|Source: Data Harmonix Corporation|
Data Harmonix Corporation of Houston, Texas announced today the formation and launch of a new Energy Services Tech (EST) company operating under the same name.
Energy Services Tech, a description coined by Data Harmonix, is a disruptive new type of organization in the $150B+ global energy services market. ESTs represent a fundamental shift whereby digital technologies such as IoT, analytics, deep machine learning, and mobility are integrated with standard energy services equipment and corresponding field service at inception – instantly creating an opportunity for energy industry operators to achieve more efficient, data-driven energy services, wholesale-level pricing, and autonomy vis-à-vis their vendors.
The formation and launch of a pure-digital, EST company like Data Harmonix is made possible by mobile, IoT and analytics technologies (or “MIoTA”, as Data Harmonix refers to it). The opportunities, and risks, are compounded by the “lower for longer” commodity price environment, driving oil and gas operators in particular to upgrade to fully-digital operations and digital-native energy service company vendors as soon as possible.
Wade Bennett, founder of Data Harmonix, was previously the co-founder and CEO of Enbase, a leading cloud-based oil and gas automation and technology company recently acquired by Detechtion Technologies.
“Data Harmonix is focused on three key things: building a world-class technology team and fully-integrated MIoTA technology platform, engineering the highest-value energy service offerings, and raising capital to scale up quickly,” said Bennett. “We are on a fast track to release our first wave of products and services. Operators can expect our focus to be trained on energy service offerings that most significantly and positively impact their CAPEX and LOE.”