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
CEO:
Tony Hayward, Group Chief Executive
Headquarters:
London
Industry:
Mining/Oil/Gas
Revenue (2007):
$284.0 billion
Website:
www.bp.com
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