Electronic Invoicing: What’s in it for Suppliers?


Digital transformation. Finance automation. Going digital. Computers and the Internet have revolutionized the way companies communicate and do business. For the most part, it’s the large players, the heavy hitters, those E&P companies that are automating not only their field operations but their office processes to maximize operational efficiencies. [Read more…]

Oil Field Automation and Robotics


In recent IDC surveys, oil and gas IT professionals reported that the top strategies to cope with low oil prices, with regards to IT investments, are to deploy automation more quickly, complemented by advanced business intelligence and analytics for optimization purposes. IDC Energy Insights believes that robotics and related automation are integral components of the digital transformation process and need to be included in operational and IT architecture requirements and plans. [Read more…]

Never Let a Serious Crisis Go to Waste: How Technology Can Rejuvenate the Slumping Oil Industry


Even in crisis there is opportunity. Nothing more pertinent can be said about the current state of the global oil exploration and production industry. The crisis at hand is a unique opportunity for transformation.
 
The Crisis: A confluence of political, economic, technological and social factors is creating a perfect storm in the oil exploration and production industry. Even with recent increases in crude oil prices, the volatility remains. Analysts estimate that North American oil companies are losing nearly $2 billion a week at current prices. Their long-term debt has soared from $200 billion in 2010 to over $350 billion in 2015. By any measure, the top line and the bottom line of nearly every company across the value chain is under tremendous pressure. This calls for unprecedented interventions: political, economic, and, perhaps most promisingly, technological.
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From Smart to Intelligent (Artificially): A Journey Worth Taking


The Internet of Things (IoT) is here. Everybody knows this by now. Our estimates, recently updated, put the overall impact of IoT at 6% of the total global economy by the year 2020, with more than $370 billion in additional IoT revenues alone. What no one knows, however, is how this value is going to be realized and distributed, and where specifically it will come from. While there are many places where IoT can make a real impact, the asset-intensive industries are a prime candidate. O&G, with more than $700 billion in annual capital expenditures, is at the top of the list.
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