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
Bashir DabbousiDirector of Technology Strategy & Planning, Saudi Aramco
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>
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Venturing in Digital
27/10/2014Copyright note text (8pt)
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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>
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Saudi Aramco: Company General Use
IR 4.0 Technologies Deals Trends
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Presenter
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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>
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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>
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Saudi Aramco: Company General Use
Artificial Intelligence Ecosystem
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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>
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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>
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>
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
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Dig
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Dig
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Info
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Valu
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Presenter
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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>
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>
Saudi Aramco: Company General Use
Thank you
Presenter
Presentation Notes
With that, I conclude my presentation. Thank you <click>
