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Going Digital Is Hard for Oil and Gas Companies – But the Payoff Is Worth It
Report

Going Digital Is Hard for Oil and Gas Companies – But the Payoff Is Worth It


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Editorial Rating

8

Qualities

  • Analytical
  • Overview
  • For Experts

Recommendation

Digital technologies have reached the oil and gas industry. But according to professionals at the Boston Consulting Group, companies can undergo a true digital transformation if their leaders embrace change management as well as specific tools. By adopting processes that meld skills in data science and artificial intelligence with traditional industry practices, firms can increase cost efficiencies, enhance productivity, and improve speed and profitability over the value chain. Energy company executives will appreciate this cogent and highly readable analysis.

Take-Aways

  • The oil and gas  sector is fertile ground for technology improvements across the continuum of exploration, field development, drilling operations and production.
  • But change is difficult in an industry that deals with physical challenges and safety priorities.
  • Nonetheless, executives can improve profits by undertaking a digital transformation of their operations.

About the Authors

Marie-Hélène Ben Samoun et al. are professionals with the Boston Consulting Group.