Watch me ‘In Conversation for Innovation’ with Anand Laxshmivarahan R, innovation expert, advance-tech evangelist and currently Chief Digital Officer at Cairn Oil & Gas, Vedanta Limited, illustrate several advance tech initiatives being undertaken in his organization.
Here are a few excerpts from the Interview:
Importance of Digital Roadmap
While most of the organizations have plans to embark on digital transformation and innovation journeys, very few have a clear roadmap and identified priorities.
Here is what Anand mentioned
When we started the journey, we thought about certain quick wins, and this could be analytical models to predict equipment failure, or mobile enabling certain processes. While we started doing that, we also felt it was important to go on a comprehensive digital strategy, and we actually partnered with a consulting company to actually lay-out that roadmap.Anand Laxshmivarahan R, Chief Digital Officer at Cairn Oil & Gas
Industrial Revolution 4.0 the convergence of Information Technology and Operational Technology
Industrial Revolution 4.0 is well defined as digital transformation and Innovation for Industries. Leveraging technologies, such as Artificial Intelligence, Machine Learning, Big Data Analytics, to innovate and accelerate Industrial Systems including Robotics & Internet of Things. Enabling the convergence of Information Technology and Operational Technology, in both physical and well as virtual/digital world.
Anand’s take on IT and OT convergence
I think a lot of our digital innovation comes at the intersection and integration of IT and OT, in terms of the opportunities that we have identified, it covers both the IT and OT landscape.
In terms of OT initiative, we are trying out, things like advanced process control on Artificial lift systems. And that’s predominantly a piece of software and algorithm that sits in the OT domain.Anand Laxshmivarahan R, Chief Digital Officer at Cairn Oil & Gas
Start-ups are Key to Innovation
I strongly believe innovation is crucial for the success of any organization; an ecosystem that does not have start-ups will lack innovation. India is the third-largest start-up ecosystem in the world.
Anand’s view on Start-up and Start-up ecosystem
Start-ups are a big contributor to our ecosystem.
I’ve been a big fan of start-ups all along and I do believe that a lot of niche innovation emerges.
We’ve started working with some of the start-ups in the country and some outside the country as well.
Around mid-July, we did a global Oil & Gas Conference where we brought together operators and a digital ecosystem. We took the opportunity in that forum to sign a Memorandum of Understanding with five different start-ups. I think that was also to show our commitment to ensure that, we’re able to promote the start-up ecosystem and have them contribute to the whole industry.
All of these different start-ups have their own niche innovations.Anand Laxshmivarahan R, Chief Digital Officer at Cairn Oil & Gas
To hear more on these Start-ups watch the video, Anand is talking about their niche innovation in the area of; real-time corrosion monitoring, robotic process automation, and natural language processing.
Virtual Reality and Augmented Reality how Real for Business deployment today
Since then, the technology has been evolving at its pace but remained on the periphery of any business application.
However, in this decade, the availability of allied technologies has evolved, AR and VR for real-life business solutions and Innovation.
Anand’s thoughts on AR/VR
We’ve seen some offerings from start-ups and partners in our health and safety area, for example, if we were to train people on certain safety aspects, earlier, you had to do it really with all the physical, take them to a field and do it, which now you could use virtual reality or augmented reality to do it.
The subsurface domain is another one where some of our partners have come and shown us Virtual Reality Augmented Reality type offerings, which seems interesting, but I think I do believe that it is, from a maturity standpoint, slightly, maybe like a year away or a few years away.Anand Laxshmivarahan R, Chief Digital Officer at Cairn Oil & Gas
Drones: “Where No Man Has Gone Before” – What Real-life business problem do they solve
As AR/VR, Drones or Unmanned Aerial Vehicle (UAV) have been around since the mid-eighteen century, however, with the new India Drone policy announced in 2018 we are experiencing scale deployment for real-life business problems.
Anand talks about their use case.
We have a fairly unique infrastructure in the form of a pipeline between Rajasthan and Gujrat and I think this was late 2017 or early 2018, where we piloted drone surveillance on that pipeline, and building on that success today we are looking at drone surveillance for safety related aspects in our facility.
Also some of the overhead transmission lines, electrical lines that we have, we have had a few issues there where we needed surveillance and again, we are looking at drone based surveillance there.Anand Laxshmivarahan R, Chief Digital Officer at Cairn Oil & Gas
To know more about what business problems Anand is solving using Digital Innovation, and in-depth Oil & Gas Technology insights, do watch the full video, I am sure it will be worth your time.
Keep tuning in for more such ‘In Conversation for Innovation’ stories.