Devon Energy is a Fortune 500 oil and natural gas exploration and production company. In 2008, the combination of technical breakthroughs in directional drilling and hydraulic fracturing technologies, started a wave of transformation and disruption that continues today. In fact, the sound of shale fracturing sent shockwaves around the world by completely overturning the oil and gas supply and demand dynamics.
With permanent and fundamental disruption of the market, Devon recognised that the only way to create competitive advantage was through aggressive implementation of technology. Ben will share Devon’s experience with artificial intelligence, drones, IOT and other technologies they believe will give them competitive advantage.
Given the steep competition for margin in the Oil & Gas industry, Devon have re-thought their entire approach for investing in their business and in developing their people.
What did the Komatsu AHS say to the Loader? Who knows. But they now coordinate better than The Australian Ballet or a Wallabies scrum. Imagine a time when systems are no longer inhibited by imperfect data, human error, or resistance to change. When people do what they do best – and partner with machines for the rest.
Imagine no longer. The future is now.
Recent advances in Artificial Intelligence, Machine Learning, Blockchain, and Human-In-The-Loop (HITL) systems are fundamentally changing every aspect of asset management – and far faster than anyone thought would be possible even a few years ago.
Regarded as one of the world’s leading experts in Applied Artificial Intelligence, Cognitive Computing and IoT Analytics, JT will kick off Mainstream with a provocative conversation about how these technologies will fundamentally change Asset Management. JT served as Chief Data Scientist for Samsung and Chief Data Officer for Time Inc. He’s also hunted terrorists for U.S. Intelligence Agencies and led social media analysis for the 2012 Obama Campaign.
Get a leap on the competition – and get ready for a whirlwind tour of the ways in which humans and tech will increasingly partner as we usher in Industry 4.0.
It’s not enough for asset management to address the tactical elements associated with managing the reliability of production assets over their lifecycle. In this thought provoking session, Drew will discuss assets from the perspective of strategy and how to achieve competitive advantage utilising the Hayes and Wheelwright model of operational excellence.
Drew will start with how the traditional roles of asset management – design, operations and maintenance – affect success. But then he’ll dive into other functional activities – sales and marketing, supply chain, HES, HR, financial planning and management, mergers & acquisitions – to discuss the many ways they affect asset productivity and the organisation’s ability to create a competitive advantage – and maximise return on net assets (RONA).
Drew Troyer has 25 years of practical experience as a reliability engineer and an asset management thought leader. An advisor to hundreds of blue chip clients, Drew brings a wealth of experience and creativity to organisations to enable them to increase the productivity, safety and environmental performance of their engineered assets, while simultaneously reducing the cost of ownership. Drew holds the Certified Reliability Engineer (CRE), Certified Maintenance & Reliability Professional (CMRP) and MBA qualifications. He is also deeply passionate about land conservation and preserving our natural resources for future generations.
Ever wondered whether it’s possible to attract industry-best employees; keep them the longest; and get the best output from the rest of your people?
Paddy Upton is a world-leading expert in human performance. His work is disruptive and despite two masters’ degrees and a decade of research into traditional performance, Paddy became accustomed to “That’s interesting but it won’t work”.
But in 2009 his out-of-the-box leadership approach got the attention of a struggling Indian cricket team. In 2010 his coaching propelled the Indian team to become World Test Cricket Champions and to win the 2011 ICC World Cup. Soon afterwards Paddy helped the South African Cricket Team become the first team ever to simultaneously hold the World No. 1 ranking in all three formats of the game. Sports leadership experts began to take notice, elevating Paddy to being recognised as one of the most innovative human performance coaches in the sporting world.
In this fascinating talk, Paddy discusses how to create an extraordinary and enduring culture in your team or organisation:
Paddy weaves leadership insights from his work in International cricket, including coaching the Sydney Thunder to win the 2016 Big Bash League in 2016, and leading the Rajasthan Royals (Indian Premier League) from the bottom of the log to 2nd place in a 10-week season. He has four university degrees, is a Professor of Practice at Deakin University (Melbourne) and has worked as a mind coach to Olympic athletes from 11 different sports.
The BlueScope Ore Preparation Plant was established in the 1940s and has lived its entire life enveloped in sea salt, iron ore and coke – far from ideal for longevity! In 2009 the sinter machine was upgraded to increase capacity by nearly 40%. At that time the total asset spend was over $100m and the maintenance management resource was about 300 people. The plant was already in dire condition. BlueScope had no choice but to adopt a new approach.
One of the driving principles was defect elimination. They had to turn theory into practice behind the slogan: “making leading practice happen.” Now, nearly ten years down the track, BlueScope have reduced asset spend by 50%, reduced maintenance management labour by 80%, and achieved their best uptime performance – and they’ve largely restored plant condition. Despite a long journey with plenty of ups and downs, BlueScope are very excited about the next phase of their maintenance improvement journey. Derek will share how they:
We live in a world that is changing more rapidly than ever before. Whilst digital transformation, machine learning and artificial intelligence are major revolutions that bring major advancements, many of us also feel increasingly overwhelmed.
How can individuals, teams and companies cope in this changing world? What role does empathetic leadership play? What are the insights from neuroscience? Why is everyone talking about mindfulness? Britta will share her experience and advice about the required skills for people to stay relevant in the machine age as well as the tools to foster critical, creative and innovative thinking.
Asset Managers spend a lot of time managing risk. There’s always a chance your multi-million-dollar asset will break, fail or explode. But the bigger risk, for business decision makers, is the risk that nobody will need the asset anymore.
In a world of rapid technological disruption – and an environment where short term plans, growth and profitability are the KPIs for senior management who allocate your budgets – stranded asset risk is more real than ever.
Innovation in asset management must focus not only on technological wizardry, but also on business models used to create value from assets. Integrating your tangible and intangible assets provides great opportunities for growth and helps to reduce the risk of disruption.
Dr Monique Beedles is Principal Strategy Advisor at Teak Yew, a specialist consulting firm in Strategy, Leadership, Governance and Asset Management across mining, manufacturing and processing, healthcare systems, infrastructure and port operations.
Boardrooms of Australian asset-intensive companies are buzzing with these catch phrases. Yet the number of examples of breakout success is heavily outnumbered by the number of failed attempts to see tangible bottom line impacts from a digital strategy.
As with many technology-driven initiatives, it’s easy to mistake implementation of a digital framework as a silver bullet. However, a digital implementation based on the “Build it and they will come” approach rarely delivers results for your business. The most important lesson must be to start at the end. This means understanding exactly how to impact your bottom line by implementing the solution.
This discussion focusses on what WesTrac have learnt over the past five years in mining and construction and how their approach to digital has changed after several attempts at integrating digital solutions into the business.