Data is the “New Oil”

Oil and gas companies now realize data is the new oil, and there is plenty of this “new oil” lingering in siloed islands in the oil and gas enterprise. There is a huge potential to monetize this data and achieve a step change in efficiency across the value chain. With the help of intelligent technologies, oil and gas companies can achieve the “Digital Energy Network” with connected assets, connected workers, connected logistics, and connected oilfields. According to research, the most significant impacts of intelligent enterprise technologies on oil and gas will be cost optimization, high-level process automation, new business models, and enhanced productivity.

Read More at The Digitalist by SAP >