Australian oil and gas firm Woodside will deploy IBM’s Watson-as-a-Service in order to improve operations and employee training, the companies announced this week.
The energy firm plans to use the cloud-based cognitive compute service to help train engineers and operations specialists on fabricating and managing oil and gas infrastructure and facilities.
The company said the cognitive advisory service it plans to use, ‘Lessons Learned’, will help improve operational processes and outcomes and include over thirty years of collective knowledge and experience operating oil and gas assets.
Woodside Senior vice president strategy, science and technology Shaun Gregory said the move is a part of a broader strategy to use data more intelligently at the firm.
“We are bringing a new toolkit to the company in the form of evidence based predictive data science that will bring down costs and increase efficiencies across our organization,” Gregory said.
“Data science, underpinned by an exponentially increasing volume and variety of data and the rapidly decreasing cost of computing, is likely to be a major disruptive technology in our industry over the next decade. Our plan is to turn all of this data into a predictive tool where every part of our organisation will be able to make decisions based on informed and accurate insights.”
Kerry Purcell, managing director, IBM Australia and New Zealand said: “Here in Australia IBM Watson is transforming how banks, universities, government and now oil and gas companies capitalise on data, helping them discover completely new insights and deliver new value.”