Paradigm shift in Oil and Gas industry
There’s disruption all around us. Over the past three decades, the rise of high-speed internet, exponential growth of computational power, and ever-decreasing costs of data storage have drastically changed how we live, what we interact with, and how businesses operate. The democratization of data and technology provides easier access to things that we have never imagined. It helped organizations to push boundaries and disrupt the status quo. Not only are technology trends shaping business models, but ever-evolving behaviors and expectations from consumers are impacting organizations’ current practices. The advent of the Information Age has been transformative – industry after industry, ranging from law, media, and manufacturing have evolved value propositions, company missions, business models and operating practices to adapt to the paradigm shift. Traditionally, the Oil & Gas industry has been on the cutting edge of technology, rapidly adopting new technologies to enable optimal ...