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EngineeringBeat: Accelerating legacy system modernization

Cloud migration for oil, gas and chemicals enterprises

Organizations in the oil, gas and chemicals (OG&C) sector are accelerating their adoption of cloud-enabled technologies. They know that cloud can help them enhance operations, perform predictive maintenance, optimize supply chains, and leverage real-time analytics. However, modernization efforts often face steep challenges with complexity and costs.

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Discover cloud migration strategies that oil, gas and chemicals organizations can leverage to accelerate their modernization journeys.

Cloud migration strategies to streamline modernization

Legacy system modernization, whether it’s from customized systems or off-the-shelf software, can be complex. However, careful integration of legacy systems—especially if it’s augmented by artificial intelligence (AI), a comprehensive cloud migration approach implementing risk-based security, and collaboration with trusted partners—can help untangle complexities and streamline modernization efforts.

Three primary enterprise service delivery goals

1

Accelerate integration with modern technology

New data integration technologies like AI-powered middleware can streamline the migration process. Also, microservices and application programming interfaces can facilitate multiple integration paths for legacy systems and their data.

2

Untangle complexity with effective management

Metaclouds or superclouds for a “single control plane” can simplify multicloud management. This abstraction layer can synchronize cloud platforms to enhance efficiency and control and vendor lock-in.

3

Mitigate cyberthreats with risk frameworks

Integrating common risk-based frameworks with AI can help optimize vulnerability management with predictive analytics, real-time threat detection, faster incident responses, and reduced downtime.

4

Address cost concerns with cost-sharing strategies

Forming strategic partnerships and participating in joint ventures can enable OG&C enterprises to share modernization costs and gain the knowledge they need to accelerate their journeys.

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Cloud migration in action

With the acquisition of an EV charging company, a global energy leader faced challenges in migrating over 1,000 user accounts and emails, along with 30-plus applications, to its AWS domain. Deloitte used its cloud migration factory to streamline the effort. As a result, migration technical issues were minimized, and the project produced a 30% reduction in effort while maintaining full business continuity throughout the process.

Accelerate modernization for lasting business value

Legacy system modernization is imperative for OG&C organizations, but it is also incredibly complex and can present many challenges. The right cloud migration strategy can help an OG&C enterprise navigate the journey and realize the ongoing benefits of cloud migration: optimized costs, more efficient operations, deeper insights into the business, and the potential for innovative new business models that can support lasting growth and business value.

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Contributors

Kalyan Bheri, Deloitte Consulting LLP; Prem Kumar Kalapala, Deloitte Consulting LLP; Aswin Natarajan, Deloitte Consulting LLP

Connect with our team

Looking for a way to future proof your organization with the right modernization strategy that aligns to your business objectives? Get in touch with our experienced team to discuss how modernizing legacy systems can help you boost revenue, drive innovation, and foster growth.

 
 
 
 
 
 
 
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