For those in the oil and gas industry, deciding how to implement digital twin technology – that is, virtual duplicates of physical tools – can be a challenge. Many fumble over deciding which cases to prioritize, thus overlooking the importance of creating value. Experts from the Boston Consulting Group outline several critical steps, specifically for oil and gas industry leaders to create digital twins that work for them – and to avoid investing in technologies that don’t. While heavily weighted with jargon, the analysis is full of concrete ideas and useful examples.
About the Authors
The Boston Consulting Group advises top companies on global business strategy. Håvard Holmås et al. are Europe-based leaders at the firm.