Published: 31 January 2023
Summary
Oil and gas CIOs have a tricky balancing act to perform, as they must deliver new business capabilities while streamlining the IT operating model. This research identifies four IT-oriented trends that will help CIOs to achieve these objectives.
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Overview
Opportunities
Flexible business models built on top of adaptable, yet efficient IT operating models provide competitive advantage in current oil and gas markets, characterized by decarbonization, energy transition and geopolitical turmoil. In this asset-intensive sector, organizations that can sustain flexible and resilient operations have the best opportunities for smoothly navigating industry turbulence.
A trend toward creating digital platforms (i.e., constructs that unify and consolidate solution delivery for related business capabilities) offers potential for increasing the value delivered by digital while simultaneously reducing its cost. Oil and gas companies are increasingly democratizing digital delivery, whereby digital delivery is managed closer to where
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