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Getting more competitive
The Energy, Processes and Utilities industry is not just getting more complex and costly, it’s getting more competitive too. The profitably of established businesses is being challenged by accelerating commoditization eroding their legacy of competitive advantage.
These days, if you can’t compete on price as well as quality and expertise, you’re out of the running. Which means that companies involved in, for example, product development and specialty chemicals are being challenged by a highly competitive a market that never stops investing in science and new technology.
This competitive pressure is being felt right across the industry. Companies hungry to win new projects face expanding costs from a specialized workforce that’s shrinking as many hit retirement age, plus the need to operate more complicated processes and create more involved designs.
The multi-tasking owner-operators of complex facilities are also feeling the pressure. They need to handle the proper maintenance of their assets, invest for long term operations, manage procurement strategies and deliver ROIs set by over-optimistic boards in an environment where the challenges and expectations are always changing.
Faced with these mounting, multifaceted challenges, how is it possible to ramp up competitive advantage?
The necessity of innovation
To increase margin and profit organizations have got to – in the simplest terms – ‘do more better and for less’. In reality, that means increasing quality and productivity while reducing non-value adding activities and compliance risk.
The answer is ‘innovation’. Innovation isn’t only about having ‘the big idea’ and creating brand new product lines, revenue streams and markets. It’s about taking existing processes and making them simpler, quicker and more efficient. That means reducing time spent on repetitive tasks, avoiding duplication by improving organizational and infrastructure processes, and speeding up R&D to quicken the pace of innovation and diversify into new ventures.
Implementing Dassault Systèmes’ capabilities within your organization offer you many benefits:
- Virtual testing can reduce the number of experiments by 40%.
- Integration and automation reduces time spent on documentation by 44%,
- Time spent on tracking samples is decreased by 90%.
The result? A 66% acceleration in R&D.
(7 Major Benefits of Using Computational Materials in Oil and Gas)
Working together on one platform
Innovation is also about improving the way individuals work together. By making sure relevant real-time information is available to all project stakeholders – from the remotest field engineer to the director of manufacturing at head office. That way everyone can collaborate both vertically across the boundaries of functions, departments, organizations and geography, as well as horizontally, weaving a digital thread throughout the lifecycle of their projects, from fundamental research to industrialization. Then they can freely – yet securely – capitalize on knowledge and know-how by sharing and building on their ideas and expertise, bringing together data from different sources in intelligent ways to reveal yet undreamt of formulas, designs and methodologies.
“Once the information exists only once for the entire organization and its ecosystem, different people in different job roles can collaborate in real time without risks of using non-applicable information.
This yields an acceleration in terms of cycle time, whether in innovation, projects or operation routines. This means that companies can speed-up how quickly they go to market and adapt to market changes, thanks to a more differentiated offer based on novel products or business models.”
(To achieve all the above)
To achieve all the above, an organization needs to establish a scalable business platform connecting people across disciplines, processes and related organizations, such as suppliers. A platform that connects the virtual and real worlds, allowing a global business to re-imagine its engineering and operations while planning for excellence.
How on earth did they do that?
Energy, Process and Utilities success stories from around the world
Nothing beats the real-world experience of our customers – especially when they’ve achieved something they never thought possible in such a short space of time.
Which is why we would like to introduce two very different businesses and let them explain how they have reaped the very real rewards of 3DEXPERIENCE® platform.
Yellow River Engineering Consulting: revolutionized their way of working
The 3DEXPERIENCE platform is perfect for improving product design expression, quality and efficiency while optimizing engineering costs.
ExxonMobil: rewrote the rulebook on simulation
The visualization now possible with simulation allows you to do the interpretation—to spot either opportunities or flaws—a lot earlier. This impacts and affects the here and now much more so than ever before. So, in the upstream business, visualization is a great aid, able to bring folks together with disparate types of information analyses and data to solve some very tough challenges.