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zed tools are utilized to analyze code, and security   and automation design tasks. Common templates
                            testing of the product is performed. These actions   of proven and validated functional modules simplify
                            help to ‘harden’ products, making them more resi-  the engineering. Clear and well-defined interfaces
                            lient against cyber-attacks. In this way, as new pro-  ensure consistency and simplify data and model
                            ducts replace old, entire systems evolve to become   management.
                            more cyber secure (figure 2).
                                                                      Influencer #6: Blockchain
                            Business benefit derived                  A blockchain is an automated distributed public
                            Investment in robust cybersecurity precautionary   ledger that records transactions from multiple
                            measures generates business value through avoi-  sources  in  a  highly  secure,  trusted  environment.
                            ded costs. Some estimates put the average energy   Blockchains are the technology behind the digital
                            company’s annualized cost of cybercrime at only   currency known as Bitcoin and have the poten-
                            around $15 million [6]. But a major incident could   tial to improve trust and visibility along the supply
                            easily incur costs running into hundreds of millions   chain  with  respect  to  flow  of  goods  and  money.
                            of dollars and, more importantly, risk people’s lives   Blockchain records all transactions, including im-
                            and the nearby environment.               pressions, clicks and audience segments that oc-
                                                                      cur throughout the entire supply chain (for exam-
                            Influencer #5: Siloed systems to converged   ple, a full copy of Bitcoin’s block chain contains
                            systems                                   every transaction ever executed in the currency).
                            For years, the goal of oil & gas enterprises has   Networks of computers use cryptography to allow
                            been to move beyond traditional operational silos   each participant on the network to update the led-
                            that lower process efficiencies and drive up costs.   ger in a secure manner, without a central authori-
                                           However, the possibility of con-  ty – virtually eliminating the possibility of hacking.
                                           vergence has never been either   As blockchain enters into the mainstream, a new
                    In order to execute    affordable or technically feasi-  breed of suppliers will emerge providing solutions
                   the unifying vision of   ble. This situation is now begin-  based on this technology.
                 convergence, users and    ning to change. Consider the
                 technology providers will   example of two important pillars   Business benefit derived
                                                                      Blockchain technology can help reduce the time
                                           of oil & gas company opera-
                 need to team up in order   tions, power management and   and cost associated with lengthy back and forth
                to plan, design, implement   process management that have   business processes and facilitate the tagging of
                and maintain a true “power   traditionally remained separate   items in the supply chain without revealing sensi-
                aware” and secure process   systems, without common ar-  tive data. Blockchain applications are at the na-
                      control system       chitectural and communication   scent stage and performance data at this stage
                                           standards. Because these sy-
                                                                      in non-existent. As more digitization technologies
                                           stems each contain data that   support oil & gas operations, their compatibility to
                            can help to optimize the performance of the other,   blockchain implementations will become more im-
                            increased productivity and profitability can result   portant.
                            from the convergence of such systems.
                            In order to execute the unifying vision of conver-  Influencer #7: Tracking and linking process
                            gence, users and technology providers will need to   dynamics to market dynamics
                            team up in order to plan, design, implement and   Oil & gas industry supply chain operations use a
                            maintain a true “power aware” and secure process   host of different tools and software applications to
                            control system.                           address operational challenges. This has resulted
                                                                      in hundreds of people working in isolated silos - wi-
                            Business benefit derived                  thout visibility into or knowledge of the implications
                            Integrating the worlds of power, motor controls/  their individual decisions had on the overall supply
                            drives, automation systems, and safety control sy-  chain performance.
                            stems into a single decision-making environment   This lack of alignment costs oil & gas enterpri-
                            facilitates continuous operations because any   ses tens of millions of dollars annually. By using a
                            unforeseen electrical or process disturbance is   cloud-based approached to implement a unified
                            handled in real-time. System convergence facilita-  supply chain management solution linked to out-
                            tes interoperability which is an important aspect of   side oil and gas marketplace conditions, collabora-
                            reaping the benefits of digitalization. Interoperability   tion can be enabled across the entire supply chain
                            is required to capture nearly 40% - and in some   to help traders, planners, and schedulers make
                            cases, 60% - of the total potential of IoT [7].  reliable decisions, manage risks, and increase pro-
                            In addition to streamlining operations, convergen-  fitability. Visualization dashboards make accurate,
                            ce enhances efficiency at the design, engineering   up-to-date information available.
                            and construction phases of projects. For example,
                            multi-disciplinary software tools enable engineers   Business benefit derived
                            to better perform the various mechanical, electrical   By linking the information sourced through analytics



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