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.”
Together, Cognite and Strategy& identified five key steps that companies should consider when digitalizing their operations:
- Identify the right business problems.
- Think strategically.
- Decide what to digitalize first.
- Be mindful that models, processes, and culture may change.
- Identify the right technology partners.