Digital Transformation
Capture the Value
of Digital Transformation
The energy transition has illuminated several potential scenarios as to the future of oil and gas as forms of energy. This has cascaded to high variability in future demand curves and ultimately to the future price. One impact of the energy transition has been in the space of capability…we are seeing high attrition of current workforce and less flow into the industry through talent pipelines. The experience is disappearing. Key challenges energy companies have are (1) capturing this experience before it is gone and (2) utilizing existing staff in the most effective and synergistic way.
It’s about
Integration
Digital Transformation is more than just digitizing your information, it goes well beyond. In fact, digitizing your information only provides 20% of the potential value of the investment; and that is via merely through a gain in time efficiency.
The other 80% of the value is sought by integrating the digitized information with the business…digitally capturing workflows, processes, procedures, heuristics, knowledge, incidents, experience, etc. Additionally, digital transformation is about changing the way the organization works, such as the use of collaboration rooms and centralizing support.
Transform
your business
Truly transforming your business digitally provides systematic learning and knowledge capture across projects and operations, which is much needed in a time when the experience in the business is leaving through attrition.
Digital systems have evolved significantly over the last 10 years and are the enabler to tackle the challenges facing oil and gas. Endeavor’s Digital Transformation Team can assist companies in assessing, developing, and implementing their digitalization strategy to maximize the value captured.
Our Approach
Endeavor has the depth of SME and Digital experience as well as breadth of perspective to address these areas within the energy ecosystem, both upstream, downstream, and for alternative energy. Endeavor has significant experience in optimizing business value by treating the business as a science.
With each situation being unique, we first undertake an assessment and check against best practices for the areas of concern within the business. A plan would be developed by the appropriate Team Members to address the issues identified during the survey. With Client approval, the plan will be initiated while providing the Client with feedback during the process. A final report will be provided to highlight the benefits associated with the changes implemented.
Our assessment addresses:
The Benefits
Upstream Digital Transformation Team
Let’s Talk
We will help you overcome strategic challenges to realize the business value you seek.