HMEL adopts IBM's Analytics Solution
IBM has announced that HMEL, a joint venture between Hindustan Petroleum Corporation Limited (HPCL) and Mittal Energy Investment Pte Ltd., Singapore, has adopted a new IBM analytics-based solution to transform how the company manages its financial and operations data to boost business performance.
The new IBM solution integrates information from the various components of the MES, enterprise resource planning (ERP), and control systems within the refinery and delivers a consolidated, single view of the data. The new technology will enable HMEL to analyze key corporate business processes, including planned versus actual investments, production, key performance indicators, among others. The system will generate near real-time information for HMEL business executives to use to make more intelligent decisions around optimizing productivity and margins.
Moiz Tankiwala, COO, HMEL said, “As a green-field project, we wanted to leverage the best of technology to ensure world-class operations and efficiency. We needed a solution that would provide us with a centralized view of all our assets for operational management purposes. IBM’s framework, built for our industry, addressed our requirement effectively, with significant plant performance and productivity.”
Vanitha Narayanan, Managing Partner, Global Business Services, IBM India/South Asia said, "This project is a testament to our ongoing collaboration to build smarter solutions across industries in the region. We are proud to be associated with HMEL in helping them build a truly world-class refinery. Amidst complex processes, like in a refinery, use of analytics can transform financial processes and improve operational efficiencies thereby establishing a new standard of excellence in business performance.”
