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Saudi Aramco: Company General Use Bashir Dabbousi Director of Technology Strategy & Planning, Saudi Aramco

Bashir Dabbousi - Innovation Week 2019 1... · Corporate Venturing . ... IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and

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Page 1: Bashir Dabbousi - Innovation Week 2019 1... · Corporate Venturing . ... IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and

Saudi Aramco: Company General Use

Bashir DabbousiDirector of Technology Strategy & Planning, Saudi Aramco

Page 2: Bashir Dabbousi - Innovation Week 2019 1... · Corporate Venturing . ... IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and

Saudi Aramco: Company General Use

Corporate Venturing in Digital TransformationAccelerating Technology Adoption at Saudi Aramco

Presenter
Presentation Notes
Good Morning Ladies & Gentlemen, Its my pleasure to give you an overview on how Saudi Aramco ventures in the digital transformation space. I will keep my overview brief, but will touch on all the important aspects that Iam sure you will find informative. <click>
Page 3: Bashir Dabbousi - Innovation Week 2019 1... · Corporate Venturing . ... IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and

3

Venturing in Digital

27/10/2014Copyright note text (8pt)

Presenter
Presentation Notes
I would like to start by showing you the trends that we are seeing when it comes to venturing in industrial revolution 4 technologies; the type and volume of deals. <click>
Page 4: Bashir Dabbousi - Innovation Week 2019 1... · Corporate Venturing . ... IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and

4

Saudi Aramco: Company General Use

IR 4.0 Technologies Deals Trends

0

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eals

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Blockchain

Amount Invested Number of Deals

Presenter
Presentation Notes
IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and Cloud. All of which are very active areas for investing. As of Dec. 2018, $7B was invested in startups that develop Artificial Intelligence technologies, with the number of deals reaching 700 deals. Robotics reached $3B in investments, while Internet of Things had an estimated $1.2B in investments. Blockchain saw a significant increase in the number of deals and the amount of dollars invested in the past few years, reaching $300M of investments, that number increased in 2019. <click>
Page 5: Bashir Dabbousi - Innovation Week 2019 1... · Corporate Venturing . ... IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and

5

Saudi Aramco: Company General Use

The O&G Tech StackOver 45 startups are transforming theO&G value chain

DrillingInfo$209MMAI and analytics for improved exploration

Wireless Seismic $83MMSeismic data acquisition system utilizing wireless technology

WellAware$61MMCapture data from production equipment and delivered to managers on mobile apps

Oxane Materials $156MMFluid to enhance fracking

Maana$192MMData Analytics and digital knowledge for better decision makingHalfwave

Inspection tools for O&G industry

Sharper ShapeDrone Inspection technologies

Presenter
Presentation Notes
More specific to Oil and Gas industry. We can see that there are successful technology startups in downstream, midstream, upstream and exploration. We have as Saudi Aramco invested in some of these as well. Will show you those in a minute as part of our digital portfolio. We have seen many startups specialize in IR4 technologies and serving the oil and gas vertical as well. <click>
Page 6: Bashir Dabbousi - Innovation Week 2019 1... · Corporate Venturing . ... IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and

6

Saudi Aramco: Company General Use

Artificial Intelligence Ecosystem

Presenter
Presentation Notes
I would like to show you the Artificial intelligence venturing space as an example. You can see that it spans over many industry verticals, from agriculture, to retail, to finance, to energy, to healthcare plus many more. At least 4 of these startups have achieved $1B valuations. This should give you an idea on how crowded these technology investing spaces are, and the breadth of how many industries it covers. <click>
Page 7: Bashir Dabbousi - Innovation Week 2019 1... · Corporate Venturing . ... IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and

7

Saudi Aramco Venturing

27/10/2014Copyright note text (8pt)

Presenter
Presentation Notes
Next, I will give you an overview of Saudi Aramco specific venturing process in digital transformation. <click>
Page 8: Bashir Dabbousi - Innovation Week 2019 1... · Corporate Venturing . ... IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and

Saudi Aramco: Confidential

Venturing Process

Tech. Identification

Company Evaluation

Negotiation & Term Sheet

Funding POC & Pilots Training Roll Out Multi-site

deployment

Investing

Focus Area/Use-

Case

Internal Market Analysis, startup financials & Tech.

Evaluating Opportunities Deployment

Non-production

Testing

Develop SMEs

Scale up

Negotiate Terms

CompleteInvestment

Deploy to multi-sites

Pilot success, deploy

Commercial & Technical Evaluation

Dig

ital

Tra

nsfo

rmat

ion

Opp

ortu

niti

esIn

vest

men

t Pr

oces

s

8

Transformation Starts Transformation Realization

SAEVSAEV Managing the Deal Business Unit Leading the Deployment

Business Unit

Presenter
Presentation Notes
Saudi Aramco venturing objective is To Invest in global start-up companies of strategic importance to Saudi Aramco to accelerate the deployment of the digital transformation program. So how do we do venturing for technologies at Saudi Aramco and how do we help digital transformation? The process starts by identifying opportunities in the digital transformation space, we quickly conduct a screening along with the business unit, if there is an interest we move forward for a more thorough evaluation for both technical and commercial aspects. Once the startup clears and we agree on initial terms we move forward with the investment where Saudi Aramco energy ventures submits a term sheet to the startup. Once the term sheet is accepted, we make the investment. The process of transformation starts after the investment, specifically once we close the investment and the business unit at Saudi Aramco starts piloting the technology with an objective to test then deploy. Once a technology deploys successfully, we target to scale it up across many businesses at Aramco. This process is executed jointly with the operations, it spans over few weeks to few months. <click>
Page 9: Bashir Dabbousi - Innovation Week 2019 1... · Corporate Venturing . ... IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and

Saudi Aramco: Confidential

Digital Value Chain (DT) Program Focus Areas

Sensors & Connectivity

Robotics & Connected

Devices

Edge Computing

Cloud Computing

Descriptive Analytics

Predictive Analytics

Prescriptive Analytics

Intelligent Insights and

Actions

Data Ingestion and Processing

Basic infrastructure

Advanced data collection

Data Feeds/Streams Analytics

Traditional data analytics

Machine learning (ML)

Artificial Intelligence (AI)

Digitize Analyze Optimize

Distributed processing at

periphery

Robust Security and Protection Across Digital Value Chain (Cyber Security) Quantum Computing

Large scale data processing and

ingestion

Proactive decision making

Computational intelligence

Information Optimization

Smar

t Ci

ty

Smar

t Pl

ant

Robo

tics

AR/V

R/M

o

Bloc

kcha

in

Clou

d

E. A

naly

tics

Ope

rati

onal

An

alyt

ics

Dig

ital

Tra

nsfo

rmat

ion

Focu

s Ar

eas

Dig

ital

Info

rmat

ion

Valu

e Ch

ain

9

Cybe

rsec

urit

y

Presenter
Presentation Notes
Specific to Digital transformation, Saudi Aramco has developed focus areas where we would like to venture and invest. The strategy is to venture in those areas that are part of Saudi Aramco’s digital transformation program, as well as squarely fall in the digital information value chain. Data generators such as smart city and smart plants, Data ingestion and processing such as Cloud, blockchain, Robotics, and AR (Augmented reality)/VR (virtual reality) Data analytics such as Operational and enterprise analytics and AI. We have also given special attention to cybersecurity as we believe its an integral part to digital transformation of any organization. <click>
Page 10: Bashir Dabbousi - Innovation Week 2019 1... · Corporate Venturing . ... IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and

Saudi Aramco: Confidential

Digital Portfolio

Focus Areas

Cybersecurity

Analytics & AI

Blockchain

Robotics/UAVs

Mobility

Investment

Presenter
Presentation Notes
Our digital portfolio include companies in various IR4 tracks In AI, we have invested in startups like MAANA, earth sciences, SeeQ. In Blockchain, we have invested in Data Gumbo, and VAKT In Cybersecurity, we have invested in Xage and Capsule8. If you need more details about each of these companies, please reach out to our venturing Arm at Saudi Aramco, SAEV, Saudi Aramco energy ventures. <click>
Page 11: Bashir Dabbousi - Innovation Week 2019 1... · Corporate Venturing . ... IR4 technologies include Internet of things, 3D Printing, Robotics, Blockchain, Artificial Intelligence, and

Saudi Aramco: Company General Use

Thank you

Presenter
Presentation Notes
With that, I conclude my presentation. Thank you <click>