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?
As more of the energy industry makes a digital transformation, its return on investment remains a crucial metric, from operational improvements in the field to portfolio optimization and ability to operate in a carbon-constrained environment. A company’s digitalization strategy should rely on profitable examples. What does digital transformation in the energy industry look like today? Is it a revolution, evolution, or individual efforts? Where is the real digitalization value coming from in 2020? What can we expect looking forward? What does a successful digital strategy look like?