Upstream oil and gas companies routinely talk about becoming more like manufacturers, but what does that mean, and why is this so hard to achieve?
The oil and gas industry is not immune to the big digital trends sweeping through society. The industry runs on digital information.It already has been "industrially digitised" through what the industry calls Operational Technology (OT), or the myriad of sensors on assets that provide operations...
Many industries today benefit from applying analytics to their more vexing problems. Examples include life insurance companies who try to predict customer acceptance of new insurance products, retailers who predict the sales of new outlets, cable companies who try out new cable bundles, and food companies who plan menu choices (such as an all you can eat shrimp dinner special) based on expected availability of key commodities (like shrimp).
We're all in a brave new world of digital. Banks are converting us into our own bankers by putting banking apps on smart phones and tablets, airlines are turning us into check in counters, our phones are turning into our wallets and our doctors, our cars are becoming mobile hot spots, we can log in virtually anywhere and anytime on any number of devices. Consumer digital is impacting IT departments everywhere and in every field, from banking, retail, transportation, and the public sector.