10/17/2022
Conventionally the process of analysis and calculation for industries using the SCADA goes as field workers collects the data points for a particular time period and that collected data is sent to engineers for calculation and analysis. The major drawback is it puts the burden of calculation on the clients, Causing them huge investments due to labor costs, operational time, and loss in that period. This type of analysis takes a certain time period of data, which is likely to change every time giving uncertainty of calculations and analysis done. Therefore making the process of analysis is to be repeated in time intervals. This system fails to provide real-time analysis.
How SOTA X works? What makes it different?
The real-time operational data such as the flow of the gas and oil, tank level sensor output, etc. are being processed by this AI and Ml models to give a better operation analysis for example tank inventory, total productions, total amount sold, etc. system incorporates real-time oil and gas pricing, making it an intuitive way of real-time financial correlation and presentation which help managers to see how much they made, how much cost they incurred, etc. Therefore making the process of calculations automated, saves a lot of operational time and costs for the clients.
One of our clients was manually managing oil tanks of 5000 barrels/day, which opened the door for purchasers to pay them inaccurately as manual reports are not defensible. The COO's office assumed it would not be more than 3% but once Sotaog started to automate it, the firm realized it was closer to a 7% leak in cashflow payments, which account for a $146M annual cashflow asset. Sotaog closed the gap and increased revenue from accurate sales by close to $10.2M per year just from automated analysis of Oil sales, there are several more ERP solutions that drive Operational excellence.
https://www.sotaog.com/