It is essential for oil and gas companies that want to survive and thrive to embrace digital transformation and evolve to become a “digital enterprise.” According to the Institute for Digital Transformation, a digital enterprise is one where digital technology plays a central role in how a company operates, creates products and services, generates revenue, seizes competitive advantage, and produces value. A digital enterprise is more competitive, more efficient, and more dynamic.
Digital transformation is essential for oil and gas companies seeking to:
- Further increase efficiency and optimize extraction/production, distribution, and maintenance
- Develop and deploy software analytics, IoT, and other new software capabilities quickly
- Empower an increasingly mobile and dynamic workforce