Digital Transformation in
Oil and Gas
Technology has rapidly shifted from being the legacy enabler to being a game changer. Oil and gas companies that respond to the ongoing industry volatility by investing in sustainable digital capabilities will be tomorrow’s winner.
OVERVIEW
Digital Operations for the oil and gas industry
Oil and gas companies face formidable challenges to their efficiency, sustainability, and profitability. We continue to see supply chain challenges and price volatility. We strongly advocate the acceleration of digital technology implementation to overcome these challenges.
EXPERTISE
Gain control over industry challenges with oil and gas solutions that liberate data, leverage innovation, and unleash new business models
Energy organizations facing market volatility, digital disruptions, and global economic shifts can rely on Wipro’s oil and gas business solutions to deliver innovative new ways of operating. As energy companies seek to reshape their businesses, our industry and technology experts lead the digital transformations needed to integrate previously siloed data and adopt cloud platforms and cloud-native capabilities. We help companies accelerate the delivery of business value through agile product and service models that streamline operations, improve efficiency, and lead to greater productivity and reliability. With these models in place, Wipro can enable energy enterprises to stay competitive and resilient in a dynamic industry by unifying data from disparate systems, unlocking new operational insights, and managing complex technology landscapes. Leveraging our oil and gas consultancy services, our global teams deliver oil and gas IT solutions that result in modernized industry processes and seamless user experiences while helping build a sustainable future.
Pathway to becoming a Digital Champion
By analyzing the challenges of oil and gas companies. we can summarize a pathway to becoming a Digital Champion more clearly.
Business priorities
The Digital Operations Study found that two issues stood in the way of the companies surveyed making digital transformation a business priority. The first was a lack of focus or insufficient understanding of customer and user requirements to sufficiently define the business issue that needs to be addressed. The other was uncertainty about the financial returns from digital investments. This made top executives more reluctant to approve big digital projects. Find several examples and suggestions
Foundational capabilities
In our Digital Operations Study, respondents identified digital talent and skill shortages as a primary hurdle to digitization. To overcome this problem, O&G companies need to both upskill their employees and hire new talent. They should also consider recruiting outside talent to bridge the gap between their current digital skills and those needed for digital transformation.
Digital operating model
Our survey found that both organizational dysfunction and lack of leadership are considered to be among the most significant impediments to digitization. Digital Champions have typically embedded digital operating models led by a central governance team – often the Chief Digital Officer (CDO) and a digital steering committee – to oversee the successful execution of large-scale digital initiatives and roadmaps. Gain more ideas about what companies need to put in place on page 11 of the report.
Agile culture
The final set of obstacles to digitization, according to our study, included insufficient collaboration, a low tolerance for failure (crucial for experimentation with new technologies and applications), limited employee empowerment and inadequate knowledge sharing. In other words, a lack of an “agile” culture. When embracing an agile culture, companies need to identify and empower cross-functional teams, brought together to solve specific challenges. They develop “proof of concept” applications
to address a problem, and proceed to test their solutions, such as new digital programs, in small, secure environments.
Digital Twin for operational resilience
In today’s challenging market condition, companies are looking intensively at innovations that will drive efficiency and reduce operational costs, but still effectively manage operational risk and maintain safety. A key area of focus is on the use of digital and big data technology for predictive analytics that can help companies become ‘intelligent’ in their operations.
Our next-generation offering, and supporting an ecosystem of asset-centric engineering applications, is the concept of a cloud-based digital twin. The digital twin is a virtual image of your asset, maintained throughout the lifecycle and easily accessible at any time. One platform brings all the experts together, providing powerful analysis, insight, and diagnostics.
OUR APPROACH
Built for business
We’re not just invested in your IT success. When you work with us, you get a partner who’s committed to helping you realize the full potential of your business—and we won’t stop until we make it a reality.
