PetroDiAC

    Technology companies are always searching for new technologies to add to their portfolios and add to their abilities to solve real industrial issue to save money to their   customers. However on the other side, the competition between these technology companies in the AI field, already fierce,  and is likely to intensify in 2024 and beyond, driven by several factors: Competition landscape: Industrial Automation Companies: They are investing heavily in AI research and development, aiming to dominate the market with comprehensive solutions and deep knowledge of the process industry. Mega Technology Companies: While they pioneer in deploying several AI based projects, yet they are working hard to add more deeper knowledge  and increase their footprint in the process industry. Startups: Nimble and innovative, they are bringing specialized solutions to niche areas within the process industries. Industry incumbents: Traditio...

  Episode 7: Introduction Among the key parameters of Operational Excellence, "Quality & Reliability" stands as a cornerstone for ensuring efficiency, safety, and profitability in operations. They refer to the ability of a business to consistently produce and deliver products or services that meet or exceed customer expectations. In this article, we will delve into the significance of quality and reliability in the industry.   Quality: Quality is defined as the degree to which a product or service meets or exceeds customer expectations, adherence to industry standards, specifications, and best practices. It can be measured in a variety of ways, such as: Customer satisfaction surveys Number of returns or complaints Product or service failure rates Process defects Examples of Quality Measures: Precision in Drilling Operations : Ensuring precise drilling techniques through advanced technologies like directional drillin...