Oil and gas industry advisor DNV GL launches a new digital platform to facilitate connections between different industry players, domain experts and data scientists.
Oil and gas industry advisor DNV GL has launched a new digital platform to facilitate connections between different industry players, domain experts and data scientists.
Industry data platform Veracity intends to boost knowledge and encourage collaboration within the sector.
“A distinctive element of our new industry data platform is…that it combines domain expertise and data science to put quality assured data – the veracity of data - at the centre and facilitate industry-wide collaboration and innovation,” DNV GL Oil & Gas CEO Elisabeth Tørstad said.
“The aim is to not only build trust, but also boost knowledge and encourage collaboration. The industry needs to be successful at this to leverage the benefits of digitalization,” she added.
New DNV GL research among industry leaders in the oil and gas sector showed that nearly one in four (39 percent) respondents said their organization has an increased focus on digitalization and, despite ongoing cost pressures, 39 percent believed spending on digitalization will increase in 2017.
Almost half (49 percent) of the respondents also said that digitalization is necessary to boost profitability.
“The potential for using data more smartly in our industries is enormous,” Remi Eriksen, president and CEO of DNV GL, said.
“We are not looking to own data, but rather to unlock, qualify, combine and prepare data for analytics and benchmarking,” Eriksen added.
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