By 2050, the global population is expected to reach nearly 10 billion people - and all will need safe, reliable, and affordable energy. However, the energy world as we know it is experiencing a revolution of both the supply and demand sides of the value chain.
At the same time, we are experiencing a digital revolution from the technology advances of hyperconnectivity, supercomputing, cloud computing, smart technology, and cybersecurity. This resulting digital energy revolution will transform the industry away from the traditional, vertically integrated business models dependent on control of vast resources and assets. In the digital economy, access to information is overtaking access to reserves and capital as the competitive differentiator.
Leading energy companies are already starting their transformational journey and using these digitally enabled advances to:
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Reimagine business models that are focused in the development, operation, or logistics of energy and its outcomes.
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Reimagine business processes using digital technology to integrate, collaborate, and automate across enterprises with a more outcome focus.
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Reimagine roles and ways of working that exploit new digital technology, such as wearables, 3D printing, augmented reality, and learning technologiesAt SAP, our vision is to help the world run better and simpler by digitally enabling oil and gas companies to deliver the safe, reliable, and affordable energy needed to support modern lifestyles and create opportunities for people. To realize this vision, we are providing the digital foundation needed to connect all stakeholders so they can thrive within the emerging digital energy network.
This webcast offers our insights into how we see the oil and gas industry revolutionizing itself and how SAP will support your success within this digital energy network.
Speaker
Ken Evans, Global Vice President, Oil and Gas Industry Business Unit