One way that oil and gas companies can ensure these returns is by driving digital transformation initiatives with existing equipment and assets. In this article, we will describe digital transformation at a high-level, then explore its three key phases—evaluation, implementation, and scale and optimization. What is digital transformation? This translates to great opportunity for increased revenue from assets, driven by digital transformation projects. Many oil and gas operators often fall into one of two traps when they are in the evaluation phase of a digital transformation project.

Source: Forbes June 28, 2023 23:02 UTC