The last several meetings that I’ve had with oil and gas industry executives have ended with a variation of the same question: now that we have reduced our costs to match commodity prices, how do we keep them from rising again?
What should the digital strategy be for today’s oil and gas services companies, exposed and buffeted by unbounded cost and productivity pressures? Not your dad's gameplan, that's for certain.
As your oil and gas organization sets out its digital roadmap, you will have to make some trade offs around your focus of time, resources and areas of investment. Here’s a few of the key trade offs that have been the subject of my recent conversations with industry leaders.
With all that’s changing in global energy, board conversations around the top table at oil and gas companies should be pretty interesting. What are they discussing?
What new disruptive business models will emerge that will drive powerful and systemic change in the oil and gas industry? What can oil and gas learn from other industries where collaboration is thriving?
Oil and gas companies have invested hugely in their enterprise resource planning (or ERP) technologies, but what is the future for these big backbone core systems in an increasingly digital world? This is the first in a multi-part series that will get under the covers of ERP systems and how they will evolve.