State-owned oil company Abu Dhabi National Oil Company(Adnoc) has revealed that its Panorama digital command centre generated over $1 billion in business value.
Panorama digital command centre is a key part of Adnoc’s ongoing strategic investment in digitalisation and artificial intelligence (AI).
The project will help Adnoc increase efficiency, optimise performance, and respond to complex market dynamics with agility and speed.
Abdul Nasser Al Mughairbi, Senior Vice President, Digital at Adnoc told the media, “The importance of embedding digital technology in businesses has never been greater and Adnoc’s continuous investment in digital transformation over the last three years allows us to be more resilient, agile and responsive in navigating today’s market landscape. Our Panorama Digital Command Centre acts as our ‘eyes on the ground’ and enables speed, accessibility, and integration across our operations – key attributes that are required to make smart business decisions.”
“We believe in being forward-thinking in our digital investments at Adnoc, and are committed to leading the way with our digital transformation efforts to drive further value. We continue to responsibly advance projects for the next phase of our digital journey, including expanding our AI solutions, rolling out new blockchain applications, and enhancing our digital modeling capabilities.”
Developed in 2018 by Schneider Electric, Panorama digital command centre enables Adnoc to collect data in real-time across the company’s 14 specialist subsidiary and joint venture companies. The platform uses smart analytical models, AI, and big data to generate operational insights and recommendations for the company.
Adnoc has also revealed that Panorama has proved to be useful in dealing with the current coronavirus pandemic.