Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the oil & gas industry. This time, you get to discover 5 hand-picked startups developing manufacturing execution systems.
Global Startup Heat Map highlights 5 Top Manufacturing Execution Systems out of 374
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 374 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 oil & gas startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 369 MES solutions, get in touch.
Noven provides Edge Analytics for Asset Management
Upstream data management is crucial for streamlining production processes and reducing downtimes. This is an integral part of manufacturing execution systems in the oil and gas industry. Startups utilize the Internet of Things (IoT) and data analytics to improve process efficiency through data-driven decision-making. For example, real-time asset monitoring enables operators to constantly track well and pump conditions, helping in timely failure detection.
US-based startup Noven supports labor and asset management using edge computing. The startup’s solutions use proprietary sensors such as ultrasound sensors and tubing pressure sensors to track and capture real-time data. This data is processed using the Industrial IoT Core Engine, which also provides a diagnosis of pump and well health, among others. Noven’s web-based Supervisor Application enables engineers to visualize this data as well as control and monitor equipment remotely. Their computer-aided decisions increase hydrocarbon recovery, as well as reduce electricity consumption and downtime in pumps.
CWL Energy offers End-to-End Asset Management
Enterprise asset management (EAM) consists of an asset registry combined with a computerized maintenance management system (CMMS). Also, geographically distributed assets are connected using geographic information systems (GIS). A GIS-centric asset platform is an effective solution to eliminating conventional data silos in the oil and gas sector. This is why startups develop integrated asset management solutions for MES that eliminate silos formation in enterprises, improving operational transparency and process streamlining.
Canadian startup CWL Energy offers integrated asset management solutions for oil and gas companies. The startup provides operations management, exploration asset management, acquisition, and divestiture support, as well as insolvency support. These solutions help oil and gas manufacturers improve data management and streamline their operations. The startup also provides regulatory compliance management and risk assessment at different levels to ensure assets’ safety and reliability.
CloudPrisma develops a Cloud-based Big Data Analytics Platform
While data silos are responsible for communication disparity across operation and management teams, the lack of flexible monitoring systems also affects decision-making in oil and gas production. For example, if engineers are unable to monitor pumps and well health flexibly, the risks of running into failures are high. This is where cloud-based services efficiently improve the ease of machine and equipment monitoring. Startups develop cloud-based visualization platforms for MES integration and build platform-agnostic monitoring systems for engineers and operators.
Indian startup CloudPrisma specializes in integrating digital systems into the oil and gas value chain. The startup utilizes cloud computing and big data analytics in process optimization to shift from a capital expenditure (CapEx) model to an operational expenditure (OpEx) model. The startup’s cloud computing platform integrates data across the value chain, such as batch, static, and real-time data. Big data analytics work on this data to provide meaningful insights into equipment life-cycle management, seismic data, and drilling processes. This way, CloudPrisma’s solutions enable operation managers and engineers to save time and optimize operations.
Infiswift Technologies builds an AI-driven Data Acquisition Platform
Asset and manufacturing data, as well as enterprise resource planning (ERP) data management, constitute an effective manufacturing execution system. But, as oil and gas operations often include multiple vendors, facilitating data sharing between vendors and project owners is difficult. As a result, improving data transparency in such a system is pivotal in building a robust MES. Startups aid this situation by developing innovative solutions that enhance transparency while ensuring data privacy for both vendors and owner organizations.
US-based startup Infiswift Technologies develops a secure platform to improve legacy systems in production. The startup’s IoT+AI Fabric is a readily deployable platform in the cloud, on-premise, or edge to derive data-driven insights. The company also advances the digital transformation of infrastructure and operations to build Artificial Intelligence-driven applications. In the oil and gas industry, the startup’s solutions collect machine data using IoT and store it in their cloud. The control of the data is set according to the data owner. However, the IoT+AI Fabric provides aggregate anonymous data from different stakeholders, such as equipment manufacturers and drilling companies.
Siteflow develops a Cloud-Based Field Service Management Software
An oil plant’s daily operational efficiency depends on the expertise of production operators and equipment conditions. From carrying out regular site checks to risk assessments, their expertise is essential for efficient project completion. Therefore, site managers and project engineers have to keep transparent and straightforward communication with the operators. That is why startups develop digital solutions to facilitate their communication, saving them time and improving productivity.
French startup Siteflow provides cloud-based management software for complex operations. In oil and gas, Siteflow’s software gathers all the stakeholders’ data on the manufacturing process from engineering and design to completion. The SiteFlow Builder allows engineers and project managers to simplify service operations. Siteflow Mobile is a smartphone app for field operators and site managers to receive and provide instructions. Further, the startup’s software offers real-time data in visual dashboards for project management. Siteflow’s solutions enable stakeholders in manufacturing to improve data flow and practice transparent communication, improving the overall efficiency.
Discover more Oil & Gas Startups
Oil & gas startups such as the examples highlighted in this report focus on cloud computing, 3d modeling, artificial intelligence as well as predictive maintenance. While all of these technologies play a major role in advancing the industry, they only represent the tip of the iceberg. To explore more oil, gas & energy technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Energy Innovation Report to save your time and improve strategic decision-making.