NEWS + BLOG

Jun 22, 2018

The new guys at Data Driven Drilling & Production

It was pleasure to take part in the Technology Showcase and Shark Tank Investor Panel session at the Data Driven Production conference in Houston earlier this month. It felt good to be in a room packed full of fellow data geeks, talking about the tech transforming an industry that’s starting to feel positive again. One that’s starting to feel like it’s ready to be a pioneer again.

I took to the stage with three other companies, who had also been identified as game changers in the sector, to present our technology and to articulate its impact to the industry. Other solutions presented came from Bentley, Ondiflo and Tachyus.

Judging by the tone of the discussions at the conference and the intensity of the questions from the Shark Tank Investor Panel, our tech has come along at just the right time. With people like Amazon’s Bill Vass on the Shark Tank Investor Panel, it’s clear that the oil and gas industry wants to be data-centric at every turn. I also really enjoyed hearing from Sebastian Gass from Chevron during the welcome address, who emphasized the responsibility we have to use the data that we have to the absolute greatest extent.

I presented our tech to the 500 or so participants, and talked about some industry use cases with supermajors like Shell. If you’re not familiar with what we do I’d be happy to tell you about it, and you can see the presentation here. But the important thing is we’re the new guys, the ones with the next generation technology that no one else has.

If you were of working age in the early 80’s, you may remember a young, upstart consulting and software company by the name of Microsoft, that at the time had three employees. They were hired by IBM to investigate why IBM DOS had become so slow within just two releases. The upstarts from Microsoft spent about two months gathering data, and came back to IBM with their findings. They found about a million and a half too many lines of code in IBM’s software, and advised them to remove it. IBM happily obliged and sent them into the software group to get the job done. About four months later, the Microsoft team told IBM they couldn’t help, because every time they tried to remove a batch of code they were told ‘that’s Bob’s code’, or ‘that’s Jim’s code’ and so on, and while none of them knew what the code did, they were sure it was important. And that is when Microsoft DOS was born, and the rest is history.

Akselos is a technology disrupter that has heard those same arguments – and doesn’t buy them. Like Microsoft DOS compared to IBM DOS, our tech is better, faster and more cost effective than what came before. And with over 100 research papers on the subject, we have academic backing to support that claim.

I’d like to thank Ben Moss, Dominic Grocott and team for having me at the conference. Those guys really know how to curate a meaningful event.

This post was originally published by Stephen McNany, Akselos’ VP of Sales, on Linkedin.

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Akselos S.A.
EPFL Innovation Park, Building D
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Akselos SA
EPFL Innovation Park, Building D
1015 Lausanne
Switzerland
T: +41.21.693.8721
E: [email protected]
Akselos, Inc
210 Broadway, #201,
Cambridge MA, 02139, USA
T: +1.617.588.0100
E: [email protected]

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