How IT Can Enable Oil & Energy Firms to Survive the Oil Price Slump

IT in energy companies

start by creating a common enterprise model accurately - show how IT-systems are supporting business processes - identify the need for process information and data.

Many firms in the oil sector are struggling due to the steep drop in oil prices.  Across the sector there has been a reduction in investment, and in many cases downsizing.  Planning for the future in these times can be tough, and changes need to be made in order to survive.  

However, some firms are not only working on surviving but also putting themselves in a strong position to capitalise on opportunities when oil prices eventually rise and stabilise. 

Furthermore, these firms are also making big changes towards digitalisation, and modernising the way they do business in spite of the slump.

 

Enabling Positive Change

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