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IoT Impact on Oil and Gas Transformation in Latin America

IoT Impact on Oil and Gas Transformation in Latin America

  • September 2018
  • 26 pages
  • ID: 5571905
  • Format: PDF
  • By IDC

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In a world of constant transformation where digital technology is impacting every industry and will serve as the basis for the 4th industrial revolution, the Oil & Gas industry is also pushed to transform to stay as the most competitive source of energy, this becomes even more critical with pricing pressures, as well as environmental and safety regulations which add more complexity to traditional companies' operations. In this document we will explore how digital transformation is impacting the Oil & Gas industry, giving a general view of the market reality and how different use cases that involves many of the innovation accelerators such as Internet of Things, Artificial Intelligence, Cloud, among others are developing around the world in order to achieve those efficiency goals. We will also see how this reality is impacting in Latin America, what some companies in the region are planning and finally revise top digital predictions impacting this industry with IDC advice for IT professionals as well as service providers. "The disruptive Oil & Gas industry evolution towards gaining efficiency and effectiveness along with the discover of new vast crude Oil & Natural Gas reserves will give a new hope for the top Latin American economies to become first self-sufficient on energy production and then even capable to export their surplus." Says Juan Pablo Seminara, Enterprise Solutions Manager, Latin America. "Leveraging Digital Transformation technology trends trough the implementation of successful and proved use cases will give a key extra push to gain competitiveness on extraction and ease the path towards business integration within the whole value chain"

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