Live Recording: Operational Resiliency in a Time of Economic Uncertainty
with Rafael Hernandez, Digital Transformation Fellow, PTCAdd bookmark
This presentation was recorded live during Digital Twins in Oil and Gas on November 17th at 11:15 am EST
Operational Resiliency in a Time of Economic Uncertainty
Crude oil prices will slowly recover in the post-pandemic economy and digital solutions will be at the forefront in the recovery of operational viability. Companies will look for cost-effective solutions and will be forced to do more with less; requiring them to be operationally rigorous and exercise greater fiscal discipline.
O&G companies will emerge more lean, streamline complex processes, integrate fragmented processes and develop multi-skilled workforces. Twenty years ago, digital oil fields with automation and remote monitoring capabilities were novel ideas, today, with improved data capture, transmission and storage of data, these novel ideas have become more widely adopted.
Rafael Hernandez, Digital Transformation Fellow, PTC