IPT Global had the privilege of collaborating with University of South Carolina Upstate (USC Upstate) Master of Science in Business Analytics students in their Spring 2022 MSBA 790 capstone course. The partnership, provided through CapSource.io, tasked students with calculating the Scope 1 greenhouse gas (GHG) emissions savings we provide for our clients.
This was a high-impact, experiential learning project for students at USC Upstate with a legitimate industry case study and dataset. Experiential learning is a type of program that students, educators, and sponsoring companies can all benefit from by creating practical products that solve real industry problems. By the end of the project, students walked away with hands-on analysis experience, guided every step of the way by industry leaders who offered meaningful feedback throughout the program.
Guided through a Visualization and Research Project
Seven candidates from the Master of Business Analytics (MBA) program at the USC Upstate College of Business and Economics were presented with a visualization and research project developed by IPT Global to determine our clients’ Scope 1 CO2 emissions savings from reduced rig time using our solutions. Bryan Spencer, our Data Science Team Lead, served as technical point of contact and project manager, working alongside Dr. Uma Gupta, the student’s professor and advisor, to guide the team throughout the project.
Building a Dashboard to Track Emissions Reductions and Improvement Opportunities
The students set out to build a visualization tool, or dashboard, that allows the end user to quantify the GHG emissions reductions from time savings gained using IPT Global’s software platform, SureTec®. These beneficial time reduction improvements were a result of efficiency in testing from the use of our proprietary algorithms and operational optimizations through remote monitoring, streamlined processes, and other IPT Global solutions. The students performed significant research to estimate the overall GHG emissions from specific operations and discover how it impacts the overall carbon severity of an offshore oil and gas well.
Through Mr. Spencer and Dr. Gupta’s guidance, the students built a Tableau dashboard that was able to identify the GHG emissions reductions our clients realized by using SureTec. The dashboard could differentiate between operations on jack-ups, semi-subs, and drillship rigs, and it offered guidance on whether a rig could save more through further streamlining operations. The students investigated multiple operational factors to identify the optimal amount of savings a rig could obtain, and they compared it to current operational savings to identify room for improvement and future operational goals.
A Valuable Learning Experience
This was a significant project for the USC Upstate MBA program. As Dr. Gupta put it: “The business analytics project with IPT Global raised the bar for experiential learning for Upstate students. This was a complex project that demanded an in-depth understanding of the industry and the multi-faceted nature of the problem and its broad scope. Although in the early stages of the project, students struggled with understanding the impact and interplay between a large set of data variables, students derived invaluable lessons from this experience.
“The project was both inspiring, given the focus to reduce greenhouse gas emissions, and simultaneously challenging. The leadership of Cody MacDonald and Bryan Spencer is noteworthy. Program sponsors play an important role in the success of all projects. Bryan Spencer spent many evenings sharing his knowledge and guiding students to address the inevitable challenges that arise in a project of this nature. In his own gentle way, he prodded students to be intellectually curious and practical at the same time. USC Upstate is grateful for this partnership and looks forward to working with IPT Global in the future.”
Lower Your Carbon Emissions with IPT Global
IPT Global was grateful to work with the students at USC Upstate over the course of this project. We are looking forward to incorporating this work into our solutions and displaying the GHG emissions savings for our clients on dashboards. This will show the added value IPT Global provides in efficiency and environmental impact through emissions savings. Contact us to learn more about how we can make your operations more efficient and reduce your Scope 1 GHG emissions.
