Energy Industry Solutions

Accelerate digital transformation to help you reduce operating costs, maximize revenue, increase asset efficiency, and ensure safety

Solving the energy sector challenges with digital thread

The energy sector, like any industry, must manage and overcome significant business challenges. PTC is completely aware of the importance that companies in this sector place on digital automation strategies, and we have been in contact with multiple customers to better understand the business pains across the energy sector value chain.

At PTC, we believe that “Digital Transforms Physical.” This transformation is often dictated for reasons of operational efficiency, innovation, and sustainability; therefore, we will frame our paper around these aspects related to the challenges of the energy sector.

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Solutions for energy and resources

The energy industry is facing tremendous pressure to meet minimize costs and maximize asset efficiency, all while ensuring health and safety.

PTC’s approach to digital transformation can help the energy industry to identifying top value drivers and use cases to unlock double digit financial impact for costs and revenue while improving safety.

Ensure asset efficiency

Implement robust asset management and maintenance strategies to reduce non-productive time and reduce capital and operating expenses.  Ensure Asset Efficiency

Optimize asset uptime

Elevate project management by tracking serialized assets and parts across all job locations, optimizing parts usage through progressive planning, and minimizing downtime. Optimize Asset Uptime

Improve safety

Reduce the risk of injuries and lost time incidents using procedural guidance and compliance checkpoints to ensure safety. Improve Safety

Maximize service revenue

Digitally transform intricate workflows to simplify and streamline the quote-to-cash procedure, reducing days to invoice, and improving overall revenue capture efficiency. Maximize Service Revenue

Real-world energy industry results

PTC has a strong history of serving the energy sector. Explore how PTC’s solutions for energy and resources companies are helping businesses reach their business goals.

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Drillmec

Drillmec accelerated issue identification and resolution, improved customer training, and enhanced customer satisfaction.

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Baker Hughes (BGHE)

ServiceMax offers a cloud-first solution, allowing Baker Hughes to utilize the right tools with the right people.

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ENPHASE

Since implementing ServiceMax, Enphase has seen a 30% in O&M cost reduction. Their proactive behavior is saving costs and increasing customer satisfaction.

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YPF

YPF maximized production by reducing unplanned downtime and safety risks with improved communication and data connectivity.

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Caterpillar

Caterpillar ensured equipment uptime for critical mining equipment with remote monitoring solutions.

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Nine Energy Service

Nine Energy Service realized that their paper ticketing and Excel spreadsheet system was in dire need of modernization.

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Trican Well Service Ltd.

Trican Well Service Ltd.’s proprietary ticketing system became cumbersome and obsolete with new processes and technologies in the oil and gas sector.

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More Information

Technologies enabling our solutions for the energy industry

Application lifecycle management

Manage risk and improve safety with full traceability for risk, requirements, validation, and test measurement.

Augmented reality

Use augmented reality work instructions, training, and real-time information to increase productivity, reduce costs, and increase safety.

Computer-aided design

Optimize infrastructure layouts, facilitate precise engineering, accelerate innovation, and reduce costs for sustainable energy production solutions.

Industrial connectivity

Power smart manufacturing initiatives with seamless, secure access to OT data via enterprise industrial connectivity.

Industrial IoT

Bring operational and service data together, providing a wholistic view of well site or pad operations, or trigger maintenance activities based on performance data.

Product lifecycle management

Achieve enterprise data traceability, security, and context across the value chain.

Service lifecycle managment

Ensure assets are performing optimally by implementing a robust maintenance strategy, guaranteeing the right parts are available at the right time, and promising that assets are available.