SAN LEANDRO, CA--(Marketwired - Sep 13, 2017) - Shell Information Technology International BV., has entered into an Enterprise Agreement with OSIsoft LLC, a leader in operational intelligence. This agreement allows Shell to deploy PI System software across Shell's global operations which will help Shell streamline IT, conduct advanced analytics and develop new digital services.
The program will track "tags" or data streams with OSIsoft's PI System and deploy select OSIsoft software across business groups.
"Data and digital technologies will play an increasingly important role in the oil & gas industry for maximizing capital investments, reducing downtime and helping companies meet their commitments to shareholders and customers," said Martin Otterson, Senior Vice President of Customers Success at OSIsoft.
Shell currently monitors over 7.5 million instruments with the PI System and conducts approximately 100,000 calculations per minute with data captured and shaped by the systems within select business groups. The PI Systems are also the data engine for 30,000 reports and 40,000 displays daily.
Removing Barriers to Data Insights
OSIsoft's offerings help customers remove organizational and purchasing barriers to facilitate companies delivering a data-driven culture for digital transformation.
OSIsoft also collaborates with customers on training programs and developing use case scenarios getting the most out of their PI System.
OSIsoft places premium on creating a unified data infrastructure that provides any authorized employee or partner rapid and comprehensive insight into any device or application at any time. With a data infrastructure, supply chain managers could monitor pricing, shipping, and production in real-time to optimize deliveries and lower costs or analyze long-term traffic patterns at select depots to postpone capital investments.
"Think of operational data as the Rosetta Stone of digital transformation: that vast store of information holds the key to improving connectivity or developing new products. We've just begun to scratch the surface on what can accomplished," said Otterson. "We help companies to track and analyze more data. They don't have to worry about the number of tags. More data will mean more and better insights."
The PI System: Transforming Your World Through Data
The PI System is one of the world's most widely-used technologies for the Industrial Internet of Things. The PI System captures data from sensors, manufacturing equipment and other devices and transforms it into rich, real-time insights that engineers, executives and partners can use to reduce costs, dramatically improve overall productivity or create new services.
Some of the world's largest organizations, including over 1,000 leading utilities, 95 percent of the largest oil and gas companies and more than 65 percent of the Fortune 500 industrial companies, rely on the PI System to manage their businesses. Worldwide, PI Systems manage over 1.5 billion sensor-based data streams.
About OSIsoft, LLC
OSIsoft is dedicated to helping people transform their world through data. For more, please visit www.osisoft.com.
Contact Information:
Erika Kamholz
949 282 8560