Digital Transformation represents a vast and complex landscape with huge opportunities for the Oil and Gas industry, but also a considerable amount of risk.
While there seems to be a consensus that Digital Transformation is the path to achieve the industry’s goals and ambitions, the methods and technologies applied are up for debate.
Across the industry, digital adoption is everywhere as operators, service providers, contractors, equipment suppliers, regulators, and software and hardware vendors are gradually embracing the recent technologies. Technologies such as various forms of artificial intelligence (AI), cloud, digital twin, industrial internet of things (IIoT), edge computing, drones, robotics, automation, and augmented reality are all being evaluated and deployed with the end goal of improving operational performance and meeting the increasingly strict expectations for sustainability. How all of these technologies are integrated in front line operational asset still remains to be seen.
