Digital Transformation Archives

How Zero Trust Creates More Trust in ETRM System Security by Tracy Teague

POSTED BY capSpire ON August 13, 2021 IN Blog, Digital Transformation, E/CTRM, White Paper

Overview Remote work appears to be a permanent feature of the modern, post-COVID workplace, with many employees working 100% remote and others working on a hybrid schedule. Given the wide adoption of remote working and the inherent flaws of virtual private networks (VPNs), employees need a safer, more secure means of accessing their employer’s systems …

Data and Culture Change by Richard Payne

POSTED BY capSpire ON February 10, 2021 IN Blog, Digital Transformation

Technology has historically impacted society in discrete waves. Digital has assumed such significance because this is the first time that a number of technology waves (cloud, IoT, AI, etc) have broken simultaneously and at a price point that makes enormous functionality and processing power available relatively cheaply. In commodity assets, many producers have been at …

capSpire Officially Launches a Digital Practice

POSTED BY capSpire ON March 18, 2020 IN Blog, Digital Transformation, News

Leveraging our years of experience in the energy and commodities industries, advanced technical capabilities, and our expertise in digital technologies, capSpire’s new digital practice will better assist clients as they digitize critical functions and processes within their organizations. Our services in this area span all aspects of technology delivery and design, including digital transformation, business …

How to Simplify Demand Forecasting Using Time Series Analysis

POSTED BY Bernard Wehbe ON January 10, 2020 IN Analytics, Blog, Digital Transformation

If you’re a retailer in the commodities industry, demand forecasting is critical for understanding how much product to purchase wholesale to keep inventory at optimal levels and avoid losing money. But successfully managing data from multiple sources and leveraging it so that you have the most accurate demand forecast can be challenging. You’re probably wondering: How …

The Physical Internet’s Application to the Commodities Value Chain

POSTED BY Thomas Hunt ON September 23, 2019 IN Analytics, Blog, Digital Transformation

If you’ve traveled on an interstate highway lately and have had the experience of being boxed in by semi-trailers and blinded by the spray these big rigs produce, you can probably relate to the common feeling that there are far too many of these trucks on the roads and that there must be a better …

A Solution for Inefficient Transport in the Oilfield: Uber for Crude Trucks

POSTED BY Thomas Hunt ON August 19, 2019 IN Blog, Digital Transformation, E/CTRM, Featured Resource, Optimization

It’s one of the most common challenges in the oilfield: inefficient transportation of trucks that carry crude oil, sand, and produced water to and from the wellsite. Not only are these transportation costs high, but on average these trucks travel empty 50% of the time. It all adds up to a price that can significantly …

Machine Learning Saves Millions By Predicting Crude-Hauler Rejects: Part 2

POSTED BY Thomas Hunt ON August 13, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM

In the first post of this series about crude oil load rejections, we discussed the extent of the problem, its estimated cost to producers and first purchasers, and how rejections can be predicted. These were the highlights: In our sample, first purchasers rejected 2.6% of crude oil loads because of high BS&W. The cost of …

How Data Analytics Transformed the NBA and Can Do the Same for the Energy Industry

POSTED BY Thomas Hunt ON July 16, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM, Featured Resource, Uncategorized

After the NBA finals, during which the Toronto Raptors won their first-ever championship, NPR released a podcast about the impact that data analytics had on the game. The following is capSpire’s spin on this topic and its implications for the energy industry. A New Rule The three-point shot was introduced to the NBA in 1979 …

8 Highlights from the 9th Annual OPIS NGL Summit 2019

POSTED BY Thomas Hunt ON March 6, 2019 IN Blog, Digital Transformation, Featured Resource, Optimization

Recently, hundreds of professionals in the natural gas liquids (NGL) industry gathered at the OPIS NGL Summit in Phoenix, Arizona. This is the annual conference that brings together the majority of the industry in one place to set up contracts, network, and attend educational sessions. From these presentations and conversations with attendees emerged distinct themes …

Cloud-Based Enterprise Information Repository and Analytics Solution Redefined How a RightAngle User Derives Insights

POSTED BY Divvayya Kakarla ON January 17, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM, RightAngle

A large refined-products retailer in the midstream space experienced a problem that could sound familiar to many other industry players: its existing risk-reporting procedures were largely manual and spreadsheet-driven. Generally, spreadsheets make handling and configuring large volumes of data difficult. But spreadsheets also lack the tools necessary to efficiently analyze daily position and P&L data, …