Top 5 Use Cases for Digital Transformation in the Oil and Gas Industry
As far as innovations go in the oil and gas industry, new technologies take center stage, transforming how we explore, drill, and produce energy. With the power of digital transformation, we're boosting safety measures, supercharging productivity, and finding more innovative ways to save costs.
According to research conducted by Accenture, adopting digital technologies in the upstream and downstream of the oil and gas sector can cut capital expenditures by up to 20% and improve cash flow.
For example, this McKinsey report shows the digital transformation of an Asian oil and gas company that generated $150 million in value within three years.
Based on these predictions, companies in the oil and gas industry should start exploring ways to use technology to solve the significant problems of the oil and gas industry right away.
