The scope and scale of People, Ideas & Objects and our
user communities Preliminary Specification is as broad as could possibly be considered. When we move to the Joint Operating Committee as the key organizational construct of the dynamic, innovative, accountable and
profitable producer everything changes. Therefore the Preliminary Specification has had to design solutions for the necessary changes as a result of moving to that organizational construct. Why are we moving to the Joint Operating Committee? To achieve the alignment of the hierarchies compliance and governance frameworks with the legal, financial, operational decision making, cultural, communication, innovation and strategic frameworks of the Joint Operating Committee. When we do this we achieve a speed, innovativeness, accountability and profitability in our producer firms.
It would be my suggestion that when computers were being introduced in the 1960’s into oil and gas. The question became what will we do with them? Accounting became one of the natural uses for computers. Then taxes and the regulatory environment that exists to ensure overall compliance of the producer joined in. As people began their work with computers in oil and gas, the Joint Operating Committee faded into obscurity in terms of the accounting approach. Use of SAP today doesn’t even recognize the purpose behind having partners. The Joint Operating Committee is not in existence in any of the administrative or accounting applications that I’ve used in oil and gas. By adopting the Joint Operating Committee the Preliminary Specification requires that we approach the scope and scale of our application in the manner that we are.
Let's assume for a moment that I’ve convinced you that a move to the Joint Operating Committee is the necessary requirement to put the administrative and accounting functions in line with the rest of the oil and gas producer. This implies that the development of software to meet the needs of the industry is necessary. People, Ideas & Objects are promoting the Preliminary Specification as an inherent part of our Intellectual Property. Other ERP software vendors, therefore, need to come up with their own organizational construct to deal with the issues and opportunities that that software provider wanted to resolve. If an oil and gas producer is looking at the market for oil and gas ERP systems they know they’re going to have to review a certain number of specific items regarding each software provider, and I would hope that they would consider People, Ideas & Objects and our user community as part of their review.
The first item a producer is going to want to see is the underlying technologies and the base of the offering. There really are only two solutions in the market, Oracle and SAP. In oil and gas SAP has the majority of the oil and gas producers operating on their technology. Notice how it hasn’t had the positive effect in helping them
profitably. Nonetheless People, Ideas & Objects are using Java, Oracle Database 12c and Oracle Fusion Middleware and Applications as the base of our application. These are the more robust technologies available in the marketplace with Oracle being a leader in their ownership of Java, the database and the recent writing of Fusion Middleware and Applications in Java from the ground up. Check for People, Ideas & Objects.
Next the producer is going to have to evaluate the ERP provider on the basis of their overall vision of the ERP systems offering. People, Ideas & Objects conducted the ten years of research that was necessary to determine what was required to use the Joint Operating Committee. The
Preliminary Specification is the codification of that research and expression of that vision. I am not aware of any other vendor in the ERP marketspace that is selling any vision of a system that deals with the overproduction and oversupply issues. Nor do I know of any vendor offering a system that deals with the unique nature of the oil and gas industry. Most if not all of the others are all selling their products on the basis of a technology whiz bang feature that will make your eyeballs melt. If that were perceived to be a good thing. Check People, Ideas & Objects.
Next on the checklist of boxes to check is the
user community involvement in the applications further development to meet the oil and gas industries requirements. It is here where People, Ideas & Objects have a substantial competitive advantage. Once the Preliminary Specification was published in final form in December of 2013 we commenced developments of our user community. Our user community vision and commitment is unparalleled and is represented in the three years that we’ve
consistently developed our user community. Others may suggest that they’re user community based, however the timelines in which it takes to develop the user community will not be in their court. People have to see a consistent and constant commitment in act and deed before they will commit to participate in a user community. Check for People, Ideas & Objects.
These are the strengths of the Preliminary Specification in the oil and gas ERP marketplace. Producers might believe that they can more easily develop a solution for themselves that meets their needs and that our industry wide scope and scale is too broad. I disagree. If they can approach the development of software that deals with the administrative and accounting requirements of their organization. Cobble that together with their minimal budgeted resources. Minimal from the point of view they’re one producer with one budget. Think of how easily I could do the same job on behalf of the industry with our aggregated
budget of all the producers. Check for People, Ideas & Objects.
The last question that we have to ask is what is the producers back-up plan? And of course that is the tired and well used, do nothing, alternative. It wouldn’t be a “muddle along” strategy without “do nothing” tagging along with it. My question is, how is it that an industry that is considered, and promotes itself as innovative, can also pride itself on its muddle along strategy and do nothing approach? What we see is nothing. There is no action for years and even decades. It's all part of the business to lose money for nine or more of the next ten years. Check for internally generated software.
The
Preliminary Specification, our
user community and
service providers provide the dynamic, innovative, accountable and profitable oil and gas producer with the most
profitable means of oil and gas operations. Setting the foundation for North America’s energy independence. People, Ideas & Objects
Revenue Model specifies the means in which investors can participate in these user defined software developments. Users are welcome to join me
here. Together we can begin to meet the future demands for energy. And don’t forget to join our network on Twitter
@piobiz anyone can contact me at 403-200-2302 or email
here.