Maximo Monday blog: Energy Management
Mary Gorczynski 1100006B54 email@example.com | | Tags:  asset-management maximo service-management eam energy tivoli energy-management
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This is a blog posting from Terry Ray, one of Tivoli’s strategists and product management leads focused specifically on IBM Asset Management for the Energy industries. Check out his profile
Over the past four years, I have been focused on Asset Management solutions across all facets of two asset critical industries – Chemicals & Petroleum and Nuclear. Although operationally different, there are many industry/company similarities such as their drive/pursuit for innovation, agility, safety, reliability, knowledge management, and operational excellence.
Since this is my first ‘blog’, I thought that I would start this collaborative exchange with a perspective of the role/importance of corporate assets, from various C-level positions.
As expected, the Chief Executive Officer is focused on corporate sustainability and the CEO worries about how the company’s assets will drive growth, yet avoid enterprise risk. A key performance indicator for the CEO is asset yield. The Chief Financial Officer’s primary objective is performance management from the standpoint of margin improvement and the CFO is responsible for driving the asset investment planning process. The Chief Operating Officer is responsible for asset performance from an operational standpoint. The COO has the broadest view of the asset across its lifecycle – from the acquisition to utilization to disposition. Not only must the COO drive operational excellence, he/she must ensure that the results are reliable, safe and secure.
As we all know, technology plays an important role as assets become more intelligent/smarter. With convergence [blurring of operational technology (OT) with information technology (IT)], the role of the CIO has become more important. The CIO must provide IT systems that align the business with corporate strategy.
The number one objective for Oil & Gas and Nuclear companies is to maintain safe and reliable operations. Other important business objectives that are driving energy companies are: capturing and retaining organizational knowledge, optimizing production and asset performance, achieving integrated operations, and speeding decision making using energy specific KPIs and real-time process performance.
I would like to hear from you regarding your perspective on the role/importance of corporate assets, as well as the top corporate business objectives. During my next blog, I will provide some insight into how IBM’s service/asset management solutions address these objectives in the chemicals & petroleum (oil & gas) industry.
Until next time,
Next week's Maximo Monday blog will focus on Facilities Management.