Industry Challenges | Growing competition and rising costs
The Oil and Gas (O&G) industry is going through unprecedented times with plummeting demand and low O&G prices; creating a challenging environment for operators. Enterprises are renewing focus on containing cost so that they can operate profitably. Some of the salient challenges being faced by O&G enterprises are:
Competition with non-fossil fuel sources
Rapidly changing market dynamics
High operational costs
Delayed decision making
DRYiCE iControl | 24/7 view of processes for proactive problem identification and remediation
DRYiCE iControl (iControl) is an O&G business process observability solution that provides real-time visualization of the full set of business processes, their integration, and associated systems. This offers IT and operations a granular view into process capability against key performance indicators, defined service level agreements and identified process optimization areas through predictive analytics.
iControl offers a near real-time monitoring system that leads to a substantial reduction in resolution time and improvement in availability and reliability. HCL’s industry expertise and DRYiCE Software’s unique features make iControl a holistic solution for the O&G enterprises to gain end-to-end process observability and actionable intelligence for forecasting and resolving possible risks.