Software platform brings time to value benefits to oil and gas industry

Source:Bit Stew Systems

MIx Core helps oil and gas companies gain real-time intelligence across complex environments by automating and managing the data ingestion and the rapid integration of massive industrial deployments with ease.

Bit Stew Systems, a leader in Software Defined Operations for the Industrial Internet, today announces that its MIx Core™ platform is gaining market traction in the oil and gas industry helping companies solve the data integration challenge at scale.

Purpose-Built Software for the Industrial Internet  
MIx Core helps oil and gas companies gain real-time intelligence across complex environments by automating and managing the data ingestion and the rapid integration of massive industrial deployments with ease. The MIx Core platform is solving the data integration challenge in the oil and gas industry by correlating sensor, geospatial, and work order data. This provides a semantic understanding for real-time risk analysis of equipment based on current and historic asset performance.

"With deep experience in rapidly ingesting the massive volumes of data within the utility sector, we have learned how to effectively purpose-build data-enabled applications for many other industries, like oil and gas, that are currently relying on outdated processes in a struggle to gain the operational insights that our technology can quickly deliver," says Kevin Collins, CEO and Founder at Bit Stew Systems. "With our MIx Core platform, we can optimize the deployment, insights and eventually, the automation of industrial processes in real-time to ensure organizations are achieving optimal productivity from their ongoing investment in industrial sensors and operational intelligence programs."

Industry Proof Points
For example, Bit Stew's MIx Core platform modeled, mapped, indexed and correlated an oil and gas data set in less than five hours compared to six man months that relied on traditional approaches such as data historians, data mapping technologies, and open-source data stores. Examples like this demonstrate the time to value benefit that Bit Stew is bringing to the oil and gas industry. MIx Core has simplified and accelerated the data modeling, mapping and indexing across complex and disparate data sources allowing the application to predictively identify likely equipment breakdown, automatically scheduling preemptive maintenance and, as a result, avoids costly downtime for an oil and gas operation.

Partnering with GE to Disrupt Traditional Approaches to Data Integration
At GE Minds + Machines, Bit Stew announces a new pilot program that integrates Bit Stew's MIx Core platform with a GE oil and gas software solution.

"With our trusted partners like GE, we are disrupting traditional approaches for integrating industrial data leading to time to value benefit never seen before in the Industrial Internet," said Alex Clark, Chief Software Architect and Founder. "Instead of relying on software technologies and data architectural models unsuited for the massive scale of data streaming from industrial systems, we have created an industrial data library platform that scales to the data volumes found with Industrial Internet use cases and that rapidly dissolves the challenges of data integration."

"We are only beginning to explore the immediate benefits that businesses are able to realize quickly by harmonizing Bit Stew's technology with GE's Industrial Internet capabilities for the oil and gas market," said Ashley Haynes-Gaspar, GM, Software & Services at GE Measurement & Control. "With partners like Bit Stew, data integration will be a challenge of the past, allowing our customer engagements to go from what was weeks and months – to days. With their MIx Core platform immediately collecting and collating data, GE can focus on upgrading the findings, insights, and applications that deliver better outcomes for our customers."

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