Leading the great data transformation - News Stream
As digitalisation changes the way the industry works, stay at the head of the pack
The great data transformation
The digital transformation is happening now. Not only are vast changes required in many large companies in the oil and gas sector, but the implications of properly leveraging massive reserves of data are massive. Many companies are unsure how to organise their data, how to present it in a meaningful manner, and to whom to give access.
There is an industry-wide concern at the lack of insight across many major oil and gas companies, with many firms feeling unable to properly assure the reliability and integrity of critical infrastructure due to a lack of properly presented data. Companies such as OSIsoft have produced reports highlighting this concern, and provided case studies for improvement.
According to EY, only 15 per cent of NOCs are fully digitised, with this lack of digital penetration being one of the main drivers of low ROI. To fully embrace digital transformation is to bring together disparate parts of the business, and maximise the potential of systems and data.