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Digitalization in Oil and Gas Industry

This document summarizes digitalization in the oil and gas industry. It states that digitalization is seen as a remedy for operational efficiencies, safety, and lack of visibility. It correlates digitalization to the core business by employing digital technology as a cost-cutting tool. It also integrates financial processes and organizational information into digital solutions. The document then discusses how the oil and gas industry was initially reluctant to adopt digitalization due to high costs and investments. However, factors like robust new technology and impacts on back-office operations like finance have now made digital transformation a priority. The advantages of digital transformation include improved decision making, increased uptime, optimized production, enhanced safety management, and reduced costs.

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Mohit Singh
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207 views8 pages

Digitalization in Oil and Gas Industry

This document summarizes digitalization in the oil and gas industry. It states that digitalization is seen as a remedy for operational efficiencies, safety, and lack of visibility. It correlates digitalization to the core business by employing digital technology as a cost-cutting tool. It also integrates financial processes and organizational information into digital solutions. The document then discusses how the oil and gas industry was initially reluctant to adopt digitalization due to high costs and investments. However, factors like robust new technology and impacts on back-office operations like finance have now made digital transformation a priority. The advantages of digital transformation include improved decision making, increased uptime, optimized production, enhanced safety management, and reduced costs.

Uploaded by

Mohit Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Digitalization in Oil and Gas Industry

Prepared By,
Mohit Singh (20181051)
Supratik Dass (20181052)
Deep Thumar (20181053)
Dewang Tiwari (20181054)
PROVIDING SUTAINABLE SOLUTIONS
Digitalization is seen as It correlates to the It integrates the
remedy for all the core business and financial process and
industry’s problems employs digital organisational
from operational technology as a cost information into any
efficiencies, safety and cutting tool. of its digital solution.
lack of visibility.

DIGITALIZATION & IT’S FUNCTIONS IN OIL AND GAS INDUSTRY


RELUCTANT TO ADOPT DIGITALIZATION

 High investments of time and personnel.


 There was little incentive to go through
the effort and expense of a digital
transformation when prices were high and
profits were flowing.
NOW IT’S TIME TO GO DIGITAL

 The robust nature of the latest technology. The consumer


internet couldn’t handle the volume of data oil and gas
needs for digital solutions to be meaningful.
 Even in back-office operations, like finance, digital solutions
have had great impacts.
 The fundamental driver is simple: leveraging the power of
digital technology to transform business operations can
deliver real, sustained value to the bottom line.
ADVANTAGES OF DIGITAL TRANSAFORMATION

Improve decision making

Increase uptime

Optimize production

Enhance safety management

Reduce costs
 Proclink consulting was born in 2014 as a division of rapidly growing financial analytics and technology
development company having headquarter in US and delivery center in India.
 In 2017, Proclink consulting was carved out as a separate company in order to have dedicated
management and growth strategies implemented.
 Our business is organized in two division – Solutions and Services, Innovation and Product
Development to serve Oil and Gas Industries, City development authorities and Public services
 Proclink is rapidly growing and expanding the business in Asia, Europe and North America Continents
Satellite Link

WHY PROCLINK ?
WE BELIEVE IN MAKING IT EASIER FOR ORGANISATIONS TO WORK AND GROW ON AN INTERNATIONAL SCALE
#BEHIND THE SCENES

THANK YOU !

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