Digitalization is shrouded in buzzwords and technical jargon. Learn how to navigate the jungle of digitalization and pinpoint the value creating applications with Rystad Energy.
The energy sector is increasingly embracing the digital transformation, enabled through rapid advancements in data storage, processing capacity, sensor technology and connectivity. Digitalization holds the potential to transform the industry through incremental efficiency improvements, but also through the transformation of business models and value chains.
Unfortunately, digitalization is also an area full of buzzwords, failed or misunderstood initiatives, non-value creating applications and tribal lingo. Which leads to many industry players struggling to navigate this jungle of buzzwords – from deep learning and data platforms to digital worker, smart maintenance and system integration.
We at Rystad Energy have extensive experience in understanding what works and creates value in the energy sector, and what does not. Through our industry knowledge we are able to quickly recognize the potential of new technologies and how they might fit into the current ecosystem, and understand their inherent market potential.
Digitalization continues to disrupt industries, and the energy industry is no exception. Be sure to maintain the necessary competitive edge and be the disruptor, rather than the disrupted.