Operations
Intelligently connect the right content to the right business process at the right time for frictionless decisions and task execution
Overview
OpenText™ solutions for Operations automate processes for greater operational agility, faster decisions and increased profits.
Key trends
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With most plant maintenance departments operating at only 20% to 30% wrench time efficiency, teams are looking to cloud based automation to improve efficiency.[1]
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With no way to track or trace them, 10% of pallets are lost each year, seeing costs of $8.9 billion globally.[2]
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Attracting and digitally enabling the next generation is a top priority as more than 45% of the Energy industry’s personnel are tenured, with most retiring in five to seven years.[3]
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Experts forecast a 900% increase in cloud spending for the Oil and Gas Industry by 2030 to reduce operating costs and overheads, enhance safety and reduce CO2 emissions.[4]
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Remote working continues to be the norm with 40.7 million Americans predicted to work remotely by 2025, a 102% percent increase from pre-pandemic levels.[5]
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Organizations are looking to the cloud to reduce the 80% of Energy sector employees’ time spent looking through unstructured information to get work done.[6]
What makes OpenText different
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Single content source
Consolidate and connect critical content to give operations teams the information they need to quickly make informed decisions and get the job done right the first time.
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Integrated governance and control
Intelligently integrate compliant content management, security, agility and resilience into all operational processes, such as design to operate, order-to-cash and procure-to-pay.
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Asset tracking and performance
Monitor the performance and location of tracked assets to optimize maintenance planning and production uptime.
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IoT and digital twins
Collect and analyze asset performance data at scale to improve asset utilization and maximize Overall Equipment Effectiveness.
How can we help?
Footnotes
Footnotes
- [1] Ravande, Unplanned Downtime Costs More Than You Think, 2022
- [2] IoT Technology that Solves the Problem of Losing Logistics Pallets, 2021
- [3] Deloitte Study: The Future of Work in Oil, Gas and Chemicals, 2020
- [4] Oil Sector to Spend $16B by 2030 on Cloud, Analytics, 2020
- [5] Future Workforce Report 2021: How Remote Work is Changing Businesses Forever, 2021
- [6] Walker, A., Oil and Gas Has a Problem With Unstructured Data, 2019