In this video:
Key Address by Suresh P. Nambiar, Executive Director, Information Systems, Indian Oil Corporation Ltd
Topic: Future-Ready PSEs: Integrating Legacy Systems with Next-Gen Technologies
Key Highlights:
[1] There is a urgent need for digital transformation in PSEs
[2] Many PSEs have legacy systems which can lead to higher maintenance costs
[3] PSEs can look at cloud computing to improve their agility
[4] AI-powered predictive maintenance can be used to reduce equipment failures
[5] Cloud computing has given IOCL dynamic capability, boosted system reliability and uptime
[6] We use advanced analytics based Digital Twins for performance optimization and have deployed this in various refinery units.