LONDON–(BUSINESS WIRE) – A leading provider of analytical solutions, Quantzig, has announced the completion of its latest digital transformation commitment for an oil and gas company. This success story provides a comprehensive overview of the solutions and analytical methodologies that have helped the client to increase profitability.
Since the fourth industrial revolution, American oil and gas companies have played a crucial role in the economic development of the country. Today, oil and gas companies have the opportunity to improve their margins through the use of advanced oil and gas analysis. After a period of steadily falling crude oil prices and frequent budget and schedule overruns, as well as climate change responsibility and difficulty attracting talent, the oil and gas industry can now resolve the complexities using oil and gas analysis. While digitalization has the potential to act as a key catalyst for business transformations, there are several challenges that American oil and gas companies must overcome to realize their full potential.
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The trade problem: The client is one of the major oil and gas companies in the United States. Operating in the downstream oil and gas industry segment, customer operations revolve around the processing and refining of crude oil. After analyzing their challenges, our oil and gas analysis experts revealed that to unlock the full potential of digital transformation efforts, oil and gas companies must tackle a series of structural and transformational inhibitors, including:
Lack of standardization
Maintenance and insurance
“While digitization has the potential to act as a key catalyst for business transformations, there are several challenges that US oil and gas companies must overcome to realize their full potential.», Explains a quantzig digitization expert.
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The proposed solution: To help the client cope with the complexities, we harnessed the oil and gas analysis and powerful information that combined performance optimization and dynamic simulation capabilities in a single package, allowing them to improve grip decision and results.
Quantzig’s scanning solutions helped the customer to:
45% increase in profit margins
Improving data security
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Quantzig’s scanning solutions have provided predictive information on:
Quantzig is a global analysis and consultancy company with offices in the United States, the United Kingdom, Canada, China and India. For over 15 years, we have been helping our clients around the world with end-to-end data modeling capabilities to leverage analytics for prudent decision-making. Today, our company has more than 120 customers, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal