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Houston OTC chairman sees an increasing effect of digital tech ahead of the 50th anniversary

Wafik Beydoun has served on the board of OTC for almost a decade. Courtesy of Beydoun

Wafik Beydoun has been on the board of the Houston Offshore Technology Conference — and has served as chairman for the past two years. As he prepares to pass the baton after this year's event, he's reflected on how much the conference has changed — namely due to new innovation and technologies.

"The rising tide of the digital revolution is lifting us all — not only OTC or the industry — and it's lifting us at an exponential rate," Beydoun tells InnovationMap. "Digital is moving now exponentially, whether we want it to or not, we're benefitting from it."

OTC takes place at NRG Park from May 6 to 9. Beydoun shares his observations and advice on how innovation and startups have effected change at the 50-year-old conference.

InnovationMap: What's going to differentiate this year's conference from previous years?

Wafik Beydoun: This year is very special because we are celebrating the 50th birthday of OTC. The first event was held in May of 1969. Last year it was the 50th event, so these two years are very unique. Last year, we had an opening ceremony, and we will have that again this year — that's different from OTCs in the past.

The most important change you'll see is the amount of papers on offshore renewables — it's something the board wanted to test and show that the industry is being more aware in this area. What I mean when I say offshore renewables is mostly offshore wind, but there's also energy from waves and gas hydrates — another form of gas trapped under ice in the subsea. These are things we have had in the past few years, but this year we have 14 sessions on marine renewables.

IM: What sort of new technologies (machine learning, IOT, AI, etc.) are you excited about seeing grow its presence at OTC?

WB: The way the technologies are impacting is it can go from drilling to monitoring remotely. More and more platforms in difficult conditions are reducing the number of people involved. There are already talks about unmanned platforms offshore. On safety in general, digital and AI immersion are able to help train people faster and without injuring themselves.

IM: How have startups been represented at the conference?

WB: We recognize that startups are adding a lot of oxygen into OTC. We need that for different reasons. For one, they bring in innovation in energy. Also with this kind of digital area, we have a lot of startups coming from Silicon Valley that want to innovate in the energy domain, and OTC can be that space where we can invite them to help us in our challenges.

IM: How has innovation and technology affected the conference specifically over the years?

WB: The conference is the place where you have all the specialists come and talk about their projects — it attracts all those who have an exciting story to tell, and it could be in innovation. And they bring their tool or technology into the exhibition. In 1969 at OTC, you could see the suit we'd put humans in to go under water. Now, you can see the robots that explore the seafloor.

IM: How has innovation and technology affected the conference specifically over the years?

WB: Register for the Rice Alliance Startup Roundup event. You have the opportunity to invest or meet face-to-face these 50 startups on the rise. The second thing you should attend is the Spotlight on the New Technology Award. Based on these technologies, you can have a feel of what's the leading edge of technology for the industry as presented by exhibitors. If an entrepreneur wants to see what's new and bringing money, attending this will show him or her what companies want that new technology.

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Portions of this interview have been edited.

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Building Houston

 
 

HOUSTON INNOVATORS PODCAST EPISODE 158

New HX leader strives to unlock Houston's potential

Meet Natara Branch — the new CEO of HX. Photo courtesy of Natara Branch

For the past few weeks, Natara Branch has been on a listening tour of Houston's innovation ecosystem. Recently named the CEO of Houston Exponential, Branch says one word comes to mind when she thinks of the future of HX: Potential.

"I know that's an overused word," Branch says on this week's episode of the Houston Innovators Podcast, "but I think we really have to get everyone in Houston galvanized around the fact that we do have this potential so that people can see it and invest in Houston — both internally and externally. I really do believe Houston has so much to offer people who live or want to live here."

After spending over 18 years at the National Football League driving that organization forward, Branch says she was looking a role that would bring her back to her adopted hometown of Houston — a city she's been cheering on from afar during her tenure at the NFL based in New York City.

Branch joins HX as the organization changed ownership — it was acquired by Gow Companies, a company founded by Lawson Gow (who is the son of David Gow, InnovationMap's parent company's CEO) — and transitioned from being a nonprofit into being a for-profit company. Branch says that this transition shouldn't affect Houston entrepreneurs' interaction with HX other than improve on the experience as now HX is an entity for entrepreneurs and by entrepreneurs too.

"I'm an entrepreneur, I'm a consultant, I invest, and I work with entrepreneurs all the time," she says on the podcast. "I'm an entrepreneur at heart. ... If you're a founder, you know it's a unique experience. If you're an investor, it's a risky experience, and I've been on both sides."

Branch shares more on the show about her passion for the city of Houston, and how she's got open ears to anyone in the ecosystem who wants to contribute to the advancement of the city's tech ecosystem. And, as she explains, she is getting her fair share of feedback — but she has an ask for anyone who she's met.

"I am challenging people. You're not just going to give me feedback and sit back and watch. You're going to participate," Branch says. "I have not met one person who doesn't want Houston to win — they wouldn't be here if they didn't."

Next week, Branch is making her Houston debut to the greater community at the Houston Innovation Awards Gala, a collaborative event hosted by HX and InnovationMap, on November 9 at the Ion. She shares what all she's excited about for the event on the show. Listen to the interview below — or wherever you stream your podcasts — and subscribe for weekly episodes.


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