Managing Assets Digitally: The Oil & Gas Industry Enters A New Digital Regime

Oil and gas digital transformation

Whether it be “digitalization,” “digitization” or just “going digital,” with the introduction of new technologies and analytical methods, the oil and gas industry is entering a new digital regime. The digitalization opportunity capitalizes on new ways for data to be found, created, modeled, analyzed, and shared. In doing so, it offers new ways to manage and optimize business functions ranging from managing a single piece of equipment all the way up to an entire plant or an entire network of plants. This approach is expected to provide more accurate and timely information, enabling better decision making resulting in better financial results, safety, and environmental performance.