Realizing the Net-Zero Dream for the Energy Industry: Embarking on a Data-Driven Journey Towards Sustainability

Global Warming! Climate Change! …Industrialization!

These frightening terms are part of today’s reality and are increasing at an alarming rate. As a result of the global industrial revolution and population explosion, the carbon footprint is increasing, contributing to global warming and climate change. 

One of the world’s most pressing challenges is reducing carbon footprint, and every energy company is looking for ways to reduce greenhouse gas emissions. Net-zero is still a dream as many strive for carbon-neutral approaches. Recently Google announced that it aims to operate on 24X7 carbon-free energy by 2030. “Solving climate change is humanity’s next big moonshot. But unlike the moon landing — there is a clear deadline for action and severe consequences if we fail.,” said Sundar Pichai, CEO of Google.

The new Pew Research Center survey of 10,237 U.S. adults conducted from Jan. 24 to 30, 2022, finds that 69% of U.S. adults prioritize developing alternative energy sources, such as wind and solar, over expanding oil production, coal, and natural gas. The same share(69%) favors the U.S. becoming carbon neutral by 2050, a major component of President Biden’s climate and energy policy agenda.

According to EEI data, in 2020 alone, nearly 28 gigawatts of renewable technologies went online in the United States.

The oil and gas industry is one of the major contributors to carbon emissions. Understanding the need for climate action, they are adapting operations and technologies that fit into the net-zero world. Energy companies are turning to clean and renewable energy sources to become carbon neutral and eventually attain their net-zero dream. 

Take a look at how the Energy industry is striving to become carbon neutral.

From Carbon Neutral to Net Zero

The energy industry is all set to participate in the net-zero world movement. They are making new investments in digital innovations and developing technologies to meet this dream. They are also making efforts to go carbon neutral by minimizing the use of non-renewable energy and adopting renewable energy sources such as solar, wind, geothermal, hydro, tidal, and biomass.

A few weeks ago, we had a conversation with an executive from British Petroleum (BP) during a live webinar hosted by EDM Council and learned about their plans to decarbonize and diversify their business. The company focuses on reducing oil and gas production and lowering emissions while keeping up cash flow by growing bioenergy. Additionally, they are investing in low carbon energy and scaling up their solar and offshore wind energy developments. They aim to be net-zero by 2050 or sooner.

This has led to a need for developing efficient methods and tools for managing the energy generated. To drive this net-zero dream, BP invests its resources heavily in digital technologies and the cloud that effortlessly bridges the gap.

Their mantra is- Think Cloudy, where they aspire to accelerate their co-innovation efforts focusing on – digital solutions, the continued use of cloud-based solutions for BP’s infrastructure, and the use of renewable energy to help the cloud providers meet their renewable energy targets.

They have partnered with Azure and other service providers to drive this movement. Here’s a sneak peek into how the cloud is helping attain this dream. 

Note: Interested in hassle-free Microsoft Azure data migration? Check out the Azure File Migration Program – a collaboration between Microsoft and Data Dynamics. Enterprise can accelerate their cloud adoption journey with petabyte-scale automated migrations into Azure at zero cost to the customers.

Cloudifying ENERGY: The Data-Driven Way

The Energy industry typically generates 10TBs of data daily from its thousands of disparate sensors planted across various locations. The data from these sensors need to be interpreted in real-time to optimize field production. But often, this data is in silos, unstructured, and unknown. This data management discrepancy adds to unnecessary cost, time, and resources. Analyzing personnel, equipment, operational performance, weather, geological, and other data helps interpret and optimize field production in real-time.

But, moving to the cloud to attain net-zero emissions is not enough for these new-age digital oilfields; they need a granular understanding of enterprise data. This knowledge will help them get into their data ecosystem’s depths, classify, analyze, and use it effectively.

Managing and migrating data to the cloud can be made easier with a unified data-driven approach. The following best practices will help an energy company accelerate its journey to the cloud and achieve its overall objective of a greener tomorrow:

  1. Understanding Data: Knowing in and out about data generated – its source, time, destination, type of data, and more, can help with easy categorization and search.
  2. Structure Unstructured Data: Understanding data will help structure the data, which can help unlock data-driven insights, secure data, ensure compliance & governance, and drive hybrid cloud data management.
  3. Reimagine Cloud Migration: Move away from a traditional lift-and-shift method which adds to the cost, time, and storage space, to data-driven migration for extracting maximum value and insights from the generated data.
  4. Select Right Tools: Data management tools often come as a point solution and need heavy communication integration, which adds complexities. Look for a unified and comprehensive solution for all data management needs.

At Data Dynamics, we help organizations structure their unstructured data with our Unified Unstructured Data Management Platform. The Platform encompasses four modules- Data Analytics, Mobility, Security, and Compliance. Proven in over 26 Fortune 100 organizations, the Platform uses a blend of automation, AI, ML, and blockchain technologies and scales to meet the requirements of global enterprise workloads. With Data Dynamics, enterprise customers can eliminate the use of individual point solutions with siloed data views. Instead, they can utilize a single software platform to structure their unstructured data, unlock data-driven insights, secure data, ensure compliance and governance and drive cloud data management. We abide by our vision is to help enterprises achieve data democratization so that users, no matter their technical background, can instantly access, understand, and derive maximum insights from unstructured data sprawls.

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