IIC Journal of Innovation 7th Edition | Page 47

A Practical Framework to Turn IoT Technology Into Operational Capability the ERP solution as well as new systems of differentiation such as the NCR or chatbot. application of the I2OC framework approach can be described at a high level. U SE C ASE I MPLEMENTATION The desired business outcome of the solution is to improve the scheduling of specialized crews, to improve the first-time fix rate, reduce production losses due to regulatory inspection and maintenance downtime and improve the safety of workers. This was the first step in applying the framework (Figure 9, circle 1). Proprietary scheduling algorithms can provide the desired outcomes if accurate data is provided to these algorithms in time (circle 2). By understanding what data these algorithms and business rules required, the An upstream division of a Fortune 10 Oil & Gas company in North America saved $8 million in a period of six months after deployment of this I2OC approach. The savings were calculated during a 6-month review of the project after “go-live.” It also resulted in an 18% reduction in field service trips for a specialized crew. This reduction directly impacted safety which is a key measure of success that is not quantified in monetary terms. Figure 9 - Practical application of the I2OC framework for a Fortune 10 Oil & Gas business team could identify the appropriate sources that would support this (circle 3). The solution was deployed into production within 90 days from the start of the project using the re-usable library and visual design approach of the I2OC framework. The initial estimate for a custom-developed solution exceeded 9 months. Conflicting data from different operational and business data sources made accurate crew scheduling a challenge. Data accuracy, latency and quality is improved by combining near real-time data from operations historians with production and operations systems. This is depicted with the The intellectual property of the solution is proprietary to the company but the - 46 - March 2018