#Bulgaria #Sofia #energy innovation #Stevie Award #Scalefocus

Scalefocus Shines Brightly in the Energy Sector

Scalefocus, a trailblazer in IT solutions, has made headlines for its remarkable achievement at the 22nd Annual International Business Awards. The company was awarded the Silver Stevie® Award in the category of Energy Industry Innovation of the Year for its cutting-edge project, "Smartification of the energy industry through real-time analytics." This recognition highlights Scalefocus' transformative role in enhancing operational efficiencies within the energy sector.

The heart of this innovation lies in a strategic partnership with tde, renowned for its data-driven solutions. Scalefocus has significantly advanced tde's time-series data framework, amplifying data capabilities throughout the company's product lines. A notable outcome of this collaboration is a real-time oil drilling data platform, specifically designed for brownfield wells, which has become invaluable in providing timely intelligence.

Addressing Industry Challenges

The challenge facing Scalefocus was daunting: the client's legacy system, built on MySQL, lacked the capacity to manage real-time streams of up to 1,000 data points per second across numerous metrics. In regions like Saudi Arabia, the complexity of regulatory demands compounded these challenges, necessitating both cloud-based and on-premises solutions.

In response, the Scalefocus team executed a comprehensive overhaul of the platform, enhancing its capacity to manage over 600 streaming channels, each processing 1,000 data points per second. This pivotal enhancement allows drilling operators to track crucial metrics such as vibration, flow rates, and equipment speed in real-time.

Previously, vital data was often only accessible once an hour or longer, which delayed decision-making. With the new real-time drilling solution, operators gain instantaneous feedback on vital conditions and equipment status. This capability fosters quicker adjustments and greatly minimizes downtime—transforming the overall efficiency of operations.

Meeting Compliance and Security Needs

The project also features hybrid cloud functionalities to adhere to strict regional regulations. This adaptability enables deployment across platforms like AWS, Azure, and even on-premises environments, ensuring that clients in strictly regulated markets such as Saudi Arabia and Algeria can fully utilize innovations while safeguarding data sovereignty and security.

Tangible Benefits and Client Impact

The improvements in data visibility have significant consequences for the energy sector. Feedback from clients indicates notable reductions in downtime, swifter operational decisions, and efficiency enhancements estimated at 10% per drilling site. This translates into a staggering potential savings of over €7.5 million per well. With more than 150 drilling sites currently leveraging this platform, the financial impact across the industry amounts to hundreds of millions of euros saved.

The CEO of Scalefocus, Ivan Ivanov, articulated the importance of this achievement, stating, "This award is a recognition of our unwavering commitment to creating real value for our clients. By enabling companies to make faster, data-driven decisions, we help them not only cut costs but also accelerate time-to-market for critical resources. Innovation for us is not about technology for its own sake—it’s about transforming industries and empowering businesses to thrive."

Awarded by the Stevie® Awards—a prestigious accolade recognized worldwide for celebrating business excellence—Scalefocus positions itself among the frontrunners driving digital transformation in the energy and utilities landscape. This honor amplifies their commitment to delivering tailored software solutions that empower clients spanning various industries such as energy, fintech, and aviation, to harness growth through innovation.

About Scalefocus

Scalefocus stands as a global IT service provider focused on aiding businesses to excel through innovative technology solutions. Merging advanced technical acumen with industry knowledge, Scalefocus approaches complex business challenges with tailored remedies. The company champions an AI-first methodology in software engineering, showcased through the Scalefocus Codeflow, and provides an Enterprise AI platform that helps other organizations strategically adopt AI for measurable gains.

In conclusion, the story of Scalefocus is not just about winning awards; it embodies a relentless pursuit of innovation and our commitment to making a substantial impact in the bustling energy sector. This remarkable achievement not only reaffirms its mission but also offers a glimpse into a future shaped by transformative technological solutions.