Video: Rich McAvey, research vice president of Gartner, on digitalisation in the oil and gas industry

Digitalisation done in the right direction will further improve the uptime, productivity, energy efficiency and safety in the downstream industry

A wave of digitalisation is sweeping through the oil and gas industry. From supermajors to small independent operators, new digital solutions are being implemented in areas as diverse as geological surveying, drilling and refining. The result is significant efficiency gains and cost savings.

Refining and petrochemicals industry in the Middle East has made strong investments and good progress in the last ten years by developing, implementing and executing game-changing projects, building capabilities around digitalisation, and also by implementing innovations. The industry has built in a strong infrastructure.

There is a potential to build further on this infrastructure by applying the principles of digitalisation, which will transform the approach, make use of the huge amount of data that the industry is holding on, and build a lean, efficient and globally competitive industry in the region.

Rich McAvey is Gartner's research vice president for the oil and gas industry. McAvey’s research examines the impact of digital technologies on oil and gas companies, focusing on how business leaders can use digital technologies to optimise performance and how CIOs must change IT to remain relevant and impactful.

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