Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the oil and gas industry. This time, you get to discover 5 hand-picked oil & gas supply chain management startups.
Global Startup Heat Map: 5 Top Oil & Gas Supply Chain Management Startups
The 5 supply chain management startups you will explore below are chosen based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. This analysis is based on the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 1.3 million startups & scaleups globally.
The Global Startup Heat Map below highlights the 5 oil & gas supply chain management startups & scaleups our Innovation Researchers curated for this report. Moreover, you get insights into regions that observe a high startup activity and the global geographic distribution of the 157 companies we analyzed for this specific topic.
Pivvot enables Route Optimization
Route optimization is essential in the midstream oil and gas industry as it cuts costs while transporting fuel. Optimization of transport routes using AI-based predictive algorithms and location intelligence helps supply chain engineers streamline various processes. Further, optimization decreases the route and load planning time and increases efficiency as well as minimizes the process of logistics.
Pivvot is a US-based startup offering a cloud-based platform to optimize routes for the pipeline industry. Pivvot’s pipeline routing software gives a comprehensive assessment of the natural gas prospects, routes and reduces pipeline project risks. The software also helps the crew on the field and the office staff to collaborate on the platform to ensure the expedition of pipeline projects with higher safety.
TEB Solutions provides Autonomous Supervision Solutions
The oil & gas industry is implementing digitization and automation of processes to reduce labor-intensive tasks. Moreover, oil & gas operators use digital supervision tools including remote monitoring, digital twins, and virtual tours to monitor their assets. Technologies to automate O&G processes, including digital supervision of downhole and pipeline operations, improve the quality of decision-making.
TEB Solutions is an Indian startup that offers a cloud-native autonomous digital supervisor – Pulzy Oil & Gas – for downstream distributors. The startup offers AI-controlled cloud robotics for automating digital supervision of routes, demand, equipment, and employees for enabling optimal delivery. The solution also monitors deviations and appropriately alerts oil & gas managers to help them reduce the cost and complexity of operations.
NFC Group develops an Asset Tracking Solution
Asset tracking for oil & gas distributors is essential to connect all their assets, pipelines, and equipment with administrators and operators. Using the internet of things (IoT) sensors, network systems, and supervisory control and data acquisition (SCADA) systems, pipeline engineers track their assets in real-time. Further, recent industry innovations such as active, passive, and semi-passive radio-frequency identification (RFID) readers, tags, and systems improve asset tracking. This then helps engineers make real-time decisions to enhance asset performance and improve overall safety.
British startup NFC Group offers end-to-end oil & gas asset tracking technology through their proprietary Orion Data Network. The network utilizes RFID tags and global positioning system (GPS) data for asset tracking, network security, and data management systems. The solution further improves transparency by tracking all critical assets in real-time. Engineers utilize the solution for improving decision-making about processes and operational efficiencies.
Data Gumbo builds Smart Contract Networks
Smart contacts are being used in the oil & gas industry, especially for maintaining supply and trade contracts. Smart contracts leverage Blockchain technology to maintain digital ledgers of the transactions. Such contracts offer greater data security, interoperability, immutability, and transparency and help transform oil & gas industry supply chains. This also allows for the digitization of crude oil transactions.
Data Gumbo is a Norway-based scaleup offering smart contract solutions for oil & gas supply chain networks. The startup’s GumboNet utilizes interconnected industrial blockchain technology to convert specific data into an encrypted distributed ledger. The startup further offers volume-based subscription services. Using the solution, oil & gas businesses maintain stronger relationships across the supply chain. This then increases operational efficiencies, transactional certainty, accountability, and transparency, in addition to reducing costs.
Zyfra provides Production & Shipping Planning Software
The oil & gas industry requires accurate pre-planning and scheduling of crude oil and fuel to manage their supply chains. To this end, production and shipping planning software reduces the time required and costs involved in managing supply. Startups build AI and machine learning (ML) algorithms to automate supply chain management for oil & gas companies.
Finnish startup Zyfra implements industrial digital solutions for the oil and gas industry through its proprietary cloud-based IIoT platform. The startup’s IIoT products for upstream oil & gas include their production and shipping planning software – Zyfra PSP. The platform integrates production & logistic operations and Industry 4.0 technologies. Zyfra PSP further ensures oil companies perform processes in real-time, helping field operators improve efficiency and decision-making using forecasts and process automation.
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