NEW YORK and MELBOURNE,
Australia, May 27, 2015
/PRNewswire/ -- IBM (NYSE: IBM) and Woodside today announced
they will use IBM Watson as part of the oil and gas company's next
steps in data science.
The cognitive computing system will be trained by Woodside
engineers, enabling users to surface evidence-weighted insights
from large volumes of unstructured and historical data contained in
project reports in seconds.
Watson is part of Woodside's strategy to use predictive data
science to leverage more than 30 years of collective knowledge and
experience as a leading liquefied natural gas operator, to maintain
a strong competitive advantage.
Allowing a broad population of employees to leverage this
knowledge will enhance Woodside's collective expertise in
designing, fabricating and constructing major oil and gas
facilities as well as managing major turnarounds.
Delivered via the cloud, the cognitive advisory service -
'Lesson Learned' – scales the knowledge of engineers making
insights and information quickly accessible to a wide group, with
the potential to lead to faster resolutions, improved process flow
and operational outcomes. Lesson Learned will enable
Woodside's engineering teams to ask complex questions in natural
language.
Woodside Senior vice president
strategy, science and technology Shaun
Gregory said data science is the essential next chapter in
knowledge management, enabling the company to unlock collective
intelligence.
"We are bringing a new toolkit to the company in the form of
evidence based predictive data science that will bring down costs
and increase efficiencies across our organization," Gregory
said.
"Data science, underpinned by an exponentially increasing volume
and variety of data and the rapidly decreasing cost of computing,
is likely to be a major disruptive technology in our industry over
the next decade.
"Our plan is to turn all of this data into a predictive tool
where every part of our organization will be able to make decisions
based on informed and accurate insights."
"Here in Australia IBM Watson
is transforming how banks, universities, government and now oil and
gas companies capitalize on data, helping them discover completely
new insights and deliver new value," said Kerry Purcell, managing director, IBM Australia
and New Zealand.
"In any area where knowledge professionals are working with an
ever-increasing volume of data, Watson is fundamentally changing
how these organizations operate, make decisions, drive growth and
gain competitive advantage."
About Woodside
Woodside is an Australian oil and gas
company with a global presence, recognized for its world-class
capabilities – as an explorer, a developer, a producer and a
supplier.
Woodside's producing LNG assets in the north-west of
Australia are among the world's
best facilities.
Woodside's proven track record and distinctive capabilities are
underpinned by 60 years of experience, including more than 30
years' experience as operator of the landmark Australian project,
the North West Shelf.
The company's exploration portfolio includes emerging and
frontier provinces in Australia
and the Asia-Pacific region, the
Atlantic margins and Latin America
and Sub-Saharan Africa.
Woodside holds significant equity interests in high-quality
development opportunities in Western
Australia, Canada and
Timor-Leste.
IBM Watson: Pioneering a New Era of Computing
Watson
is the first commercially available cognitive computing capability
representing a new era in computing. The system, delivered through
the cloud, analyses high volumes of data, understands complex
questions posed in natural language, and proposes evidence-based
answers. Watson continuously learns, gaining in value and knowledge
over time, from previous interactions. With the help of Watson,
developers and partners are building apps and services that harness
the power of cognitive computing to transform industries, help
professionals do their jobs better, and solve important
challenges.
IBM continues to build on its strengths in cognitive computing,
analytics, security and cloud with IBM Watson Health and the Watson
Health Cloud platform. This unit is helping improve the ability of
doctors, researchers, health plans and individuals to innovate by
surfacing new insights from the massive amounts of personal health
data being created daily.
For more information on IBM Watson, visit: ibm.com/Watson and
ibm.com/press/watson
Join the conversation at #ibmwatson. Follow Watson on Facebook
and see Watson on YouTube and Flickr.
Contacts
Fiona Doherty,
IBM External Relations
Tel: (914) 945-2319
Email: fhdohert@us.ibm.com
Sandra McMullan, IBM External
Relations A/NZ
Mobile: + 61 416 049 409
Email: smullan@au1.ibm.com
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SOURCE IBM