In the oil and gas industry, investments tend to follow cyclical patterns, with periods of booms and busts. Despite challenges, the industry exhibits resilience as it adapts to evolving circumstances through emerging technologies. Today, facing mounting energy costs and resource constraints, refiners have a critical need for innovation. This drives a renewed focus on digitalization.
Digitalization initiatives encompass cloud adoption, cybersecurity enhancements, and integrated solutions supporting the Industrial Internet of Things (IIoT). Digital twins lead this transformation, offering insights and facilitating proactive decision-making. Challenges persist in managing complexity and ensuring data accuracy, addressed by our Automated Model Maintenance (AMM) application.
Download the paper to learn how the industry uses digital transformation to: