Digital has reached a maturation point in which it drives the best outcomes when used at the backbone of a business. In the oil and gas sector, companies began to adopt digital technologies for several decades. They can now transform their operating models in a way never possible before.
What are the new digital trends and technologies that can enable the oil and gas industry to quickly respond to opportunities and challenges? Find out below…
New Digital Trends in Oil & Gas Industry
Digital trends merge to drive most value for oil and gas industry and society.
Digital asset lifecycle management: using digital tools such as robotics, predictive maintenance and connected worker technologies. This trend relies first on specialized sensors to capture real-time information from physical assets and on cloud-based analytics to process the data. Cost saving is enormous and the potential for innovation is impressive.
Ecosystems: it is fueled by digital platforms that allows oil and gas companies to connect better with their vendors, customers and wider society, by creating a top layer of information sharing across industry. The ecosystems participants can now collaborate in more advanced ways.
Customer experience: digital transformation can help oil and gas companies reinvent how they work with customers, giving them a much deeper understanding of the end consumer for more personalized services. As we all are keenly aware, digital customer services and customer experience all matter more than ever!
Energy sources: digitalization is promoting new energy sources and carriers as well as innovative models for optimizing and marketing energy. The future will not be about a single type of energy solution or services, rather energy consumers will have a range of platforms to choose from.
Artificial Intelligence and Machine Learning
These new techniques are used in oil and gas to learn from existing data, monitor and predict performance for equipment and process outcomes. Now, repetitive manual tasks can be eliminated such as scheduled maintenance on equipment, ordering new materials for supply replenishment and routing service tickets to the right team for response management.
Internet of Things
With IoT, oil and gas companies connect end-to-end field processes to drive notifications across the enterprise, monitor oil fields remotely providing real-time data to predict maintenance needs and identify failures before they occur.
Oil and gas operators can analyze all types of data on the fly to improve decision making, transparency and field productivity, and empower users with real time feedback on equipment performance.
Robotic Process Automation
Oil and gas companies can use software robots to perform specific, repetitive tasks, including automatic processing of supply replenishment orders, sending reminders to renew certifications, producing daily reports…
SAP Solutions Explained…
Tyconz, the SAP gold partner, enables oil and gas companies to become intelligent enterprises, using the latest technologies, including artificial intelligence, machine learning, analytics and more. Tyconz helps oil and gas companies build an industrialized, innovative and intelligent cloud services portfolio, setting the new market standards for the energy industry.
With Tyconz offered solutions, oil and gas companies can now position themselves at the leading edge of digital transformation by partnering with b2b customers to develop different platforms and by engaging with end consumers.
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