A new big data platform likened to Google for the global oil and gas supply chain, has arrived.
The brainchild of Steven Calder and the team at Glasgow-based Streamba, VOR brings together real time data from multiple logistics, procurement, manufacturing and inventory systems, unifying it in one place to deliver the power of global collective intelligence.
It helps companies save time and money by letting them track vessels, machinery and equipment with speed, insight and accuracy.
VOR, the goddess of wisdom in Norse mythology, can find a needle in a haystack.
Even something as small as a laptop stashed away in a container in the middle of the North Sea is traceable, without so much as a serial number.
Mr Calder, Managing Director, Streamba said of his team’s creation: “We looked at technology coming out of Silicon Valley − the same sort of software used by Amazon, Google and Microsoft − and asked whether we could apply that to oil and gas. It is big data technology, massively scalable number crunching stuff.”
VOR gives you more than just the location of a piece of equipment. It also tells you where it’s coming from, where it’s going and where it should be. This combined with the ability to actively track certification dates and alert users when re-certification is required makes it an essential tool in any service companies or operators arsenal.
In one fell swoop, the days of gear going missing or over hire are over, saving companies time and money.
Furthermore, VOR’s collective intelligence can advise users on the quickest and cheapest way to transport a piece of equipment safely. Using Google’s machine learning technology, VOR can track by purchase order, which reduces the possibility of missed payments going unnoticed.
At the click of a button, it calculates the cost saving and provides an exact figure.
Logistics firm Peterson − which invested in Streamba in 2014, recognising VOR’s potential − has been trialling VOR with clients for the past eight months and the feedback has been extremely positive.
Mr Calder added: “We want to drive the industry to becoming 10 times more efficient and effective, we believe you can only do this by harnessing the power of data.
“VOR is about finding the best person or company to facilitate what you want to do. It gives you smarter options to choose from and tells you how much money you could save by doing things a better way.
“We’re here to vastly improve things, we can’t let the industry to continue to do the same old thing and fall further behind other industries. It’s almost 2017 and we’re at an incredibly exciting time with the application of machine learning powered by big data technology in our daily lives – so we’re bringing that technology into the oil & gas supply chain to help with today’s difficult challenges.”
Streamba has recently opened a satellite office in Aberdeen to provide a focal point for its growing market. For more information on VOR or to book a demo you can visit www.streamba.net or email at firstname.lastname@example.org