IBM and AWS to Support Oil & Gas Industry Energy Transition
Nov 15, 2021 By MarketDepth
IBM (NYSE: IBM) and Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. (NASDAQ: AMZN) company have reported at the ADIPEC Exhibition and Conference that they will combine the benefits of its IBM Open Data for Industries for IBM Cloud Pak for Data and the AWS Cloud to serve energy customers. This collaboration will accelerate reduction of data barriers in the industry. IBM Open Data for Industries will utilize OSDU data foundation for the oil, gas and energy industry. IBM Open Data for Industries is fully integrated with IBM Cloud Pak for Data for easy data management, built on Red Hat OpenShift o that companies can run and operate applications universally. “Much of the data needed to solve the complex energy challenges, such as superior subsurface decisions, already exists, yet is untapped. This is because one of the greatest values of that data is derived when it can be effectively combined, but usually this data is locked by data residency requirements, legacy applications or proprietary data formats,” said Bill Vass, vice president, engineering, AWS. “By collaborating with IBM and leveraging Red Hat OpenShift, we will be able to offer customers a global, seamless offering with the flexibility to run on virtually any IT infrastructure and drive longer-term digital innovation.”
“Data is a critical asset to help fuel energy transition, yet too often energy companies must choose between running applications on-premises or in the cloud, and often each deployment uses a proprietary data format. This means that rather than using all of that collective data to gather insights, augment operations and inform innovation, some of it was going unused. Our collaboration with Amazon Web Services is addressing the need to make it easier for energy customers to access their data and provides the industry with a flexible solution to meet the challenges of today, as well as more easily adapt as the industry evolves.”
Manish Chawla, global managing director, energy, resources and manufacturing, IBM
