Bringing software innovation and data integrity to the industry

At its core, asset55 is asoftware engineering technology company, bringing together highly experienced industry engineers combined with leading software developers to drive real and positive change within the energy sector. Aligned across two divisions, Operations & Projects, we enable change through a portfolio of execution specific software, which share two common traits – improving safety and improving productivity to our clients.

Established in 2012, asset55 has grown organically to become a leading and trusted provider of SaaS technology to the wider Energy market whilst maintaining clear objectives to support our customers on critical operations to ensure we go above and beyond expectations on delivery and execution of our services.

At asset55, we foster a culture of ‘incremental innovation,’ where all employees are encouraged to innovate and bring new ideas to the table. Innovation has been instrumental in the development of our four leading software with our industry-experienced engineersunderstanding existing problems in the industryand working with our software developers to find anefficient and digitalised solution.

One of the major problems encountered in our industry is the issue of data management. Even the smallest of discrepancies in data can cause detriment to data integrity and in turn, project performance.Major capital projects produce significant volumes of data and a lack of integrated engineering suites leads to reliance on manual processes, significantly increasing the likelihood of data quality issues. The poor data quality and its consequent impact on project performance is often not identified until commissioning and handover. This was a common occurrenceexhibited withexisting customers on our capital projects software, Execute - which relies on quality data.

So what did we do? We developed the best data validation tool in the industry.

Our ‘Validate’ softwarecreates real-time line of sight of engineering maturity and highlights data inconsistencies, errors and quality risks before they can impact project performance. In succession, our customers reduceschedule, decrease costsand increase productivity and efficiency. Validate provides a true integrated data system ensuring confidence, compliance and consistency of data throughout the project lifecycle.

A real example of the power of Validate? As of August 2022,Validate has been implemented on a project of a major Norwegian operator. In 18+ months, Validate has completed over 3.5 billion validation checks, encountering a staggering 1.2 million findings. As of April 2024, 1.1 millionof these finding have been resolved. Validatehas ensured that the operating asset can realise its digital initiatives with reduced cost and increased efficiency, with high quality asset metadata.

One thing they say is for sure,‘Data is King’and our Validate software has certainly become its Kingdom.

Read the latest issue of the OGV Energy magazine HERE