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Perspectives

An oil, gas, and chemicals industry perspective: Tech Trends 2019

Beyond the digital frontier

How can oil, gas, and chemicals organizations keep pace in a quickly evolving industry? By tackling transformation head-on and embracing change. As technology trends reshape how value is delivered to customers, leaders can pull ahead of the competition by adopting strategic and operational transformations and reimagining what it means to operate in a digitally driven global economy.

Technology trends facing the oil, gas, and chemicals industry

Technology disruption in the oil, gas, and chemicals industry is accelerating the pace of change and generating a nonstop stream of questions, challenges, and opportunities. To carry out their mandates, company leaders and industry professionals need to anticipate, understand, and remain a step ahead of emerging technology trends.

Focused, industry-relevant insights are critical to making this happen. This guide provides an oil, gas, and chemicals-specific perspective on Deloitte’s "Technology Trends 2019: Beyond the digital frontier" report. It examines several important trends impacting the industry, touching on the macro technology forces at play and how modern businesses can navigate digital transformation. These forces are actively shaping strategic and operational change, redefining information technology’s (IT) role within the enterprise, and forcing business leaders to reimagine what it means to operate in a technology-driven global economy.

Already, new digital innovations are helping to expand the supply of hydrocarbons and other resources, while lowering costs and increasing productivity. Advanced data analytics, artificial intelligence (AI), cognitive automation, and machine learning are helping to convert the industry’s vast troves of untapped data into actionable insights to underpin innovative business strategies. These and other technologies are also creating industry workforce opportunities and challenges.

Through real-world examples and key considerations, this publication should help oil, gas, and chemicals industry leaders gain a clearer view of what lies ahead and generate ideas for how they can shape that future to meet their evolving needs.

Technology trends facing the oil, gas, and chemicals industry

This year’s 2019 tech trends are:

Intelligent interfaces

Intelligent interfaces combine the latest in human-centered design with leading-edge technologies such as augmented reality, amplified intelligence, smart infrastructure, and advanced machine learning models. Working in concert, these techniques and capabilities can transform exploration, development, production, safety, and maintenance activities in the industry.

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Beyond marketing: Experience reimagined

Today’s astute customers expect highly personalized, contextualized experiences. To deliver them, leading chief marketing officers are looking inward to closer partnerships with their own chief information officers and a new generation of marketing tools and techniques powered by data-enabled emerging technologies.

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DevSecOps and the cyber imperative

To enhance their approaches to cybersecurity and cyber risk, forward-thinking organizations are embedding security, privacy, policy, and controls into their evolved IT delivery models. DevSecOps fundamentally transforms cyber and risk management from compliance-based activities (typically undertaken late in the development life cycle) into essential framing mindsets that help shape system design from the ground up.

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Beyond the digital frontier: Mapping your future

Digital transformation has become a rallying cry for business and technology strategists. Yet all too often, companies anchor their approach on a specific technology advance. Developing a systematic approach for identifying and harnessing opportunities born of the intersections of technology, science, and business is an essential first step in demystifying digital transformation, and making it concrete, achievable, and measurable.

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Connectivity of tomorrow

Advanced networking offers a continuum of connectivity that can drive development of new products and services or transform inefficient operating models. From edge computing and mesh networks to 5G, low earth orbit satellites, and ultra-broadband, oil, gas, and chemicals companies are taking advantage of advanced connectivity options to design tomorrow’s enterprise networks.

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NoOps in a serverless world

This industry benefits significantly from technologies and methods that help to increase productivity, effectiveness, and safety outcomes. Cloud providers have doggedly automated traditional infrastructure and security management tasks and are increasing the complexity and value of "as a service" capabilities. As a result, technical resources are interacting less and less with the underlying system infrastructure. Operations talent can shift to increasingly agile teams focusing on higher-order (and higher-value) activities that more directly support mission outcomes.

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AI-fueled organizations

Leading organizations are harnessing AI’s full potential for data-driven decision making and generating valuable insights. To become a true "AI-fueled" organization, a company needs to find AI’s place in the mission, rethink its talent, focus on human and machine interaction in its environment, and deploy machine learning across core business processes and enterprise operations.

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Macro technology forces at work

Nine technology forces (cloud, analytics, digital experience, blockchain, cognitive, digital reality, core modernization, cyber, and the business of technology) have been the backbone of innovation past and present. These forces are critical for organizations—their controlled collision can compound the effect of purposeful, transformational change. What is the "state of the state" of these forces today and how are organizations harnessing them?

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Learn more about Tech Trends 2019