Nova Systems to Exhibit at MilCIS 2018
Nov 5, 2018
Nova Systems – along with Nova Group partner Geoplex – are exhibiting at the Military Communications and Information Systems (MilCIS) Conference 2018 in Canberra 13 -15 November.
MilCIS is a unique opportunity for those investing in government and military communications and information systems.
In November each year, the Defence Chief Information Officer Group (CIOG) partners with the University of New South Wales, Canberra and the Institute of Electronic and Electrical Engineers (IEEE) to present MilCIS.
MilCIS is the only Australian conference that focuses strategically on the crucial technologies, products, systems and services associated with military communications and information systems.
Visit our stand at #F28 in the Ballroom Foyer to find out why Nova Systems is the trusted partner in the assured delivery of sovereign cyber, intelligence, spectrum and space capability.
Nova Systems Insights - Digitalisation as a Critical Tool in Asset Valuations, Acquisitions and Dispositions
Oct 31, 2018
Historically, energy, resources and mining mergers and acquisitions (M&A) analysis have relied heavily on conventional asset valuation techniques.
Doug Hollet, Senior Energy Advisor – Lead Author
These techniques use reserve calculations and production projections, discounted cash flow analysis, and technical upside assessment based on history and analogue examples. Commercial opportunity for return on investment usually arises from a variety of areas including untapped potential, operational synergies, the ability to optimise commercial terms, and both hedging and pricing. It’s a fairly traditional approach which is increasingly efficient and done similarly throughout the sector, however it is often hard to identify real game-changing value.
Enter the new world of digitalisation strategies, Digital Twins, and so-called “Big Data”. Companies now have the ability to use massive amounts of information to uncover previously hidden value. However, it’s not as simple as just crunching numbers. The analysis needs to be done with one foot firmly planted in an operational and systems engineering reality, knowing the physics and characteristics of the asset being assessed. One cannot just throw huge amounts of raw data at a digital wall and expect to get anything other than out-of-context analysis. The key here is to emulate a working model of the asset through a well-constructed and accurate Digital Twin.
A Digital Twin is a dynamic, virtual representation of an asset that is permanently connected to its physical counterpart through digital data. Data collected from the physical asset provides the operational context (i.e. the “experience”) that allows the Digital Twin to mimic the behaviour of the real equipment, while allowing the operator to employ digital tools to gain insights, improve effectiveness, and make better decisions about the operation of the asset.
“Nova Systems has delivered a number of innovative digital evaluations, assessments and projects, which illustrate the vast potential of digitalisation.”
We’ve enabled our clients to:
- optimise field operations through the application of a Digital Twin of a gas gathering system;
- build a vision and technology road map to automate an underground mining heavy truck fleet;
- digitalise remote wireless communications; and
- develop approaches to lower power costs to energy-intensive sectors.
How can this be used? A common problem is understanding where hidden long-term value really lies. As an asset owner, a digitalisation strategy allows you to prioritise projects and investments and understand where the upside is through asset emulation and data analysis. You can shed low value assets and truly improve your core financials. As a purchaser, a Digital Twin permits more accurate and in-depth understanding of the hidden value in a property through asset operation digital optimisation and allows finely calibrated offers. And as an investor, a Digital Twin lowers risk across the board – operational, resource and reserve, and cash flow, through asset operation digital emulation with the application of “what if” scenarios, dramatically lowering risk and uncertainty. Used properly, it’s the new tool in the investor tool kit.
Should you be doing this? We believe so. Innovative low-cost operators are rapidly transforming their operations to have highly agile digitalisation strategies running constantly and are quickly finding that they can decrease downtime, improve maintenance schedules, and increase production with relatively small investments of time and personnel. It allows staff to focus on the high value tasks they are truly trained for and move out of reactive “fix-the-problem” roles. Integrated digitalisation of complex operations done by a team which understands data analysis and testing and operations, is the transformational step you need.
The above Insight has been published from Nova Systems Energy & Resources program. For further information regarding Digitalisation within complex operations, contact Tim Anderson, Program Manager – Energy & Resources email@example.com
Nova Systems Partners with Work180
Oct 29, 2018
Nova Group – Nova Systems parent brand – is excited to announce the Nova Group has partnered with Work180 as part of our commitment to creating a culture of diversity, inclusion and equality and providing a great place to work.
Work180 is an international jobs board that connects smart businesses with talented women. While their focus is on empowering women in the workplace, Work180 is trying to achieve equality for all employees.
Launching in Australia, the Work180 platform will promote the Nova Group by sharing stories of women in Nova and showcasing job vacancies, creating significant opportunity to attract and retain talented women to Nova. The Nova Group will be recognised as an endorsed employer for women who shares Work180’s focus on equal opportunity which will provide the opportunity to engage with organisations a part of Work180 who share our values.
Work180 provides job applicants with a transparent directory of endorsed employers who support diversity, inclusion and equality and share information around pay equity, flexible working, paid parental leave, equal opportunities and a range of other important criteria.
The Nova Group aims to expand the Work180 partnership internationally in the future as our business continues to grow.
Our mission is to finally put an end to workplace discrimination, so that everyone is valued equally and businesses can enjoy the benefits of a truly diverse workforce. As the demand for skilled employees grows ever more critical, there has been a power shift away from unsympathetic employers and a rejection of inflexible working conditions. WORK180 is a global jobs network that operates at the forefront of this new workplace revolution.
Media Article - Federal gov't shortlists $200m SmartSat CRC proposal
Oct 16, 2018
An ambitious proposal to establish a $200 million space industry-focused cooperative research centre in Adelaide is one of just six proposals to be shortlisted and advanced to stage two of the CRC selection process.
While a final decision will not be made until next year, bid co-leader Andy Koronios told a workshop in Melbourne this week that the proposal had already attracted over 60 industry and research partners and cash commitments approaching $50 million. Stage two submissions are due by November and the SmartSat CRC is expecting an ask of $55 million from the government, which is matched by industry and also by inkind contributions for an overall $200 million research effort over the seven-year life of the CRC.
The six shortlisted applicants for the $731 million CRC program were announced this week by Federal Minister for Industry, Science and Technology Karen Andrews, who said the initiative supports business-research engagement.
“CRCs play a vital role in bringing together businesses and researchers from Australia and overseas to solve major industry challenges,” Andrews said. “CRCs demonstrate how industry partnerships with the research community can deliver high-value outcomes that improve competitiveness and productivity.
The SmartCRC bid was first proposed towards the end of last year and is being led by the University of South Australia and Adelaide-based defence and space firm Nova Group. All of the six bids will now proceed to the next stage of assessment, which includes developing a business case and attending an interview with the CRC Advisory Committee.
In an outline of the bid progress in Melbourne, Koronios said a major focus of the CRC would be on advanced satellite communications, connectivity and earth observation rather than deep space activity. “It’s very much about how we can communicate better and how can we leverage and exploit the technologies that we have,” he said.
“At the same time, we are in a unique situation where we also have an additional opportunity as a CRC . . . for us to help build the space industry in Australia. A few years ago you would probably count the space-related SMES and startups on one hand, but there are over 100 companies now and many have already joined the journey of the CRC.”
He also noted that the Defence Department has been an enthusiastic supporter of the CRC proposal and has already invested $12 million in cash.
“We are quite excited that Defence would use this CRC for some of their needs, not so much only for the Defence work but also for building that industrial base, because that industrial base is so important for building indigenous capability for Australia in the area of space,” Koronios said.
STARTUP ENCOURAGEMENT: Meanwhile, Peter Nikoloff – bid coleader and executive director of Nova Systems – said that for successful commercial outcomes, the government is looking for industry input and leadership. A key aspect of the CRC setup will also involve the startup sector, which will be given a voice in the organisation. “We will be looking for some quick wins to give people confidence that we’re doing well and ultimately if we can get some world-leading technologies out there and into our industry and globally distributed, that would be a fantastic way to go,” Nikoloff said.
“Importantly, and the big growth for Australia, will be the startups. And we’ve got a huge number of startups that are interested and what we want to do is give them a voice, because they’re not going to be able to invest like the core partners are,” he added. The final outcome of the SmartSat CRC bid is expected to be announced early next year, with funding to commence, if successful, by mid-2019. Successful applicants must contribute at least the same amount in cash or in-kind contributions as they receive in government funding.
Written by Geoff Long, Space & Satellite