Predicting is the future

Predictive maintenance can reduce costly unplanned downtime by 45pc, according to Lloyd’s Register

Tim Bisley is not the typical employee of Lloyd's Register. The SVP of software is neither an oil and gas nor marine expert; he is a dedicated technologist. Before joining 18 months ago to strategise and build its digital products business, he spent his career creating solutions for leading technology firms including HP and Computer Associates. He is now applying his experience to understanding how technology can replace or enhance arrangements for oil and gas assets. The firm has one shareholder, the non-profit Lloyd’s Register Foundation, which invests in safety initiatives around the world.  How can oil and gas companies benefit from digitalisation?  Bisley: We realised that digitalisatio