Published: 11 April 2022
Summary
Oil and gas relies heavily on digital for innovation, but volatile energy markets can impede progress. As the industry shifts toward adaptive, composable and agile business capabilities, strategy leaders can leverage this trend to help organizations establish and sustain digital resiliency.
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Overview
Key Findings
Energy markets will remain volatile in the years to come. Enterprises that maintain their focus on strategic priorities during inevitable market swings and rapidly adapt their digital programs to market conditions will outperform their competitors.
Shifting digital work toward smaller projects that can be individually accelerated or slowed — without compromising strategic objective alignment — enables companies to reshape their digital portfolio while still delivering efficiency and innovation objectives.
Planning for technology investments is inherently complex, and the burden of trying to get a long-term plan right in a volatile market is resource-intensive, perhaps even futile.
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Analysts:
Corporate Strategy Research Team