Digital Transformation: Building Resilience in the Oil and Gas Industry

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Upstream, midstream and downstream – digital transformation all over has a direct impact on every aspect of the oil and gas sector. Digital innovation does require investment, and ideally the cost of transformation can be covered to a large extent through savings made in traditional IT systems and services.

We are already witnessing a significant shift in attitudes towards new technology practice in oil and gas. A large proportion of oil and gas companies are already embracing cloud as a means of reducing cost and increasing agility. Some are even looking to public cloud services, something that would have been inconceivable, even five years ago.

We are also seeing significant changes in the ways that people expect to work. Oil and gas companies have always relied on extended networks of employees and sub-contractors – often working in extreme conditions. We now need to respond to opportunities to increase field-force performance through timely mobile access to data though robust, secure and affordable devices.

Industry 4.0 is driving significant change in manufacturing. It is inevitably set for positive impact in oil and gas too. The way in which we exploit the information flows which overlay every aspect of the industry, will ultimately determine the way in which we build a better future for it.

Context of the Report

In this white paper, Social Friendly looks at the areas in which digital transformation promises the greatest short and mid-term benefit for oil and gas companies, and how to best optimize existing IT management practices to help unlock full potential.