Oil & Gas Industry in 2021 is undergoing transformation on multiple fronts, right from portfolio redistribution among upstream, midstream, and downstream assets, to improving overall economics of end product use by cost minimization, digitalization of core functions, and reducing carbon footprint across the value chain. With the changing market trends, today, the majority of Oil & Gas clients would prefer an end-to-end solutioning to ensure the business strategy is accurately translated into business process re-engineering. They expect the integration of advanced technology solutions, and the final implementation to be tailored to their specific needs.
Perfectly understanding the current market dynamics when it comes to Oil & Gas industry, iOG Solutions incepted in 2013 has been offering a broad range of functional coverage including all core functions like SCM, MES, Simulation & Modelling, Performance monitoring, visualization & analytics, APM & EHS, combined with expertise overall market leading tools, iOG has positioned itself as a leading service provider for technology led performance improvement for the Oil & Gas clients.
The company’s credentials span across geographies and boast of major public & private sectors in those regions. Moreover, with an
optimum mix of industry experts and functional consultants, the company has always come up with new capabilities to support clients across a wide range of business and digital strategy aspects.
“With a reputation for best quality services, iOG has expanded its client base to include both NOCs and private sector majors and acquired the status of a global service provider, serving clients across India, Europe, Middle East, and South East Asia. For all the functions covered under our service portfolio, we have developed expertise over all the market leading applications,” highlights Pankaj Zawar, Managing Director at iOG Solutions.
If we look at their specific service offerings, they have been successfully delivering assessment of ‘As is’ work processes and benchmarking with respect to industry best practices, identifying gaps vis-à-vis the target ‘To be’ state, lay-out roadmap/action plan with appropriate enlisting of functional & technology requirements, application vendor selection, application implementation, training, change management, post go-live support and specific performance improvement assessment leveraging functional tools.
Technology-driven profitability improvement
Envisioning becoming a globally reputed company focused on technology-driven profitability improvement, when it concerns the energy industry, the company has been strongly focusing on developing capabilities to serve clients along their journey to adopt Industry 4.0/Smart Manufacturing standards including IIoT, Smart Connected Assets, ML & AI etc.
Enabling business transformation
iOG Solutions, have been providing services under four different categories, i.e., iOGConsult, iOGImplement, iOGStudy, and iOGTrain which give them an edge in the market. The company’s service portfolio enables them to seamlessly engage with the clients at the onset of any business transformation initiative and assist them in envisioning a business transformation roadmap by perfectly identifying business requirements, and similarly translating it to functional and technical requirements, detailed business processes, business to application mapping; thus, finally developing implementation scope of work. Furthermore, iOG also has capabilities to address cross-functional aspects and offer a holistic solution to enable clients to get the maximum returns from their asset base.
“iOG aims to leverage its in-depth understanding of industry dynamics, role of various functions towards organizational performance as well as ability of advanced technology tools to improve performance to promote innovation both internally as well as for its clients,” concludes Pankaj. Specifically, iOG also plans to develop capabilities to offer analytics, real-time decision support features and an integrated performance monitoring platform with application of new age advanced technologies.