The Deloitte Oil and Gas Conference Focuses on the Digital Oilfield

The 2018 Deloitte Oil & Gas Conference: The game is changing, concludes, October 20, 2018, at the Marriott Marquis, Houston, Texas. The game of changing the oil and gas business is certainly the target. Deloitte is simply one out of many top corporations that desire to change the workplace with computers, cloud servers, big data, and virtual machines.

I spoke to Andrew Slaughter, Executive Director, Deloitte Center for Energy Solutions, and he confirms that business, including the energy business, will be transformed – from cradle to grave – into a fully digital experience. One of the things that caught my eye at the conference is how cloud servers are being used to monitor machinery remotely, store big data, and crunch big numbers – all without excessive bandwidth.

In Deloitte’s publication, “The Digital Oil and Gas Organization”, a snapshot is given of the goal being targeted by this cybernetic endgame.

Creating the digital oil & gas organization

“For oil and gas companies, this is a big deal – along the lines of the dawn of the assembly line in manufacturing – in terms of major advances in capabilities and outcomes. Tools like process automation, cognitive computing, blockchain, and more will usher in a massive wave of innovation in the industry. That’s why leaders are moving ahead with equal parts excitement and caution – excitement because of the possibilities that come with having real “digital DNA” embedded in the organization, caution because they know the stakes of getting it wrong. After all, nobody remembers those early automobile manufacturers who just couldn’t make sense of the assembly line.”