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Report: Demystifying Digitalization in Oil & Gas

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New report from Strategy& and Cognite identifies five key steps to a successful digital transformation.

The oil and gas industry is making significant strides in digitalization. After a few years of carrying out small-scale pilots, a number of oil companies are now leading the way.

However, some companies are still only at a very early stage of digital development. For them, taking the first steps on a digital transformation journey may seem daunting.

To explore how to develop winning strategies and digitally transform organizations, Cognite teamed up with Strategy&, PwC’s strategy consulting business. The resulting report is a part of Strategy&’s ongoing series “Drilling for data.”

Download the full report here

Together, Cognite and Strategy& identified five key steps that companies should consider when digitalizing their operations:

  1. Identify the right business problems.
  2. Think strategically.
  3. Decide what to digitalize first.
  4. Be mindful that models, processes, and culture may change.
  5. Identify the right technology partners.