Harnessing Data To Overcome the Barriers of Digital Adoption
Digitalization in the oil and gas industry has been the focus of much discussion, but little has been written on the slow rate of adoption. This paper outlines some of the barriers the industry faces as it assimilates into Industry 4.0—automation and data integration in manufacturing.
Establishing Data Ethics in Oil and Gas Operations
The use of data-intensive decision making and smart risk-management solutions has resulted in the improvement of the ethical foundations underlying the industry. These digital tools and machine-based cognitive processes for risk-avoidance have also helped restore the public’s trust in the industry.
Technip CEO: Industry Downturn Creates Opportunities for Innovation
Investment in digital technologies may increase project efficiency and reduce costs. However, Technip’s chief executive officer (CEO) said it is equally important to strengthen relationships with companies along the supply chain.
GE CEO: Partnership With BP Among Highlights of Digital Initiatives
The oil and gas sector is an area primed for transformational development of its operations through new digital infrastructures, GE’s CEO said in an address to technological developers and company partners.
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