Building Digital Spine of Oil & Gas Enterprises for Competitive Advantage
A core digital strategy is critical for success in Business 4.0TM world
Building a digital spine helps oil and gas organizations better utilize their asset base and improve efficiencies. The I-B-A-V-C framework based on Business 4.0TM technologies – intelligent, agile, automated, and on the cloud – helps operationalize the digital spine. The framework stands for:
I - Infrastructure development through adoption of IoT, cloud, and IT-OT integration.
B – Building the base through enterprise wide API framework, integrated with mobility platforms.
A - Adopting analytics to enable real time monitoring and maintenance.
V - Visualization to track real-time performance of oil wells on-the-go.
C - Cybersecurity assessment to ensure data security, transparency, and authenticity.
Digital transformation in oil and gas can enable organizations to:
- Create a resilient IT backbone with a flexible cloud infrastructure.
- Leverage core digital technologies such as analytics or IoT.
- Develop an agile methodology to scale innovation.
- Seamlessly interconnect components, systems, and people.