And this is where new business models become significant, such as creating a marketplace for IoT devices or hosting virtual and augmented reality applications. Equally, identifying where customers can unlock value:
At BT, we work very closely with customers who are embarking on a digital transformation to understand how they can transform as a business. What benefits are they looking to achieve, and what pain points or blockers stop them from achieving their business aims? It requires deep trust, solid relationships at all levels, and a consultative engagement lasting for months. In essence, we see ourselves as partners for our customers: building the business case for digitizing their operations, helping them transform, and unlocking business value as a result.
Faced with growth opportunities in renewables but also challenges such as regulatory and government enforcements, sustainability targets, lack of workers with the right skills, and ongoing cyber threats, they are turning to technology as a key enabler to address their business goals.
One industry that we see accelerating their digital plans is the Energy sector, including Oil & Gas.
Faced with growth opportunities in renewables but also challenges such as regulatory and government enforcements, sustainability targets, lack of workers with the right skills, and ongoing cyber threats, they are turning to technology as a key enabler to address their business goals.
Areas such as IoT, AI, automation, and big data are all underpinned by the low latency, high throughputs, speed, and security, that 5G PN’s can provide.
In fact, with some customers, we’re seeing up to 75% of their annual IT budget aimed at these new technologies.
Key themes from the oil and gas industry
Remote operations and communication
Operations often take place in remote locations with limited or unreliable communication infrastructure. This makes it difficult to monitor and control operations effectively and to transfer data and communicate with personnel on-site. 5G PN’s can provide reliable, high-speed connectivity to overcome these challenges.
Safety and Security
There can be several safety and security risks, including the potential for leaks, spills, and other hazards. 5G PN’s can support the use of connected devices and sensors to detect and prevent such hazards.
Efficiency and Productivity
Operations can be complex and resource-intensive, with many different processes and equipment to manage and maintain. 5G PN’s can support automation and real-time data analysis to improve efficiency and productivity and reduce the need for manual labor.
Training and Maintenance
Training personnel and maintaining equipment and facilities can be costly and time-consuming. 5G PN’s can support virtual and augmented reality for training and maintenance, making things more efficient and cost-effective.
Data-intensive applications
Operations generate a lot of data, which needs to be analyzed and used to make decisions. 5G PN’s can support the transfer of large amounts of data to data centers for analysis in real-time, allowing for faster decision-making and improved safety and efficiency.
Conclusion
It’s important to think big but start small. What is the art of the possible? And where do we begin? A simple methodology is to map out use cases and potential benefits against three macro transformation drivers: productivity, efficiency, and safety. We normally reach a core prioritized list of use cases that will deliver enough value to our customers, which more than offsets the cost of investment.
When it comes to advancing further adoption of 5G PN’s, it’s important to focus on outcomes rather than just 5G. It’s about using a test-and-learn approach, working in partnership, and being agile in an environment that is constantly evolving.
