OTC 2021 Keynote: Digitalization and the Ability for Previously Unimaginable Things

Digital transformation is about generating value, and a $1.5 trillion opportunity awaits.

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A full room of delegates gathered Aug. 17 during the Offshore Technology Conference (OTC) to talk digitalization in the oil and gas industry. A hot topic these days, the digital transformation and the utilization of data wisely have perplexed many in the sector. All three speakers at the OTC session, which looked at the evolution of digitalization in the industry of the next decade, agreed that most players in the sector are still a long way away from realizing the true value proposition of digitalization. 

“The pace of digitalization in the industry is relatively slow,” said Satyam Priyadarshy, chief data scientist and technology fellow with Halliburton International Inc. 

“It’s not going to happen overnight,” agreed Hani Elshawi, managing director with NoviDigiTech LLC.

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