Digital Transformation in the Oil and Gas Industry: Challenges and Potential Solutions
Name
prestidge-kprestidge-sm-sdm-2022-thesis.pdf
Description
Thesis PDF
Size
1.82 MB
Format
Adobe PDF
Checksum (MD5)
9ba07f64a33668c82e78235012436b4a
Author(s)
Prestidge, Kelsey L.
Advisor(s)
Cusumano, Michael
Date Issued
February 2022
Publisher
Massachusetts Institute of Technology
Abstract
The digital transformation is proving to be a significant force for change globally and is especially true in the oil and gas industry. Many in the oil and gas industry struggle to understand what a digitally transformed future will look like. This thesis aims to explore the oil and gas digital transformation, its challenges, and potential solutions. By using this approach, organizations will be able to establish their organizations' current state (or baseline state), allowing them the opportunity to benchmark against what their future state will look like in the digital transformation environment. As oil and gas operators begin to contemplate the implications of their digital transformation and the coming changes to the upstream sector, all the key stakeholders must be engaged closely with the ecosystem to adapt to the disruptive trends. In the age of digital, oil and gas operators will also need to focus more on establishing partnerships that help promote technology innovation not only within their organizations but also within their business partners' organizations. Digital transformation will push the oil and gas industry out of its comfort zone. Oil and gas operators must prepare to embrace the discomfort to compete in the future.
MIT Department
System Design and Management Program.
Terms of Use
In Copyright - Educational Use Permitted
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