4:05pm - 4:30pm Technology Innovation and Enterprise Transformation and Development under Low Oil Price Environment
Wednesday Mar 28
Description
The extended low price environment has put an increased focus on cost and operational efficiency. To survive companies are increasingly focused on delivering Operational Excellence across the enterprise thru digital transformation.
The increasing amount of available data related operational processes is powering the digital transformation that sweeping across industries including oil & gas. New tools like real-time analytics, edge computing etc. give the industry a much deeper understanding how its operations function.
Companies are being constantly pushed to be innovative, to find a way to embrace new technologies and leverage them to drive business change. To thrive – and even survive – in today’s business environment, technology-driven companies not only need change the way they use technology but also how to execute and implement successfully so that operational excellence can be met. It is time to execute and deliver the next generation technologies and related practices for these new environments.
The most successful technology companies going forward will be those that will be able to execute their digital transformation strategies. Without execution the strategies will just be nice binders in a bookshelf. These are the companies that will drive innovation – and the technology engine – for the upstream oil and gas industry.
The increasing amount of available data related operational processes is powering the digital transformation that sweeping across industries including oil & gas. New tools like real-time analytics, edge computing etc. give the industry a much deeper understanding how its operations function.
Companies are being constantly pushed to be innovative, to find a way to embrace new technologies and leverage them to drive business change. To thrive – and even survive – in today’s business environment, technology-driven companies not only need change the way they use technology but also how to execute and implement successfully so that operational excellence can be met. It is time to execute and deliver the next generation technologies and related practices for these new environments.
The most successful technology companies going forward will be those that will be able to execute their digital transformation strategies. Without execution the strategies will just be nice binders in a bookshelf. These are the companies that will drive innovation – and the technology engine – for the upstream oil and gas industry.