The potential for Digital Transformation in asset-intensive industries such as oil and gas and marine is tremendous. The World Economic Forum estimates digitalization could unlock up to $2.5 trillion of societal and industry value between 2016 and 2025. Digital transformation takes the form of optimizing the productivity of assets, effectively managing risk, and disrupting traditional supplier, owner/operator, and customer relationships in a new digitally-enabled ecosystem.
This report examines the relationship between risk and asset
performance and its ramifications beyond asset reliability to
provide a new perspective on why a comprehensive approach to
risk management is needed. This report also provides actionable
recommendations for effectively implementing changes to people,
process, and technology.
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