Energy Industry Solutions
Energy Industry solutions that transform how companies manage, process, share and gain insights from their engineering and asset-related content
Energy industry challenges
The rise of renewables
The use of renewable energy (e.g. solar, wind) is about to undergo a dramatic acceleration due to developments in battery technology and the reduced cost of technology. This will significantly affect the Oil and Gas (fossil) industry and the electrical utility markets, slowing down the demand for their products.
The great crew change
Downsizing has been both cyclical and harsh and deprived the industry of some of its smartest veteran talent while scaring away new recruits. Younger employees expect less traditional workplaces, incorporating more collaboration and flexible working locations with the use of the latest technology.
With the price of oil dropping, operational excellence has become a key initiative over the past five years, dedicating organizations to keeping operational costs low and implementing new technology to optimize asset production. With the vast amount of data generated from their operating assets, Energy companies are challenged with managing and analyzing this data for maximum business benefit.
Focus on the customer
The Utility sector, in particular electricity supply, is undergoing radical change across the globe. The disruption of new and local sources of energy, such as solar, and the introduction of competition through deregulation, are causing Utility companies to focus on how they support and communicate with their existing customers.
Energy industry solutions
OpenText™ solutions for the Energy industry are built on a portfolio of Enterprise Information Management (EIM) products and services designed to improve information governance, increase Energy compliance, optimize business processes and drive innovation, insights and profitability.
Energy solutions benefits
Create a foundation for operational effectiveness with a single authoritative asset vault
Efficiently manage the creation, review and approval of regulated asset documentation. Ensure the integrity of the as-built data in conjunction with effective management of change functionality.
Unify processes across domains, divisions and external partners
Break down information silos, unify processes and share relevant information with team members in a collaborative environment that spans the enterprise as well as alliance partners, suppliers, contractors and consultants.
Leverage data for meaningful insight
Augment traditional data management and data analytics with AI-powered analytics. Energy organizations can gain actionable insights that translate into more effective operational decisions and predictive maintenance schedules for improved operations and reduced plant downtime.
Improve customer relationships
Develop omnichannel communication strategies and deliverables to provide customers with a more modern and informative experience from monthly bill statements and customer servicing to general customer marketing.
Balance supply and demand
Understand customer demand patterns using smart meter and IOT platform data to meet the maximum and minimum power demands, reducing overall power generation and operating costs.
Why OpenText for Energy?
Market leader for ECM in Energy
Hundreds of Energy companies across the globe, including 19 of the world’s top 20 Oil companies, use OpenText technology for Capital Project Management, Asset Operations and Maintenance, Big Data Analytics and AI, corporate functions and more.
Fully integrated solution suite
OpenText is the only company that provides a fully integrated suite of Energy industry solutions designed to manage engineering content, from Capital Project creation through handover and commissioning to asset operations and maintenance management integration.
Extending content to key business systems
OpenText understands the need for users to work in their primary business applications, while being able to find and access the correct content. Using Extended ECM, OpenText integrates with other main Energy Industry applications, such as, SAP PM, SuccessFactors, Maximo, ARC GIS, etc.
Customer success stories
Energy companies achieve operational excellence through digital transformation
Contact us to speak with a member of the Energy team
- Aging assets stand in the way of operational excellence
- Roy Hill uses OpenText to unearth productivity improvement
- Why drones are revolutionizing asset inspection in oil and gas
- AI-powered analytics to drive operational excellence for oil and gas
- AI and analytics has the power to change upstream oil and gas