Sword Venture and Target Energy Solutions have signed a partnership agreement to deliver their technology and services as a combined offer in the areas of data foundations, data management and business consultancy on digital transformation solutions.
The two companies will combine their market-leading services and technology to deliver next generation trusted data platforms to the Oil and Gas industry that offers data integration and insights, reducing costs and value through better informed decision for its clients. This offer will include leading-edge loading automation, Google-like search and data science techniques to reduce manual overhead from a client and service delivery perspective and significantly improve data quality, accessibility, performance and regulatory compliance.
Gareth Smith, Head of Consulting with Sword Venture said; “We’ve been working with Target for some time to explore opportunities to leverage and integrate our mutual capabilities. We are both developing new technologies and approaches to tackling the data and information challenge all our customers face on a day-to-day basis. We feel the combination of Target’s MEERA Trusted-Data platform and our data science and analytics-led services provide a potential step-change. There’s never been a better time to unlock the value of data in Oil and Gas and address the very real challenges we face around supporting energy transition, improving operational efficiency and managing risk.”
Matthias Hartung, President Digital Transformation with Target Energy Solutions added; “More than ever, our industry is demanding data foundation and management capability to enable cost control, adoption of digital technologies in pace and scale, and insights to address current economic, environmental and social-acceptance challenges. Finding and getting trusted data to any end-user app requires data foundation technology and domain-competent services which is what the partnership of Sword and Target can jointly bring. We look forward to working our new partnership with Sword to meet market demand.”