Winning strategies for digital transformation
After a few years of small-scale pilots, leading oil and gas companies are making real strides in digitization. They have recruited chief digital officers, have designed digital strategies and established business units to promote them, have partnered with technology firms, and are striving to create a culture that nurtures new ways of working. These leading companies are deploying more new technologies, such as digital twins and drones, in the field.
At the same time, however, many operators, oil field service companies, OEMs, and others remain at an early stage of digital development. They may not have the same kind of financial resources, workforce, or capabilities as the so-called super majors.
Our report provides examples of companies exploring digital solutions and analysis of how those companies have been transformed by new technologies. We also share lessons from those undertaking their own digitization journeys. Wherever you are in your digital transformation journey, we hope you'll find relevant insights here.
Eleven essential technologies
Until recently, there was significant hype at oil and gas industry conferences promoting digital transformation in the sector. Now that the dust has settled, some trends are emerging. These are the 11 technologies to focus on:
“Data and analytics capabilities are an important building block in enabling a data-driven approach that can transform businesses.”
Case studies: The road to digitization
Unsure what your first step toward digitization should be? Take a look at the common challenges we help business leaders address in these five case studies.
Five steps to digitizing your operations
As you decide where to focus your digital efforts, who to partner with, and how broad your aspirations for transformation should be, consider these five steps.
