2008
2008 Winner Profile
BP
- Project Description: BP deployed a system to monitor the condition of its equipment using an algorithm it developed to predict weeks or months in advance any problems that might occur. By conducting planned rather than emergency maintenance, BP is able to ensure that the right relevant parts are available at its production facilities, significantly reducing repair times and maximizing revenue.
- Project type: Predictive Analytics
- Business Functions: Asset Management/Maintenance
- Business Goal: Operational
- CIO: $model.cio100.cioFirstName Darukhanavala, VP & CTO
- CEO: Tony Hayward, Group Chief Executive
- Headquarters: London
- Industry: Mining/Oil/Gas
- Revenue (2007): $284 billion
- Website: www.bp.com
