Page 16: of Marine Technology Magazine (June 2020)

Column

Renewables every job or development. Real-time renewable energy demand. externally for these answers. analytics enable service providers to Historically, offshore energy projects supply customers with the constant data have been hindered by organizations

Finding the Right Approach that facilitates more informed decision- having to recruit and train individuals

The energy sector is facing some making and forecasting. to successfully manage often compli- vast challenges. As it works to juggle

Critically, such insight requires both cated projects. This pressure is particu- ongoing issues such as project and data the service provider and the customer to larly heightened where projects have to management, along with the wild card have the digital infrastructure in place, navigate complex local regulatory and of COVID-19 and its economic impact, heightening the requirement for innova- legal requirements, or are taking place the market must not become blinkered tion to continue, rather than stall. in diffcult environmental operating in its response.

Growing data utilisation reveals that conditions.

The right blend of human capital the costs of gathering this intelligence Service providers will continue to fll and data insights will take on new can be outweighed by the effciency and this gap. Indeed, it could be argued that prominence. While every operator and operational benefts it brings, setting project management capabilities and service provider wishes they have a a challenge for every service provider market knowledge will be the defning crystal ball to foresee the future of the to move in tandem, as data gains new factors of success both for providers, market, we can instead build a robust prominence as an operational resource. and the projects they work on, in the and resilient approach that will allow coming years. us to be proactive.

Increasingly, contracts now stipulate

As service providers take on new roles

Human Capital in a requirement for greater levels of in the market, we must remember that the Spotlight knowledge sharing – at times including change is a constant for this sector.

By its very nature, the offshore the outright secondment and embed-

Finding the right approach to navigate economy has seen vast swathes of ding of experienced staff in a custom- the challenges is a diffcult task, but not talent leave the sector as demand ebbs er’s operations. As the offshore sector unsurmountable. The same values that and fows. Sadly, the current econom- adjust to the new balance of oil & gas made for success in the last ten years ics will accelerate this trend further, and renewables projects, the knowledge will make for success in the next de- leaving the market in an interesting needed to manage the transition will cade: collaboration, strong partnership position, particularly if we believe have to come from somewhere. More and fexibility.

that there will be a continued uptick in than ever, operators will be looking

Federico Rostagno/AdobeStock June 2020 16

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