As I gear up to attend the 2018 Rice Oil & Gas HPC Conference in Houston, I take pause and think about the journey that the science of High Performance Computing (HPC) has been through and more importantly, am curious about where it is headed. When I had spoken about sustaining an ecosystem of Open Innovation at this conference last year, I had the privilege of meeting Earl Dodd, an industry expert on HPC. I happened to have an opportunity to meet Earl recently and engaged in an insightful conversation about HPC. Let us just say our conversation sprouted the idea of doing a multi-part podcast starting with the basics and looking ahead to the future. We hope you’ll join us as we head “Back to the Future” of HPC through podcasts that define what HPC is and explore where HPC is headed.
Podcast 1: Basics of High Performance Computing
Podcast 2: Where is HPC headed?
Continue reading “Back to the Future of High Performance Computing”
It’s no secret that more and more companies are turning to cloud solutions to ignite innovation and reduce costs, and that growth is impacting vertical industries as well. Telco companies are tapping into cloud to enable faster development and delivery of new products, the energy, oil and gas market is looking to cloud-based high performance computing (HPC) to run a variety of data and compute-heavy applications, mobile payment processors in the financial services arena are working in the cloud, and researchers in the healthcare field are using cloud for big data analysis. If you’re one of many considering the move to cloud, join us for a webinar on September 5 as we review key considerations for implementing a cloud approach within your business.
Continue reading “Join Us: Key considerations for an effective cloud strategy”
Perhaps it is with good reason that Super Bowl 51 was held in Houston, Tex., the nerve center of oil and gas companies with several key enterprises that drive the dynamics of the energy industry at large. The manner in which the game took a different turn all the way into the third quarter is quite symbolic of the ups and downs experienced by oil and gas enterprises over time. “Who is the winner,” you ask? Well, in the Super Bowl of oil and gas, the winner is the company who has a laser focus on the business of oil and gas while taking steps to simplify the underlying technology infrastructure. Every company might be a technology company – but technology is not the core, differentiating competency of the enterprise. Remember the call to action not that long ago: “Houston, we have a problem! Let’s innovate IT!?” Building upon the concepts outlined by Geoffrey Moore, it behooves oil and gas companies to grow the context (IT) by leveraging innovative technology solution providers while innovating the core business of oil. In other words, it is time that this industry simplified information technology to energize the business.
Continue reading “Simplifying technology to energize the business.”
More companies are adopting cloud-based high performance computing (HPC), especially in industries that require significant computational power. The energy, oil and gas markets are no exception. After all, they rely on advanced computer-aided engineering (CAE), advanced data analytics, seismic processing, and other data- and computationally-demanding applications. But implementing cloud-based HPC will require new approaches that deliver greater flexibility and ease deployments. One such solution? Containers.
Continue reading “Containers can help energy, oil and gas companies accelerate adoption of cloud-based HPC.”
Just a few weeks ago, I made my first visit to the CDM Media CIO Energy Summit to moderate a roundtable on the relevance of IT to the energy industry. To kick off the summit, Dr. Steve Pratt, CTO of Centerpoint, gave a passionate and energizing keynote. His message? IT and its critical role in adding value to business. I couldn’t agree more.
“Strategy has become the single most important document,” asserted Pratt, effectively reinforcing the point about the vital need to realize value out of technology. Pratt’s keynote highlighted several best practices that can be adopted for IT to continuously add value and be relevant to the business.
Continue reading “Tip o’ the Red Hat to energy executives who shared their insights in Houston”
2015 was a very hard year for many of the industries’ energy companies, especially giving the downturn in the price of oil as well as the decrease in the number of offshore permits applied for and granted here in the United States. The oil industry in the United States has lost 70,000 jobs in the downturn, the Federal Reserve estimates. At least ten U.S. oil and gas companies, accounting for more than $2 billion in debt, had filed for bankruptcy in the fourth quarter of 2015.
And given the current political climate, who knows what the future will bring, regardless of which side of the election you might be on. But there are bright spots, especially with open source in the oil and energy sectors.
Continue reading “Oil & Energy: Growth is on the horizon.”
Lately, when I go to the gas station to refuel my vehicle, I am pleasantly surprised by the price and love the numbers I see—as a consumer. However, falling gas prices have obvious implications on the oil and gas industry, as reflected by the stocks going “downstream,” so to speak, in recent times. While the economic pundits work out the global market forces, what can oil and gas companies do to re-energize and rejuvenate this sector? Innovate. Of course, for innovation to be effective, it should have proper context and tangible business benefits.
Continue reading “Innovate to renew the energy of oil and gas.”
Mobile applications have the potential to transform business operations and enable innovation. Some industries, however, are leading the charge. In fact, more than half of companies in the chemicals, pharmaceuticals, and biotechnology industry as well as construction, mining, oil, and gas industry are using mobile to reinvent business processes and transform how they do business, according to a recent Red Hat mobile maturity survey.
Continue reading “Several industries, including pharma and oil and gas, are using mobile to reinvent and transform their businesses.”
When Australian oil and gas producer Santos needed to get data more quickly into the hands and minds of its users, it turned to open source. By replacing a proprietary IT infrastructure that was distributed among data servers, application servers, and application workstations across several sites with an open source solution, Santos was able to cut IT costs and create new opportunities for faster data processing and simulation capabilities. In short, the open source move set up Santos for cost-effective, high-performing IT that can stimulate innovation. You can read about it in this case study.
Continue reading “Fueling innovation with open source technologies in the oil and gas industry”
A new report by 4G-reports projects big growth opportunities in the machine-to-machine (M2M) and wearable technology market, which the authors say will help IoT service providers garner an estimated $231 billion in IoT service revenue by the end of 2020. This growth is expected to open new opportunities in areas such as smart meters and patient monitors, and may expand the smart devices market overall, particularly within the framework of the Internet of Things (IoT) vision.
Continue reading “M2M and wearable technology expected to push IoT services to $231 billion market in 2020.”