Overview

With a digital performance model as the coordinating layer between functions, companies can implement a performance infrastructure as part of a digital transformation strategy that fundamentally changes the way industry works today. By incorporating digital twin technology, workflow engines, physics-based dynamic simulation models, hybrid machine learning and AI, the digital performance model introduces a novel approach to industrial work processes, with digital coordination at its core to upkeep and execute industrial services and associated AI/ML capabilities with increased autonomy.

The digital performance model drastically increases the transparency of the tether that binds the day-to-day operational activities to asset and executive level performance metrics. This is done by establishing a matrix style digital map, with work processes on the horizontal and ties from operational inputs and outputs to asset and executive level metrics on the vertical. This map emulates the accounting structure currently used for profit and loss (P&L) by the client, but with the added benefits of cross integration of digital systems across the enterprise, real-time monitoring, updates, aggregation and necessary analytics on these metrics. This mapping, along with the incorporation of decision support capabilities through both generative and analytical AI, helps client enterprises that focus on improved decision-making capabilities, yield return on asset (ROA) of 3-4% higher than their peers who do not take such an approach.

Speaker

Neeraj Zambare, Director SIA, Kongsberg Digital

Neeraj is Director SIA at Kongsberg Digital. He is an experienced manager of products with a demonstrated history of working in the information technology and services industry. He has strong program and project management professional skills in Oil & Gas, Petroleum, Process Control, the Energy Industry and Chemical Engineering. He has an MS in Chemical Engineering and a PhD in Chemical Engineering - Process Control from Drexel University.

Miguel Valdez, Vice President of Growth, Kongsberg Digital

Miguel is the vice president of growth - Americas at Kongsberg Digital, where he has been instrumental in driving the company's expansion for more than five years. Based in Houston, he brings more than a decade of experience in the oil and gas industry, specializing in aftermarket services, subsea capital projects and strategic business development. Prior to his current role, he served as director of growth and growth manager, demonstrating a consistent track record of leadership and innovation. Miguel received a BS from Texas A&M and an Executive MBA from the University of Houston.

The material presented has not been peer-reviewed. Any opinions are the presenter’s own and do not necessarily represent those of IChemE or the Process Management & Control SIG in full. The information is given in good faith but without any liability on the part of IChemE.

Time

16:00 - 17:00 BST.

Software

The presentation will be delivered via Microsoft Teams. We recommend downloading the app from the Microsoft website, rather than using the web portal.