Aimsio Blog

Using Vendor Data as an Asset

Upstream oil and gas companies rely on data to shed light on what can’t be seen. Details about a formation, bit location, flow, composition — producers know just how valuable this information is and what it can contribute to future projects. However, without adding...

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Your 2019 Roadmap to Success: 6 Places to find direction

Looking back at 2018, many companies are comparing projects or jobs, trying to understand what defined the winners and the losers. Cost, profit and margins are undoubtedly pillars when it comes to KPIs, but once you have those numbers, what’s the next step? Where...

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Combating the Sunk Cost Fallacy: When to abandon old tech

Sunk costs. Like the Titanic, except without any loot. Costs that have either already been incurred or cannot be changed are sunk costs. Rent, fuel, gym memberships - the money spent on these expenses can’t be recouped, no matter how you proceed. If a project or...

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How to Overcome 3 Software Implementation Hurdles

There can be multiple hurdles between choosing a software and successfully implementing one. And the hurdles look different depending on where you’re at in the process. Between buy-in and roll-out, a lot can happen, so let’s take a look at how to address three...

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How to Increase Profits by Reducing Days to Invoice

Cash. The most basic success metric for any kind of business. Stakeholders often focus on profits to measure success, but for recession-tempered oil and gas service companies, cash flow is king. In volatile commodity markets, effective survival strategies are built...

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Is a Cloud-based App Right for Your Business?

Remember CD-ROMs? How about installation procedures that should have started with, “Do you have 6 hours for this?”, and frequent new versions that produced compatibility nightmares. Thankfully, technology is always moving toward efficiencies. At the personal...

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Produced Water: Turning a liability into an asset

Image courtesy of F&T Water Solutions The trade off The newest, most efficient methods of oil and gas extraction require more water than conventional drilling. Fracking for oil and shale gas, along with SAGD to recover bitumen, have allowed operators to access...

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AI for Business: Is it right for your organization?

Artificial intelligence has found its way into daily life. From Siri and Google Maps, to smart home virtual assistants and cars that parallel-park themselves, AI is available to consumers who want help doing hard things, faster. Considering the popularity and...

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