Real-Time Decision Synchronization for Process Industries
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Solution Overview
Problem
Process industries such as Oil & Gas Upstream and Fossil Fueled Power generation face operational risks due to lack of timely decision synchronization across siloed information systems, leading to production disruptions, increased costs, and opportunity losses.
Innovation Solution
RETINA, a distributed real-time decision synchronization system using AI, statistical methods, and evolutionary algorithms to model and predict operational risks, providing prescriptive analytics and adaptive decision-making capabilities across multiple data sources, enabling proactive risk mitigation.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If data is kept in siloed information systems (production systems, control systems, quality assurance systems, asset maintenance systems, ERP), then each system can maintain its specific function and data integrity, but timely decision synchronization across systems is lost, leading to operational risks and production disruptions
Solution Approach 1:
The patent merges previously siloed information systems (production, control, quality assurance, asset maintenance, ERP) into an integrated system that enables real-time data exchange and decision synchronization across all business areas, eliminating information loss while maintaining data integrity through unified architecture
Solution Approach 2:
The system creates a universal platform that handles multiple functions simultaneously - data collection, validation, modeling, risk prediction, and decision synchronization across diverse systems (production, control, quality, maintenance, ERP), allowing one system to serve multiple previously separate functions
2Productivity
If real-time data processing and decision synchronization are implemented across all systems, then operational risks are reduced and productivity improves, but system complexity and computational requirements increase significantly
Solution Approach 1:
The system segments the complex decision synchronization process into distinct functional modules: data collection, data validation, data modeling, risk prediction, and decision synchronization. Each module handles specific tasks independently, reducing overall system complexity while enabling real-time processing across all systems
Solution Approach 2:
The patent introduces an intermediary decision synchronization system that mediates between previously siloed systems, handling the complex computational tasks of data integration, validation, and coordination, thereby reducing the complexity burden on individual operational systems while maintaining high productivity
3Measurement precision
If comprehensive data collection and validation from multiple sources is performed, then risk prediction accuracy improves, but data processing time and computational resources increase
Solution Approach 1:
The system performs preliminary data validation and modeling during the data collection phase, preparing and pre-processing data from multiple sources before formal analysis. This preliminary action ensures data quality and reduces processing time during critical risk prediction phases, maintaining high accuracy without excessive delays
Data Source
AI summary
This invention that provides system, method & apparatus for Real Time integration and Analytics (RETINA) to enable proactive decision synchronization in real time in order to minimize the operational risk and maximize the process productivity for process industries such as Oil & Gas Exploration and Fossil fuel power plants is disclosed. RETINA generates and synchronizes the decisions that affect the performance and profitability of business operations in real time and helps in analysis that are essential for any successful business operations. RETINA provides methods and apparatus that combines data from several types of data sources, build models for identifying impending failures, predicting a future state of the process from currently measured process data and provide decision options to business users so that any unwanted opportunity loss such as downtimes or critical equipment failures that are operations risks would be eliminated. RETINA provides methods and apparatus to ensure that correct decisions are taken at the appropriate instant of time with right amount of data to the pertinent personnel to eliminate inefficiencies in operations and performance resulting in tangible profitability.