Transforming businesses digitally, I keep hearing is straightforward. It's always followed by a 'but', but no matter which way you slice it, it's not straightforward!
Perhaps one of the greatest impacts on global GDP is from the Oil, Gas, Petrochemicals sectors.
If you hadn't noticed the 4th Industrial Revolution (4IR) is already upon us and the benefits across SMBs and large enterprise are already being seen. Cost savings, new revenue models, increased productivity and efficiencies are significant.
Transforming the Enterprise is no easy series of projects. Several have tried and many have failed. But what choice do you have as the world becomes consumed by Digitalization? And as the economic growth rests with those successfully digitalized firms?
With ongoing and increasing demand for Energy, Oil & Gas is seeing the return of investment and activity in the value chain. But how can companies ensure productive and cost-effective solutions for one of the major components; the worker undertaking these operations?
Is it a Bird? Is it a Plane? Is it a POC? A Prototype? No! it's an MVP!
The Upstream Oil Companies are becoming more cost, energy and environmentally efficient each day.
I am worried the culture of "Fail Fast and Learn Quick" is becoming somewhat of a cliché or at least over-hyped and in so doing will be ignored by those who are in a position to make best use of it.
Is there anything more fundamental to the 4th Industrial Revolution and its subsets; the Data Economy, Smart Manufacturing and the Digital Supply Chain than The Cyber Twin?
We started our journey through the CSFs of Digital Culture a couple of weeks ago, starting out with a tone of "Cultural Offense" and then last week re-orientating the business to "Customer-Centricity".
Oil & Gas is one of the most data and asset rich industries in the world, be that Wells, Rigs, Plants, Pipelines, Refineries, Tanks or Vessels. Keeping those assets running at peak performance and low cost is an essential part of the business.
The success formula of "find out what someone wants and give it to them" stands true with Customer Centricity.
Oil, Gas & Petrochemicals transition to digital throughout is evolutionary. However as the penetration continues the affect of Cloud Storage, IoT, BigData and Analytics is expected to be huge across the midstream sector.
Only 60 companies in the Fortune500 of 50 years ago remain today.
They are being replaced by new product companies with entirely new Customer Experiences that bring the Customers products that they never even knew they wanted, until they had it.
Front and Centre of Industry4.0 Transformation sits the Digital Culture. We begin our journey to strategising and realising this essential component today and will continue to bring to our i4.0 community some of the best advice as we locate it from all around the world.