Accelerating Digital Transformation in E&P Business

2021 ◽  
Author(s):  
Anak Karim
Keyword(s):  
User Interfaces ◽  
Business Processes ◽  
Economic Value ◽  
Digital Technologies ◽  
Oil Prices ◽  
Digital Transformation ◽  
The Internet ◽  
It Systems ◽  
Advanced Analytics ◽  
The Internet Of Things

Abstract What is Digital Transformation? The intersection and confluence of four technologies – elastic cloud computing, big data, artificial intelligence (AI), and the internet of things (IoT) write (Siebel, 2019) is fundamentally changing how business and governments operate in the 21st century. It is somewhat of necessity as to how the industry and markets must behave today and some describe using digital technologies and advanced analytics for economic value, agility, and speed. Industry analysts are in unison when they say that "investing in technology is not the same as digital transformation", it does not simply apply to changes in the company IT systems or simply the migration of company business processes, systems, and tools to funkier platforms with "cool" user interfaces. (Priyadarshy, February 2018) rightly said that while the E&P industry is more than 100 years old and has seen many ups and downs, the prolonged and cyclical impacts of decreased oil prices since 2014 warrants the need for transformational modification for the industry to remain operationally viable. The Upstream sector did start the digital journey from many decades ago and with incremental improvements. Among the first steps being the creation of data via traditional supervisory controls and data acquisition systems (SCADA) and ingestion of operations report which were not fully digital such as daily operations, drilling and log reports. Over the years after that, as further back as two decades ago, the E&P industry claims to have adopted digitization and digitalization in the form of digital oilfields, however, this has failed to generate significant economic value (Priyadarshy, February 2018).

Digital Transformation in the Event Industry

2021 ◽  
Author(s):  
Ioannis Karamitsos ◽  
Mohamed Salama
Keyword(s):  
Business Processes ◽  
Digital Technologies ◽  
Organisational Culture ◽  
Digital Transformation ◽  
Event Management ◽  
Digital Era ◽  
Use Of Technology ◽  
The World ◽  
The Internet Of Things ◽  
Corporate Information

Digital transformation (DT) is becoming an important topic for organisations and industries around the world (Kaufman & Horton, 2015; Von Leipzig et al., 2017). It is anticipated that some organisations will be unable to adapt easily to the new digital era, and executives are struggling to understand how digital transformation affects their organisations. Digital transformation is not only about investing in digital technology but refers to how organisations restructure themselves to adapt and shift organisational culture to enable developments that exploit technology and bring their businesses to new growth rates. Digital transformation has also appeared in the event industry, presenting digital solutions to optimise the event management process. The basic idea of the digital transformation comes from the blending of personal and corporate information environments and integrates the transformative effect of new digital technologies such as social, mobile, analytics, cloud and the Internet of Things (Kane et al., 2015.). A broad definition describes it as the integration of digital technologies and business processes into a digital economy (Liu et al., 2011). A similarly broad view holds that the use of technology can radically improve a business’s performance or impact (Westerman et al., 2014a).

scholarly journals Strategic development of scientific and technical potential of industry during the digital transformation of economy

2021 ◽  
Vol 14 (4) ◽  
pp. 410-417
Author(s):  
T. O. Tolstykh ◽  
S. E. Afonin
Keyword(s):  
Artificial Intelligence ◽  
Digital Technologies ◽  
Digital Transformation ◽  
The Internet ◽  
Strategic Development ◽  
Industrial Enterprises ◽  
Current State ◽  
Technical Potential ◽  
The World ◽  
The Internet Of Things

Currently the speeding up of digital transformation makes it obvious that application of digital technologies and the degree of involvement into digital transformation is an essential and significant aspect of scientific and technical potential of an industrial enterprise. The article is devoted to the analysis of trends and prospects of development of basic technologies which are the basis for digital transformation of the world economics: the Internet of things, artificial intelligence, robotization and technologies of the big data processing. The authors present the assessment of the current state of digitalization for Russian industrial enterprises by analyzing the data on the implementation of the above mentioned technologies in business-process.

Prospects for digitalization of the environmental monitoring system

2021 ◽  
Author(s):  
M.A. Viderker ◽  
E.V. Rassadina
Keyword(s):  
Artificial Intelligence ◽  
Environmental Monitoring ◽  
Monitoring System ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Nature Management ◽  
The Internet ◽  
Advanced Technologies ◽  
Environmental Monitoring System ◽  
The Internet Of Things

Currently, digitalization affects various sectors of the economy. The state plays a significant role in regulating digitalization. Digital transformation opens up great prospects for the ecology and nature management industry. The main advanced technologies that will allow the industry to reach a qualitatively new level are big data, the Internet of Things and artificial intelligence. The introduction of digital technologies and platform solutions into an integrated environmental monitoring system will allow to quickly carry out integrated collection, processing and analysis of data, forecasting and management decisions on environmental protection issues, and ensure the openness of data and decisions made. Key words: digital technologies, digitalization, digital economy, ecology, nature management, environmental monitoring.

Tendencies of development of modern innovative technologies and the digital economy

2018 ◽  
Vol 35 (2) ◽  
pp. 40-47
Author(s):  
S. M. Doguchaeva
Keyword(s):  
Internet Of Things ◽  
Digital Economy ◽  
Digital Transformation ◽  
The Internet ◽  
Successful Development ◽  
Innovative Technologies ◽  
Digital World ◽  
Blockchain Technology ◽  
The Internet Of Things

The era of digital transformation provides the opportunity for leading companies to change priorities - to begin to take care of the support environment using innovative technologies and become a leading creative platform open for innovation. The successful development of the digital world, the blockchain technology, the Internet of things – the mechanism which will change the financial world. 

scholarly journals Tangibly understanding intangible complexities: Designing for distributed autonomous organizations

2019 ◽  
Vol 6 (1) ◽  
pp. 47-63 ◽  
Author(s):  
Bettina Nissen ◽  
Ella Tallyn ◽  
Kate Symons
Keyword(s):  
Distributed Systems ◽  
Interaction Design ◽  
Digital Technologies ◽  
Interactive Systems ◽  
Collaborative Practice ◽  
The Internet ◽  
The Face ◽  
Future Technologies ◽  
The Internet Of Things

Abstract New digital technologies such as Blockchain and smart contracting are rapidly changing the face of value exchange, and present new opportunities and challenges for designers. Designers and data specialists are at the forefront of exploring new ways of exchanging value, using Blockchain, cryptocurrencies, smart contracting and the direct exchanges between things made possible by the Internet of Things (Tallyn et al. 2018; Pschetz et al. 2019). For researchers and designers in areas of Human Computer Interaction (HCI) and Interaction Design to better understand and explore the implications of these emerging and future technologies as Distributed Autonomous Organisations (DAOs) we delivered a workshop at the ACM conference Designing Interactive Systems (DIS) in Edinburgh in 2017 (Nissen et al. 2017). The workshop aimed to use the lens of DAOs to introduce the principle that products and services may soon be owned and managed collectively and not by one person or authority, thus challenging traditional concepts of ownership and power. This workshop builds on established HCI research exploring the role of technology in financial interactions and designing for the rapidly changing world of technology and value exchange (Kaye et al. 2014; Malmborg et al. 2015; Millen et al. 2015; Vines et al. 2014). Beyond this, the HCI community has started to explore these technologies beyond issues of finance, money and collaborative practice, focusing on the implications of these emerging but rapidly ascending distributed systems in more applied contexts (Elsden et al. 2018a). By bringing together designers and researchers with different experiences and knowledge of distributed systems, the aim of this workshop was two-fold. First, to further understand, develop and critique these new forms of distributed power and ownership and second, to practically explore how to design interactive products and services that enable, challenge or disrupt existing and emerging models.

scholarly journals ESTIMATION OF BUSINESS VALUE AS AN ELEMENT OF FORMATION OF BUSINESS MODELS OF INDUSTRIAL ENTERPRISES AND AGRICULTURAL COMPLEX IN THE CONDITIONS OF DIGITALIZATION OF THE ECONOMY

2020 ◽  
Author(s):  
Maksym Odnorog ◽  
◽  
Mykhailo Pivtorak ◽  
Oksana Zagorodniuk ◽  
◽  
...  
Keyword(s):  
Best Practices ◽  
Business Models ◽  
Business Processes ◽  
New Technologies ◽  
Digital Technologies ◽  
Economic Security ◽  
Digital Transformation ◽  
Enterprise Management ◽  
Industrial Enterprises ◽  
Digital Management

To date, digital technologies and their widespread practice have formed the potential for completely new business models. However, most organizations are either in the early stages of the digital transformation process, or do not yet dare to form a digital business model that will provide real benefits from digital technologies. In any case, taking into account the enormous pace of global digitalization, it is extremely important to adapt the best practices of digital transformation to the improvement of the Ukrainian economy as soon as possible. Based on this, consider the process of researching new and adapting existing management models. Digital transformation – the introduction of modern technologies to radically change the business models of enterprise management today is considered the most important topic for organizations around the world. The requirements of the new digital economy represent the digital transformation as a conscious strategic process of business modification through adaptive management and implementation of digital technologies, ie the restructuring of existing business models. The same happens at industrial and agro-industrial enterprises, the analog period of which is coming to an end. Industries are entering the digital age, thanks to which enterprises are developing in accordance with the new focus. For this reason, it is very important for the formation of digital models of enterprise management to strategically understand the possibilities of digital technology development in their connection with business processes and business models. The analysis of the main traditional models of effective management of enterprises was carried out and their fundamental differences from the Ukrainian approach to management were revealed, the possibilities of implementation of the principles of existing business models by Ukrainian enterprises were considered. In addition, a roadmap for the transition from a traditional to a digital enterprise was proposed for consideration. The process of modeling the digital management system of the enterprise is revealed. Currently, a prerequisite for the prosperity of the economy of industry and agriculture and, consequently, the economy of Ukraine, is adaptive digital management as a basis for economic security of the enterprise. It was found that the relentless introduction of digital technologies, «copying best practices» can later be in reality as dangerous as the refusal to master new technologies. Therefore, choosing the direction of your own digitization, you must first study everything thoroughly, so as not to miss the moment and not to remain in the ranks of the latter or in the past.

scholarly journals IR4.0: unmanned store apps

2020 ◽  
Vol 17 (3) ◽  
pp. 1540
Author(s):  
Saidatul Rahah Hamidi ◽  
Muhammad Afiq Muhamad Yusof ◽  
Shuhaida Mohamed Shuhidan ◽  
Shamsiah Abd Kadir
Keyword(s):  
Internet Of Things ◽  
Comparative Study ◽  
Industry 4.0 ◽  
Technology Innovation ◽  
Digital Transformation ◽  
Strategic Marketing ◽  
Retail Industry ◽  
The Internet ◽  
The Comparative Study ◽  
The Internet Of Things

<span>The Internet of Things (IoT) is predicted to be one of the major megatrends in technology that applies worldwide including in Malaysia. Current advantages and expectations of using a connected device has become a reason to use applications in many areas, including the field of retail industry. The evolvement of technology has changed the retail landscape that replaces the manpower in their operations to improve the efficiency, quality and work ethics. Hence, this paper discussed comparative study of technology innovation applied and process flow in unmanned store from different country. Next, prototype of unmanned store apps was designed according to the most preferred technology based on the comparative study. IoT retailer model can be used to improve the retail experience for the customers. Thus, it may perform strategic marketing and gain retail intelligence. Besides, the revolution of using technology in this retail industry is contributing towards Industry 4.0 through digital transformation.</span>

scholarly journals E-Leadership: The Implication of Digital Transformation for Leadership in Organizations in Africa

2020 ◽  
Author(s):  
Fetnani Cecilia
Keyword(s):  
South African ◽  
Large Scale ◽  
Business Processes ◽  
Digital Technologies ◽  
Structuration Theory ◽  
Leadership Competencies ◽  
Digital Transformation ◽  
Scale Transformation ◽  
Network Systems ◽  
Case Study Methodology

The paper discusses electronic leadership (e-leadership) competencies that would ensure organizational competitiveness in the digital transformation of an organisation or a unit of an organisation. Like any other large-scale transformation of a business that has high failure rates, digital transformation can fail and it is failing in organisations in Africa; making them bankrupt requiring business rescue or taking them completely out of business. Digital transformation is considered as the process of using digital technologies (integrating cyber-physical systems (CPS) i.e., (intelligent network systems) and business processes) to create and improve production, sustain customer experiences; thus, the use of digital technologies to integrate business process, office automation, industrial process and factory automation to transform business. It is therefore argued that most African organizations are currently faced with the critical challenge of determining the pre- convergence and convergence of technologies, their alignment with strategy and their integration with business processes and systems to build digital business infrastructure for competitiveness. The concept of enactment of technology-in-practice derived from Adaptive Structuration Theory was used as a lens through which to understand and interpret the implications of the digital transformation on leadership competencies to derive e-leadership profile to lead African businesses in the digital age. As such the objective of this paper is to determine the competencies of e-leadership to lead digital transformation agenda of an organization in a highly and digitally competitive marketplace. It is a qualitative study, using an interpretative paradigm in a case study methodology where semi- structured interviews were used to collect data from each unit of analysis representing specific South African based businesses. The selected Cases in South African were extensively investigated. The enactment of e-leadership derived from AST is proposed to lead digital transformation. The implication is that the deployment of e-leadership in an organization has a potential to yield benefits such as the creation of higher organisational flexibility, empowerment of staff and strategic/competitive advantages for the organization. This paper proposes that having effective e-leaders in an organisation would lead to adequate appropriation of digital technologies to digitally transform an organisation.

scholarly journals Legacy Digital Transformation: TCO and ROI Analysis

2021 ◽  
Vol 12 (3) ◽  
pp. 163-170
Author(s):  
Ravi Kiran Mallidi ◽  
Manmohan Sharma ◽  
Jagjit Singh
Keyword(s):  
Return On Investment ◽  
Business Models ◽  
Business Processes ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Digital World ◽  
New Business ◽  
Core Elements ◽  
Business Needs ◽  
Security Organizations

Legacy Digital Transformation is modernizing or migrating systems from non-digital or older digital technology to newer digital technologies. Digitalization is essential for information reading, processing, transforming, and storing. Social media, Cloud, and analytics are the major technologies in today's digital world. Digitalization (business process) and Digital Transformation (the effect) are the core elements of newer global policies and processes. Recent COVID pandemic situation, Organizations are willing to digitalize their environment without losing business. Digital technologies help to improve their capabilities to transform processes that intern promote new business models. Applications cannot remain static and should modernize to meet the evolving business and technology needs. Business needs time to market, Agility, and reduce technical debt. Technology needs consist of APIs, better Security, Portability, Scalability, Cloud support, Deployment, Automation, and Integration. This paper elaborates different transformation/modernization approaches for Legacy systems written in very long or End of Life (EOL) systems to newer digital technologies to serve the business needs. EOL impacts application production, supportability, compliance, and security. Organizations spend money and resources on Digital Transformation for considering Investment versus Return on Investment, Agility of the System, and improved business processes. Migration and Modernization are critical for any Legacy Digital Transformation. Management takes decisions to proceed with Digital Transformation for considering Total Cost Ownership (TCO) and Return on Investment (ROI) of the program. The paper also includes a TCO-ROI calculator for Transformation from Legacy / Monolithic to new architectures like Microservices.

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