Replacing The Technology Patchwork For The Next Generation
Improving technology will allow the industry to replace old, patched-together systems of the past as it transitions to a younger, tech-savvy staff.
Deanna Murray, Contributor
The profound effect of process automation on the oil and gas industry will continue being felt as there is no sign of slowing—evidenced by many of the industry’s largest firms dedicating the majority of current information technology (IT) budgets to comprehensive automation strategies that optimize performance.
Many of today’s oil and gas companies were built upon a foundation fashioned when resources were slim and speed to market was king. During these early times, demand was high and resources were hard to develop. As the complexity of the industry’s organizations increased, centralized functions were regularly built on top of already aging infrastructure and eventually resulted in lagging productivity that, many times, compounded on itself.