Natacha Baroni, Head of Energy Product Marketing at T-Mobile for Business
Executives at oil and gas companies are looking for more agile and efficient operations through digital transformation in the energy industry and digitally altered business models. The investments made to modernize technology now will translate into future revenue.
According to the recent IDC TechBrief: Services Solutions, enterprises can move forward in one of two ways: build or buy.
Build or buy?
If a project doesn’t require extensive configuration, it’s possible to complete it in-house. In fact, for some tasks, in-house digital engineering capabilities are mandatory. But complications that trip up in-house projects include staff turnover, complexity, security concerns, and insufficient expertise.
That’s where skilled service partners come in. Oil and gas companies are now more comfortable bringing in technology vendors to help transform their operations. Technology companies today provide offerings ranging from system integration, strategy development, engineering, and managed services. Typical projects range from automating rig or production site operations to back-office task execution with robotic process automation.
One critical success factor is a well-defined scope, which is the byproduct of a strong relationship between the vendor and client. But assuming a technology service company has wide-ranging domain experience, they may be able to support a wide scope.