Published: 31 January 2023
Digital innovation is transforming the operations of oil and gas companies. Industry leaders are developing designs for intelligent assets that can optimize across objectives, support autonomous operations and control risk. As digital leaders, CIOs can use this research to accelerate progress.
Recent advances across digitalization, such as artificial intelligence (AI) and automation, have built organizational confidence in the value of digital technology. These advances have also narrowed the capability gap to design and construct intelligent assets.
The blending and consolidation of IT/operational technology (OT), the emergence of the industrial Internet of Things (IIoT), and the prevalence of SaaS/platform as a service (PaaS) services have changed mindsets regarding technology designs. Overengineered, custom-made solutions are giving way to leaner, faster and more agile technology deployments, building commitment for the efforts needed to construct intelligent assets.
The incremental cost for intelligent assets has been reduced
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