For energy companies, achieving value from digital technologies has become the great white whale: anxiously hunted, dimly perceived, enormous, and elusive. For the past two years, energy companies of every stripe have probed digital possibilities—running pilots in analytics, process digitization, and automation. They assumed that, as engineering-savvy organizations with a history of ingenuity, they could easily find the value from digital. Reality has proved more difficult.
Digital transformations have been tragically overhyped, but we believe they are both possible and necessary. Let’s understand how digital technologies to adapt to new realities in oil and gas industry to accelerate energy transition:
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