Recently, our E&P client acquired assets and as part of that acquisition needed to migrate data from one system to another.
Since Digital Transformation is so broad, delving into how it can help companies requires the process to be broken down to its stages.
Let’s face it, there is still a great deal of uncertainty around reopening our economy. Yes, most restaurants are operating at 50% capacity, retail stores are mostly open, and life in Houston has moved back to some semblance of normalcy.
Many companies do not put ample emphasis on preparing and maintaining a meaningful streamlined short-term cash forecasting process and are blindsided by unexpected events, such as COVID 19, reduced oil prices and economic crises like we experienced in 2008. These events can literally turn your company upside down overnight.
Every company wants to be data driven. Not only because it sounds good but because data delivers great insights in all aspects of your business. That being said, the idea of how to get there is widely debated. Should you focus on building reports or deriving analytics?
Companies are in different phases of their Agile journey. Some are well versed in Agile, some are still studying Agile methodologies, some are venturing into an Agile transformation, some are broadly ‘going Agile,’ and for others, Agile is not something they are considering.
The COVID-19 public health crisis continues to deliver unprecedented disruption to businesses around the world. For some companies, the financial impact has been catastrophic.
As we begin to re-open businesses and re-shape goals and future needs for organizations, it’s the perfect time to focus on ways to think efficiently, streamline processes, and work smarter, not harder!
As we look forward to the rest of 2020, we expect that oil and gas company investment in digitalization and innovation will continue – despite low oil prices.
We see one of these scenarios play out all the time: you have acquired a company and with it, new systems and you need to integrate your data; you have convinced your organization to move away from your current, often limited, software system to the best-in-class software system (congratulations); you have convinced your IT organization to move your database to the cloud; you are trying to move your application to a new environment, adopt a new platform, or technology; or you are moving systems and moving to the cloud all at the same time.
The future of many companies in the oil and gas industry rests on their ability to manage cash. In this time of crisis, now is the time for companies to focus on optimizing and implementing best practices around their entire Order-to-Cash processes.
The current Coronavirus lockdown and low oil and gas prices are forcing companies to make tough decisions. With cost-cutting and budget pressures, aligning the right person to the expertise needed for the critical initiatives requires two kinds of people: decision makers and those who can implement the decisions.
A Roadmap to Restarting Business: Many process companies shut down regularly. Auto assembly lines and oil refineries, for example, retool, and do maintenance and repairs during such periods of inactivity. They have elaborate plans and drilled protocols for shutdown and restart. But this time, things are different for everyone.
In the 20th century, oil was the most valuable commodity. In this century, it’s data. With AI, people use data in ways that were simply not possible before, opening up new areas of research, business, and opportunity. Using data, AI is able to run predictive modeling
When we talk about the need to digitize, it’s also important to note there is a recommended process and approach. We recommend these six steps to companies designing their digital strategy:
In the last decade, the United States healthcare system witnessed a mammoth transformation, moving away from a purely paper-based system to a digitized one. Now, around 96% of the country’s hospitals have