The energy industry faces more complex challenges than ever, some of them existential. Technological advancements plus business drivers and models, make up the foundation of a massive digital transformation, with industry applying a tremendous amount of resources to it. At a time of increased complexity, profitability pressures, and a constrained carbon future, this digital transformation will be crucial to business growth and profit but must also be sustainable. How is digital transformation measured and where is the industry along this path? Where are the big successes coming from? Do they stand on their own or are they part of a larger, integrated, sustainable ecosystem? How does a successful digital strategy come together for an energy company and are the gains sustainable?
With advanced computing power and the increased use of digital technologies, the energy industry’s technical and commercial disciplines are de-siloing and democratizing their data, shaping the energy company of the future. Rallying to the “future is open” call, all levels of an organization—not just IT or data science teams—are enabled to solve problems using open access to data and analytical tools. In the process, traditional corporate structures evolve, and new models of change management are created. How can data-literate individuals add value to corporate decision making? What does data governance and integrity look like in this new reality of “data openness”? What are the benefits of global, industry-wide open data access, including lidar, GHGSat (methane emissions monitoring), and Open Subsurface Data Universe (OSDU)?