Today, digital is a key enabler in oil and gas to reduce costs, make faster and better decisions, and to increase workforce productivity. For the vast majority of oil and gas companies, however, it remains difficult to translate digital efficiency into better, financial performance and new business growth.
Digital is not yet delivering where it truly counts—in improved financial performance for oil and gas companies. In contrast, disrupters in other industries have used digital to unlock greater value in core businesses, value chains, and through new business models within and across sectors. They master the layer of complexity digital brings and leverage it extensively. Find out how oil and gas organizations can shift business models to pave new digital routes to growth.
Learning from innovative disruptors, here are five ways to avoid being left behind in the race to digital transformation.
Look well beyond efficiency
Innovation is the springboard to greater value
Deliver an improved customer experience
Grasp the full potential for growth
Integrate for improved safety, efficiency and growth
Accenture’s Digital Performance Index analysis, based on a study of 343 leading global companies across eight industries, including oil and gas, reveals that most are capable of using digital technologies to create business efficiencies. Few, however, are exploiting them to substantially improve performance for the long run.
Our results indicate that the Digital Disrupters have a clear advantage over the energy companies in the survey sample. Explore how a comprehensive approach to digital can enable companies to become Digital High Performers.