cloud computing help
The term “cloud” is eponymous with a scalable combination of hardware and software that operates simultaneously to serve a specific business purpose. This can be either a public setup available to everyone or a private setup within the confines of an organization’s firewalls, each with their own set of positives and negatives.
Flexibility in operations
Oil and gas software packages enable the field personnel to access critical data like land and water management, rig and fleet tracking, regulatory compliance, site engineering data and supervisory control etc. With the high-stakes in play, it becomes critical to share business information with all stakeholders, especially field personnel in real time and the agility of cloud computing enables this in a reliable manner.
It also allows pay-per-user modules ensuring optimized spend on technology infrastructure and the added security measures employed by cloud service providers are often better than client-server infrastructure, giving an additional safety net for the business.
Managing human resources
Oil and gas exploration is often not restricted to geographies. With human resources spread across different locations, cloud based human resource management systems offer robust solutions for attending to the complex needs of employee management and communications for the sector.
Accounting and documentation
Another inherent benefit of cloud computing for oil and gas operations is its ability to create shared work environments. Documentation and processes can easily be managed at remote locations in real time, enabling field personnel to focus on their work while compliance and accounting operations are taken care of by legal and accounting teams.
Mapping plays a crucial role in field operations of oil and gas sector. Cloud based mapping has taken a load off oil and gas operations, enabling field personnel with applications that can be accessed on common devices like smartphones. Robust cloud based mapping services like Environmental Systems Research Institute’s ArcGIS Server is capable of quick deployment using a preconfigured server image available from Amazon Web Services (AWS). (KNOWARTH Technologies in the consulting partner for Amazon Web Services Email: email@example.com)
Added data security, collaborations between teams in real time, flexibility and scalability of operations are just a few instances of why cloud computing is becoming an essential part of oil and gas operations across the globe. It is just a matter of time as more organizations realize the benefits of cloud computing and it finds wider acceptance in the sector.