Value Tracking Thru Digital Fields Countrywide Solution Big Data Analytics Project

2021 ◽  
Author(s):  
Anak Karim ◽  
Hairulirwan Abu Hassan ◽  
Sayyid M Izdihar Muslimin ◽  
Roberto Fuenmayor ◽  
Ammar Kamarulzaman ◽  
...  

Abstract The Digital Field initiative is transforming the daily operations on the oilfield and it is now part of PETRONAS corporate wide digital strategy. This transformation is done by onboarding multiple disciplines such as subsurface team, facilities, and operations, HSSE and Business Planning and is designed to replicates the performance of an oilfield in the computer, combining business process management and technical workflows. Digital Field has enabled the customer to execute their work collaboratively, by providing decision support system (technical workflows and business process management tools) subsequently improving their process efficiencies and optimizing their production. It is believed that by conducting a systematic review of the improvement and tracking the values that has been achieved, it will help to promote and accelerate digital adoption faster. The main objectives of the Automated Value Tracking are: To promote opportunity generation through collaborative environment. To track stages of every opportunity of the following categories of Production Optimization, Unplanned Deferment and Process Cycle Efficiencies. To quantify values associated with opportunities generated from automated workflows and current business process. To promote ownership of the actions associated with the assigned opportunity and to help to quantify on individual level contribution to the corporate goal in terms of production volume and time savings. To measures optimized number of opportunities generated against production volume associated with Production Optimization activity according to Field category and Quality of Opportunity Generated from Optimization Advisor. The process is summarized as follow: Opportunity generation: Automated opportunity generation generated through current Production Optimization Advisory framework. Integration with existing Petronas business process tools i.e. Daily Operational Tracking System, Alpha projects, Opportunity Management system, etc. Manual opportunity generation. Opportunity evaluation and analysis: Provide quantitatively confidence level of production incremental volume from automated Optimization Advisory through machine learning. Establish relationship between numbers of opportunity completed and categories versus production volume gain. Opportunity tracking and approval: Tracking the opportunity generation according to the process level. Escalating Opportunity and value recognition through business process approval. This workflow helps to improve to understand the current update of the different levels such as well, field, region and upstream with the help of integrating the value realization and allows "cards" to show information that can trigger opportunities to increase production, reduce time of decision and fast action.

2017 ◽  
Vol 23 (3) ◽  
pp. 703-720 ◽  
Author(s):  
Daniel Bumblauskas ◽  
Herb Nold ◽  
Paul Bumblauskas ◽  
Amy Igou

Purpose The purpose of this paper is to provide a conceptual model for the transformation of big data sets into actionable knowledge. The model introduces a framework for converting data to actionable knowledge and mitigating potential risk to the organization. A case utilizing a dashboard provides a practical application for analysis of big data. Design/methodology/approach The model can be used both by scholars and practitioners in business process management. This paper builds and extends theories in the discipline, specifically related to taking action using big data analytics with tools such as dashboards. Findings The authors’ model made use of industry experience and network resources to gain valuable insights into effective business process management related to big data analytics. Cases have been provided to highlight the use of dashboards as a visual tool within the conceptual framework. Practical implications The literature review cites articles that have used big data analytics in practice. The transitions required to reach the actionable knowledge state and dashboard visualization tools can all be deployed by practitioners. A specific case example from ESP International is provided to illustrate the applicability of the model. Social implications Information assurance, security, and the risk of large-scale data breaches are a contemporary problem in society today. These topics have been considered and addressed within the model framework. Originality/value The paper presents a unique and novel approach for parsing data into actionable knowledge items, identification of viruses, an application of visual dashboards for identification of problems, and a formal discussion of risk inherent with big data.


Author(s):  
Serdal Bayram ◽  
Özalp Vayvay

An electronic procurement (e-procurement) system is an electronic based procurement style that facilitates effective communications along the entire supply chain. E-procurement accelerates SMEs (small and medium size enterprises) at a reduced cost. The purpose of this chapter is to show that adoption of an e-procurement system is essential in the supply chain for SMEs and to find solutions in order to make using this system as easy as possible. The adoption should be considered as a re-engineering process from an innovative perspective. An adoption plan is proposed within the study. It contains three phases: 1) identification of the e-procurement process, 2) seeking integration points with other elements of the system, and 3) IT implementation of the integration areas. The study also proposes to use business process management tools that have workflow engines and Web service implementations for integration points. Although BPM (business process management) tools are seen as quite expensive to SMEs, there are also dependable free licensed ones. The study is concluded with a case-study that is implemented with a free-licensed BPM tool for proof-of-concepts.


2012 ◽  
pp. 950-966 ◽  
Author(s):  
Serdal Bayram ◽  
Özalp Vayvay

An electronic procurement (e-procurement) system is an electronic based procurement style that facilitates effective communications along the entire supply chain. E-procurement accelerates SMEs (small and medium size enterprises) at a reduced cost. The purpose of this chapter is to show that adoption of an e-procurement system is essential in the supply chain for SMEs and to find solutions in order to make using this system as easy as possible. The adoption should be considered as a re-engineering process from an innovative perspective. An adoption plan is proposed within the study. It contains three phases: 1) identification of the e-procurement process, 2) seeking integration points with other elements of the system, and 3) IT implementation of the integration areas. The study also proposes to use business process management tools that have workflow engines and Web service implementations for integration points. Although BPM (business process management) tools are seen as quite expensive to SMEs, there are also dependable free licensed ones. The study is concluded with a case-study that is implemented with a free-licensed BPM tool for proof-of-concepts.


2018 ◽  
Author(s):  
Muhammad Navaid Khan ◽  
Ahmed Khaleefa Al Neaimi ◽  
Abdullah Al Qamzi ◽  
Shabbeer Ali Yusaf ◽  
Yasushi Shimizu ◽  
...  

2021 ◽  
Author(s):  
Nataliya Smentyna ◽  
◽  
Dmytro Skliar ◽  

It is important for the improvement of the theory, methodology, and practice of management to identify the main trends in the transformation of e-commerce management tools, problems and prospects for their use, and the characteristics of business processes in this area. At the same time, the analysis of the existing scientific heritage revealed insufficient coverage of the business process management specification in e-commerce under the influence of current trends in economic, technological, and social development as a whole. With this in mind, an attempt has been made to identify the basic characteristics and define the main trends in the transformation of business process management in e-commerce within the context of current business trends. The study reveals that influenced by certain trends, constraints, and new opportunities, modern businesses are increasingly turning their attention to the potential of e-commerce as a highly profitable and dynamic area. As a result, the improvement of business process management in this area is in demand and should become a way for modern companies to build and maintain a competitive advantage at the organizational and management level. The analyzed business trends influence the functioning of economic e-commerce entities, along with the specific characteristics of the current period of e-commerce development highlighted by the author. They allow us to present the relationship between the dynamics and specifics of the development in the past, present, and its potential in the future. These characteristics were considered when shaping directions for change of business process management in e-commerce due to the influence of current business trends.


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