Digital Transformation in Oil and Gas Industry
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Added on 2020-04-13
Digital Transformation in Oil and Gas Industry
Added on 2020-04-13
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Running Head: LOGISTICS AND OPERATIONS IN OIL AND GAS INDUSTRYDigital Transformation in Oil and Gas IndustryName of the StudentName of the University
1LOGISTICS AND OPERATIONS IN OIL AND GAS INDUSTRYExecutive SummaryOil and gas industry is the technical field that has been entirely based on field work and technicalsetup. As a result, the performance of this industry mainly depends upon the efficiency of humanwork force as well as the mechanical instruments involved in production and logistics. However,with the intervention of digital technology, it has been seen that the industry has gained massiveimprovements in the operations and market performances. The effects of the digitalization and itseffects on the oil and gas industry have been analyzed and discussed in this report.
2LOGISTICS AND OPERATIONS IN OIL AND GAS INDUSTRYTable of Contents1.0 Introduction................................................................................................................................32.0 Digital Transformation in Royal Dutch Shell Company...........................................................32.1 Three Digital Technologies and Organization’s Profitability...................................................42.2 Cloud Based ERP System..........................................................................................................62.3 Logistical and Operational Challenges......................................................................................72.4 Key Human Behavioral Issues in the Chosen Organization......................................................83.0 Conclusion.................................................................................................................................94.0 Recommendations....................................................................................................................10References......................................................................................................................................12
3LOGISTICS AND OPERATIONS IN OIL AND GAS INDUSTRY1.0 IntroductionDigitalization is a trend that is taking each and every industry by storm and has created arevolution in the field of commerce. All commercial organizations are using the aid of digitaltechnology to enhance their business processes as well as take maximum technological benefitthat helps to boost their revenues and operations. Oil and gas industry is generally based ontechnical and field work and all its operations are based on the field performance. However, ithas recently taken the help of digitalization to enhance its business process and operations(Perrons and Jensen 2015). Royal Dutch Shell Company is one of the leading oil and gascompanies headquartered in Hague, Netherlands. This organization is one of the leading oil andgas companies that have included digitalization in their regular business and commerce set up.As a result, with time, the company has gained massive benefits from the use of digitaltechnology and the annual revenues have since been boosted by a large margin.In this report, the digital transformation in Royal Dutch Shell Company has beenanalyzed in order to understand its effects on its current business strategy and marketperformance. In addition, the types of digital trends used by the company have also beenanalyzed and documented. Furthermore, suitable recommendations have also been provided thatwould help Royal Dutch Shell Company reap more benefits from the digitalization process.2.0 Digital Transformation in Royal Dutch Shell CompanyDigital transformation has significantly affected the business operations and marketperformances at Royal Dutch Shell Company as the company has been performing significantlybetter since the implementation of the digital technology in its business operations (Sharma et al.
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