Challenges faced by Oil & Gas Industry
Due to the fall in production and a dramatic decrease in drilling exploration, Oil and Gas operators everywhere are now focusing more improving productivity and maximising efficiency to improve the bottom line. Another major challenge is the fluctuating oil prices, severely affecting companies, government and common man as other industries too are directly or indirectly dependent on oil. Companies try to control costs by optimizing operational performance. Although this sector is one of the first to embrace digital transformation, most systems are functioning in silos. As a result, although they are sitting on terabytes of data, actionable insights which can drive true innovations can make all the difference.
Harnessing the Emerging Technologies
Many Oil and Gas companies across the globe have started embracing these latest technologies such as Intelligent Automation (IA), Robotic Process Automation (RPA), Artificial Intelligence (AI), Advanced Analytics and others for the digital transformation of core processes and internal operations such as IT, Finance and HR. The core Oil and Gas processes are Upstream, Midstream and Downstream. Companies leverage the emerging technologies for finding new sources of oil, Field Operations, Predictive maintenance, safety checks, demand and supply planning, logistics and more.
What We Do
At 10xDS, we utilise cutting edge technologies to help companies within the oil and gas industry to overcome the challenges they are currently facing. Our extensive expertise in developing transformational strategies and leading digital and operational approaches helps deliver real value and contribute to a path toward decarbonization. Our vision is to transform many corporate functions, upstream midstream and downstream processes using exponential technologies.