Beyond Limits Wins Two Awards for Oil & Gas Engineering’s 2021 Product of the Year
14 DECEMBER 2021
LOS ANGELES, CA
ALYSSA COTRINA, BEYOND LIMITS
This year, Beyond Limits was honored by being presented with not just one but two esteemed honors from Oil & Gas Engineering’s 2021 Product of the Year Awards. The Oil & Gas Engineering annual Product of the Year awards program recognizes significant innovation and advancement in technologies and best practices. The Product of the Year program is the premier award for new products in the oil and gas industry. This reader-choice program provides Oil & Gas Engineering’s audience with information about the top new products in their fields.
It was recently announced that Beyond Limits LUMINAI Refinery Advisor took home a silver award while Beyond Limits Lubricant Formulation Advisor captured the bronze award – both selections fell under the ‘Advanced Analytics’ software category. Simply being under consideration for these prestigious awards in the first place is an incredibly significant achievement for any company in the running.
BEYOND LIMITS LUMINAI REFINERY ADVISOR JUST LAUNCHED! TO READ THE EXCITING ANNOUNCEMENT, CHECK IT OUT – HERE.
AI Technology for the Ages
Oil & Gas Engineering granting these two awards speaks to the innovation behind Beyond Limits’ technology, pushing past conventional artificial intelligence with the ability to draw from small, incomplete, or unstructured data sources and provide auditable solutions for highly complex use cases. These awards represent the unparalleled ability for Beyond Limits Cognitive AI advisors to help companies replicate the capabilities of expert decision-makers, through encoded human knowledge, seamlessly guiding more optimal decision-making across entire organizations.
The technology’s accessibility to be largely utilized across a great array of critical scenarios is unsurpassed. With optimization and results-oriented software solutions that can be customized for the complex needs of very specialized clients, the results can be astronomical. In instances where even slightly adjusting process margins can yield millions of dollars in savings, Beyond Limits is becoming well known for building intentional software for some of the highest value assets across the globe – such as oil and gas.
The explainability of Beyond Limits’ products and solutions is another invaluable differentiator. The fact that this artificial intelligence can function within a clearly readable, glass box – as opposed to the more commonplace occurrence of black box AI solutions that do not yield insight into their results or recommendations – is nothing short of uniquely distinguishing. Because of these capabilities, Beyond Limits artificial intelligence advisors are more likely to reach that vital trust factor from the human decision-maker they are intended to assist.
TO LEARN MORE ABOUT AI & THE EXPLAINABILITY FACTOR, READ MORE ABOUT IT HERE.
Silver Award – Advanced Analytics Software: Beyond Limits LUMINAI Refinery Advisor
The oil and gas industry has been experiencing unmatched benefits from implementing Beyond Limits LUMINAI Refinery Advisor. The newly launched product is an exemplary standard for the impression AI can have on sectors with such valuable assets. The cloud-based software utilizes Beyond Limits Cognitive AI to help commercial operating plans carry out more successfully, capturing expert knowledge, reducing production material costs, expanding efficiencies, fast-tracking time to market, and decreasing waste in downstream.
“Our new LUMINAI Refinery Advisor product is specifically designed to take on the toughest challenges facing the energy industry today. Beyond Limits’ industrial-grade AI solutions provide plant operators and R&D organizations with explainable real-time recommendations to optimize operations and improve decision-making speed and accuracy across a broader decision space. These AI-powered extensions are already making a valuable impact, allowing companies to maximize profits and gain a competitive advantage.” -Beyond Limits CEO & Founder, AJ Abdallat, CEO & Founder
Beyond Limits LUMINAI Refinery Advisor enables operators to make refinery plans more consistently successful with a seamless ability to acclimate to constantly shifting constraints. The advisor provides detailed recommendations in real-time using encoded expert engineering, operator knowledge, process conditions, and more. The no-code solution boasts an effortlessly incorporated and affordable application to improve processes in an integrated, digital platform, boosting alignment between planning, engineering, and operations to guarantee all stakeholders have the exact information they require to maintain the most efficient refinery possible.
“In a dynamic and complex manufacturing environment, having real-time insights into current optimization opportunities has proven valuable to our operations team. The rapid deployment of LUMINAI Refinery Advisor site-wide has helped us make quick and ongoing adjustments resulting in improved operating performance over a short period of time.” -bp Whiting Refinery Optimization Superintendent, Maddy Hoyne.
LEARN MORE ABOUT BEYOND LIMITS LUMINAI REFINERY ADVISOR BY CLICKING HERE.
Bronze Award – Advanced Analytics Software: Beyond Limits Lubricant Formulation Advisor
Beyond Limits Lubricant Formulation Advisor is another transformative cloud-hosted AI solution that caught Oil & Gas Engineering’s eye this year. The advisor supports formulators to view their essential historical data in one centralized platform, recommending thousands of cost-optimized blends in minutes and predicting test results, such as engine performance. The enterprise-grade application accelerates lubricant formulation programs while simultaneously making them more precise, helping lower material costs of lubricant blends. The Advisor is designed to be the key that takes lubricant formulation to new levels of digital transformation and competitive advantages.
“It’s truly amazing, what this technology is able to do. By combining numeric and symbolic artificial intelligence, we have developed a tool that has unprecedented flexibility in terms of data type and application area within the general lubrication framework. Overall, more reliable predictions – both in terms of properties and test performance – reduce the risk of failure in later stages and significantly cut down on program time and cost.” -AJ Abdallat
LEARN MORE ABOUT BEYOND LIMITS LUBRICANT FORMULATION BY CLICKING HERE.
Beyond Limits Award-winning AI Exemplifies the Future of Digitalization
Oil & Gas Engineering has made it clear they understand Beyond Limits’ products’ exponential potential to make huge impacts on their industry. These prestigious awards and accolades reflect where the industry is headed. The future of the sector foretells an age of digitalization and AI, putting advanced analytics with innovative solutions such as the LUMINAI Refinery Advisor and Lubricant Formulation advisor in the driver’s seat of a very promising journey indeed.
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