The Total Economic Impact Of GE Digital Asset Performance Management For Oil And Gas Operations
Oil and gas operations are large-scale in terms of the volume of assets involved and the global expanse of their operations. The commonality of merger and acquisition activity and the various affiliate partnerships that round out the space further complicate the asset landscape. Oil and gas organizations must surmount these obstacles to harness their collective asset monitoring and maintenance data, and inform processes and strategies that improve asset efficiency and reliability, by:
- Shifting away from reactive, time-based maintenance to predictive, optimized maintenance cycles
- Improving maintenance and operational efficiencies
- Reducing planned and unplanned downtime
GE Digital commissioned Forrester Consulting to conduct a Total Economic Impact™ study to examine the quantifiable benefits organizations are realizing through Asset Performance Management. The study found that for a composite organization, based on interviewed customers, the ROI was 292% in five years. The study also details the results of business cases where GE Digital has been linked to increased ROI, productivity and reliability.
Join GE Digital’s VP of Product Management, Steve Deskevich and guest speakers from Forrester as they walk through the details of Forrester’s research methodology for TEI and Forrester’s research findings on Thursday, September 22 at 10am ET.
In this webinar, we’ll cover the economic impact customers have experienced using GE Digital for Asset Performance Management, including:
- 10% reduction in unplanned downtime by Year 5
- 10-26 weeks on average of asset lifetime extension starting in year 2 through year 5
- $2.6M cost savings from reduced software total cost of ownership over Five Years
Webinar Presenters
Steve Deskevich
VP Digital Product Management Power Generation and Oil & Gas
GE Digital
Steve has over 37 years of experience in the industrial sector, including 28 years at a major utility in the US and several years in a software product management leadership role including five year within GE Digital. He has served in roles spanning reliability engineering, technology strategy development/execution and technology product management in areas of asset management, operations management and reliability management.
Casey Sirotnak
Senior Consultant
Forrester
Casey Sirotnak is a senior consultant for the Total Economic Impact™ practice at Forrester. In this role, she has worked with a number of technology clients to demonstrate and justify the business return on investment (ROI) and value of technology investments, based on the costs, benefits, flexibility, and risk associated with specific investments.
Webinar Partner
