Oil, Gas and Energy industries always have demand-to-production ratio more than 1; and this ratio is growing like never before. Also, production of these resources involves analysis of large amount of highly technical data from various automated systems spread across different phases of production. The thin border of safety margin requires constant monitoring of critical operation parameters with up-to-date information. Even under circumstances of natural calamities affecting production and supply, and higher levels of risk from antisocial elements like wars and terrorism, the demand for oil, gas and energy has never changed. The key to smooth and safe operations in this sector is a system that is scalable enough to be responsive to its users like customers, employees and suppliers with capability to handle risks and vulnerability. This demands for a strategic approach that coordinates security policies with business operations.

ElegantJ BI provides several business intelligence benefits to Oil, Gas & Energy Industry.

Business Intelligence Advantages

• Single structure to cater intelligent information requirements providing holistic view of operations with integration of data from various departments and systems.
• Complete business intelligence source for exploration metrics, infrastructure management, project supervision, financial analyses, supply chain management, field data integration and master data management.
• Workflow automation with single view of consistent corporate information for better regulatory compliance initiatives.
• Compare production with industry standards like price, delivery schedules and quality.
• Spot out extraordinary performing units/fields/ wells.
• Get hold of operational and financial variances and communicate business performance measurements across the organisation with personalised business intelligence reporting.
• Consolidate data from core business applications like accounting, production, reserves, etc., and perform analysis for volumes and revenue.
• Realize the consequences of variation in production volumes on financial metrics, distributions channels and the balance sheet.

Moreover, with ElegantJ BI balanced scorecard implementation organizations across all industries can achieve continuous improvement through Key Performance Indicators (KPIs) or Key Performance Metrics enabled process performance monitoring against the set targets - KPI for Oil, Gas & Energy, KPI for Retail, KPI for Manufacturing, KPI for Pharmaceuticals, KPI for Healthcare, KPI for Hospitality & Entertainment, KPI for Life Science, KPI for Shipping, KPI for Transportation & Travel, KPI for Banking, KPI for Finance Services, KPI for Insurance, KPI for Utilities, KPI for Telecom, KPI for Education, KPI for Consumer Packaged Goods and KPI for Government & Public Sectors.