“Today, the environment for oil and gas enterprises is tough. They must function more effectively than ever while maintaining high levels of safety and environmental protection.”

Oil and natural gas corporations used technology, as well as computing, but were slower to embrace the latest wave of digital transformation than companies in other industries. Many lack a cohesive digital strategy, significant competencies, and specific action plans.

The Digital Center for Oil & Gas transforms organizations digitally by cooperating with them to create more connected, intelligent systems, which use data to achieve substantial and lasting effects on their headquarters. In order to prosper energy businesses now and in the future, companies are developing cutting-edge solutions including world-class digital strategy, procedures, tools, and ability.

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Major Market Highlights:

Atos and IBM have expanded their global strategic cooperation to help businesses accelerate their digital processes. The objective of Atos and IBM is to jointly tackle commercial difficulties in the areas of manufacturing, energy, and services, oil and gas, retail, and transport. The focus will be on the optimization, packaging, transportation, and logistics optimization solutions and Smart's waste/energy monitoring/optimization solutions, asset life cycle management solutions, and asset monitoring & maintenance (MRO).
Gazprom and ICS Holding set up a common company in the Russian and world markets to develop and deploy digital solutions for the oil and gas industries. The development strategy of the new joint venture is to address, through the use of the technology Industry 4.0, the difficulties of digital transformation in the oil and gas sector.
Conclusion

The petroleum and gas industries face a disturbing demand from the COVID-19 and an oversupply to remain competitive. Digital, cloud computing, and the consequent new standard oil price convergence highlight the possibility for enormous industries transformation.

With innovation culture being instilled, data silos being broken down, internal resources developed, and partnerships developed, oil and gas firms may position themselves to be better placed for success through digital transformation.

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