700517How Could Bellrock Technology's Lumen Platform Advance Data Analytics In The Oil & Gas IndustryClosedGRD Proof of MarketInnovate UKBellrock Technology is an early-stage high tech software company based in Glasgow. We develop a disruptive software platform, called Lumen, which helps companies access advanced data analytics to support operational decision makers. Our beachhead market is the electric power sector. Here, generators and network operators are gathering more and more data, which is intended to help improve the performance, increase the reliability and extend the operating lifetimes of critical equipment. Linking operational data with specialist analytics that can explain it to provide meaningful information has become crucial. Such tools enable users to take decisions that are not only cost-effective but are also justifiable and in particular, can support companies’ freedom to operate in regulated or safety critical industries. Implementing such analytics has traditionally been a time-consuming and costly process due to the difficulty of linking them with operational (perhaps legacy) data systems. Lumen handles this intelligently, meaning that bespoke development is no longer required. These problems are not limited to the electric power sector. Preliminary discussions with oil and gas field operators have indicated that corresponding issues exist in their industry. According to Forrester Research, the market for data analytics within oil and gas is estimated to grow from 4.29m in 2014 to 19.65m in 2019 to help tackle such issues. We believe that Lumen could help to unlock the market for such analytics and to accelerate their adoption. Given the expected growth in data analytics and the increasing need for the support they can provide, we wish to carry out a proof of market exercise to engage formally with oil and gas operators and assess whether Lumen has true commercial viability in this sector. The exercise will enable us to fully assess competitors, our Intellectual Property position and will produce an estimate of timescales and costs to enter the market.