The core to the success of the global oil and gas industry is the operational awareness and capital discipline, especially in a market characterized by shifts due to the technological innovations. While the focus remains on the budget, and on enhancing productivity, monitoring local and remote assets dynamically plays a significant role in this sector. The ability to provide real-time data without any downtime is imperative as digital transformation grips the industry. The future of the sector will be marked by offshore open standards becoming predominant helping reap the benefits of digital innovation to ensure uptime, safety, and security.
Global Oil and Gas Industry
The oil and gas industry is well-known for embracing technology and innovations. The workforce dynamics in the sector are witnessing the transition from offshore to onshore office-based roles. Opportunities for this sector include a complete suite of digital technologies that will touch all the aspects of the supply chain, with legacy systems being disrupted due to digital transformation. This process brings about improvement of the functional capabilities and operational efficiencies of the oil and gas corporations to extend the traditional legacy systems with digital and cognitive technologies.