Leveraging the power of the EY and Microsoft alliance
In the face of many industry challenges, oil and gas companies are working hard to improve their operations so they can keep pace with volatile oil prices and evolving energy demand. With the EY DEEP offering from the EY and Microsoft alliance, oil and gas companies gain an innovative offering that enables them to digitally transform their upstream operations more quickly with less risk so they’re positioned to survive and thrive in the energy sector of tomorrow.
Learn more about EY Digital Energy Enablement Platform.
Accelerating innovation and digital transformation in upstream operations
For oil and gas, the industry dynamic has shifted from one of resource scarcity to abundance. Competition from alternative fuels and increased energy efficiency are combining to affect demand. The softening of demand growth is putting pressure on returns and costs and creating the imperative to improve efficiency through digitalizing oil and gas operations.
EY has teamed with Microsoft to build a scalable offering that supports cloud-based offerings to improve core oil and gas operational processes. Microsoft Dynamics’ customizable, integrated EY Digital Energy Enablement Platform (EY DEEP) provides a single source of centralized data that enables complex engineering calculations, scenario and contingency planning, and integrated inventory management throughout the well design life cycle.
This digitally enabled platform supports cloud-based offerings to improve the exploration and production of oil and gas. The offering is an integrated enterprise platform built on Microsoft technology with Dynamics 365 Power Platform at the core. EY DEEP integrated the Microsoft Azure Cloud, O365, Power BI, SharePoint, third-party engineering tools and SAP/inventory systems to digitally enhance upstream workflows and processes.
EY DEEP benefits:
- Utilizes Microsoft's cloud technologies, including Microsoft Power Platform, Microsoft Dynamics 365, Microsoft Azure, and Microsoft Office 365
- Provides a common data model that ensures data integrity across multiple user interfaces, improving end user confidence in a single source of truth
- Leverages Microsoft platform technology that provides a foundation for future digital offerings such as Artificial Intelligence, Machine Learning, Predictive Analysis and more
- Delivers an open platform for ongoing innovation, extensions and third-party application integration providing a customizable offering that gives the control back to operators, removing the reliance and constraints of business partner platforms and their associated tools
- Digitalizes standard and custom analyses of complex processes enabling faster and more iterative engineering designs and scenario/contingency planning