The power of the digital twin
Predictive modelling of physical assets can play a decisive role in driving operational efficiencies and reducing costs
Digitalisation in 2020 has mostly been a case of trial by fire. Oil and gas companies have had little choice but to embrace technologies that enable both remote working and automation. And the proof of concept benefits highlighted by the pandemic have only accelerated digital adoption. A total of 95pc of oil and gas business leaders surveyed in Petroleum Economist’s digitalisation report stated that Covid-19 would positively impact adoption of new technologies. The exceptional year has also showcased the importance of agility. Companies need to be able to respond quickly to volatile economic conditions. Digital solutions that track and harness operational insights are invaluable tools for bu
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