“The top 3 strategic business priorities for CEOs in 2022 are growth, technology initiatives and corporate actions.”  

“One-third of CEOs want to aim for higher digital vision and ambition in 2022 and beyond.”

“CEOs intend to invest in the kinds of resources CIOs need to drive digital business change: digital capabilities, IT, people and culture, business services, including management consulting, and more.”

“Given CEOs’ priorities, CIOs should focus digital change efforts in four key areas: 1) sustainable profitability 2) sharper proposition 3) engaged people and 4) renewed purpose.”

“When asked about post-COVID-19 individual and social behavior changes, CEOs are focused on employees more than customers.”

“ESG mentions by CEOs as a top strategic business priority are up 303%. Most CEOs agree that ESG is an investment that attracts more customers, investors and talent.”

“Artificial intelligence was the most frequently cited technology that CEOs believe will most significantly impact their industries over the next three years.”

“This obstacle can be overcome by recruiting contingent workers, which includes contractors, free workers and gig workers who are borderless by nature. Currently 35% of organizations are recruiting gig workers.”

“Unless managed well, national cultural differences can be a conflict rather than a synergy.” 

“There are three main clashes in cross-cultural interactions: 1) Decision Making, 2) Conflict Resolution 3) Performance Feedback.”

Decision Making: “In countries that have a collective national culture, for example India, do not criticize or contradict a colleague publicly.”

Conflict Resolution: “It is important to preserve harmony and look for a mediator to resolve conflicts.” 

“A do nothing response to the current disruption is not an option for oil and gas CIOs.”

“Oil and gas CIOs can rely on north star objectives to cut through the chaos, and guide diverse teams towards one goal. The path to north star objectives is shaped by technology trends.” 

“There are five key technology trends that are shaping the oil and gas industry: Intelligent Operations,Composable Applications, Autonomous Systems, Cloud-Edge Architecture and Enterprise Data Fabric.”

1) Intelligent Operations: “It is a strategy where physical systems are represented, configured and controlled by intelligent software. Think of oil wells, pipelines and drills that can collaboratively operate without any human intervention.”

2) Composable Applications: “Enabling fusion teams to innovate quickly requires composable applications. This includes rapidly assembled low-code or no-code applications.”

3)Autonomous Systems: “These are categorized by three key characteristics:independently operate itself; learn and modify; and use learnings of internal state to guide future decisions. These systems can help solve new-age issues such as finding new oil wells using data and reducing greenhouse gas emissions in the future.”

4) Cloud-Edge Architecture: “It refers to a common general purpose computing infrastructure that is present in all locations. Using cloud-edge architecture, engineers and analysts can source data from remote locations and craft effective decisions.”