Digital Transformation: Shaping the post-COVID recovery
The energy industry has focused strongly on digitalization in the last few years and companies have invested significantly in advanced analytics capabilities, remote operations, and other forms of digital technologies and work processes. These digital transformation efforts have proved resilient at maintaining business continuity and performance in a challenging operating and market environment over the past year. Looking forward, the dual pressures of raising efficiencies (both capital and operating) and lowering emissions will push digital transformation even harder. What different digital strategies are companies following and is the pandemic changing these? What buzzwords of recent years (e.g., Big Data, Block Chain, Digital Twin, Industry 4.0) became concrete and are delivering value? What are the emerging areas of digital transformation in the mid-term?