Many industries today benefit from applying analytics to their more vexing problems. Oil and gas will follow suit. This post was first published on October 22, 2016. Curious if I was right.
Back at the dawn of 2017, I wrote up a set of predictions for the year. Let’s see how well I did in forecasting the digital oil world.
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.
It’s customary at the dawn of a new year to make predictions you have no idea will come true. So what are my predictions at the dawn of 2017 for the world of digital oil and gas? This is tricky because it requires some predictions for oil and gas too. Here goes.
Many industries today benefit from applying analytics to their more vexing problems. Examples include life insurance companies who try to predict customer acceptance of new insurance products, retailers who predict the sales of new outlets, cable companies who try out new cable bundles, and food companies who plan menu choices (such as an all you can eat shrimp dinner special) based on expected availability of key commodities (like shrimp).