1. APPEA 2017
Miranda Taylor
CEO

2. Why the industry needs to transform and why it’s so hard
What we need to focus on now to prepare for tomorrow
How to accelerate our results

3. Why the industry needs to transform
and why it’s so hard

4. Australia has seen 25 years of sustained growth, strongly underpinned by the energy resources sector…
But is now in transition …

5. Why the industry needs to transform
Changing Energy Demand
Changing Energy Supply
Technology

6. Why is transformation hard
Internal pipeline approach
Typically structured with a few vendors
Slow results, highly risk averse

7. Technology - disruptor or enabler
Either way it is evolving rapidly e.g. full automation and AI
Need to prepare now to leverage full benefits
It can enable e.g. as horizontal drilling technology has done for us

8. What we need to focus on now to prepare for tomorrow

9. Leverage multiple disciplines
Information Technology
Artificial Intelligence
Automation

10. Automation Full automation is the next evolution
Leverages smart connected assets
Enables integrated automation across the enterprise
Finds the pinch points and smooths them out
Advanced analytics enabling People, Assets & Processes to perform efficiently & reliably = optimisation
Facilitates a new externally focused business model creating user value

11. Extending the Innovation Boundary
External innovation - engage with multiple external knowledge experts, use technology to verify and de risk adoption of innovation
Emerging innovation – work with vendors, extend external collaboration and create new value
The safe zone – look internally, improve margins and keep cash coming in

12. Adapt Organisational Cultures
Willingness to push innovation boundaries
Leverage technology to enable industry to test, verify and de risk faster adoption of more innovation
Use simulation/digital twins and living labs

13. Engage the Best Talent Operator of the Future
‘…no matter who you are, most of the smartest people don’t work for  you .” Bill Joy, founder of Sun Microsystems
Critical Inhouse talent – strategic and systems thinking, decision making, ownership of risk, IT & engineering, commercial & business development
External talent – non core, contingent, intermittent and access to a global network of knowledge excellence

14. How to accelerate our results

15. Investment in Multidisciplinary Teams
Information Technology
STEAM
Engineering
Arts - Creatives
Data Analysts
Entrepreneurs

16. Collaboration
Those companies that focus solely on internal innovation will miss out on the opportunities that technology is opening up
Pace of change is too fast and to complex to do it alone
Technology is enabling ‘Networks’ and making it easier to access the best talent and capabilities, both internal and external

17. Collaboration
Technology is rapidly changing Australia’s energy resources sector
From a Pipeline Business Model
To a Knowledge Harvesting model

18. Industry Growth Centres
Industry led and independent
Trusted brokers of innovation
Drive productivity & competitiveness
Transfer more of our investment in knowledge into commercial value developed here in Australia
But connected to global markets

19. NERA is Creating a Knowledge Platform
For energy resources stakeholders to:
Manage costs and optimise productivity of current assets through ability to harvest external knowledge and rapidly adopt innovation and technology
Maximise efficiency and environmental performance through fast adoption of range of clean and renewable technologies, and by reducing carbon emissions
Build an agile, resilient, globally connected supply chain working across multiple industries

20. “How we’ll measure success”
Maximise
commercial success of innovative SMEs
who can adapt and respond to national & international
market needs
Purpose
Performance Measures
“How we’ll measure success”
Nos of Buyers & Sellers
Interactions; Real $ value created
PARTICIPATION IN THE INNOVATION SUPPLY CHAIN
PLATFORM
Grow Operator Participation
Grow Innovation SME Participation
Enable Alternate Engagement Models
Identify issues to unlock maximum value
Identify diverse solution & innovation providers
Provide adaptive business models
Strategic
Objectives
Unlock organisation to enable innovation
Identify national & international market opportunities
Provide access to expert knowledge
Find best external talent
Realise market value
Provide access to diverse & innovative solutions
Open Innovation Platform & Market Place – Digital, Technology, Services
Key Enablers ‘‘What is critical to success”
Enabling Operators Innovation Ready – Identification, Value, Adoption Roadmaps
Marketplace Participation – OEMs, SMEs, Innovators, Start-Ups, Researchers
SME Market Ready Program – Business Development, Scale, Value, Market, Export

21. Enabling effective collaboration
Focus Areas
Initiatives
Knowledge clusters - industry, innovators, experts, start-ups, SMEs and larger contractors and applied research
Cross disciplines and industries
Digital enabler
Innovation supply chain hub
Digital platform for problem solving, innovation matching and harvesting knowledge
Are You Research/Innovation Ready?
Living labs
Innovation Vouchers – SME R&D support
SME Maximiser Program
Annual Innovation Summit/Share Fair

22. The how – Knowledge Clusters
Cluster Participants
Innovators, entrepreneurs and SME's
Infrastructure
Business and finance
Industry and regulations
Research organisations
Problems and concepts
Prototyping
Testing and deploying
Marketing

23. Collaboration is all about healthy competition
MYTH BUSTER
Collaboration is all about healthy competition