digital-transformation

Call for digital transformation of Oil & Gas industry

As the oil prices have been falling since June 2014 and worldwide oil production is outpacing demand there emerges an immediate need to transform for oil producing companies. In a recent study conducted by Cisco it revealed a $50 bn oil and gas (O&G) firm can increase profit by 11 % if they enhance IoE adoption. It said adopting digital technologies Internet of Everything (IoE) powered can generate $600 bn.