TECH BUYER Jul 2021 - IDC Perspective - Doc # AP47789721

Asia/Pacific Oil and Gas Outlook, 2021

By: Christopher HolmesManaging Director - IDC Insights Asia Pacific, Haida Hatim

Abstract

This IDC Perspective discusses the outlook of the oil and gas sector in response to the challenges faced by the industry today. In addition to the falling oil prices, the industry today is confronted with numerous crises, which include the COVID-19 pandemic, environmental challenges, and energy security, to name a few. Several technologies are available to help businesses in their transitional strategies, such as deciding whether to adopt renewal energy or enhance and develop their existing capabilities.

"Digital and business strategies go hand in hand. As digital technology becomes more universal, the journey of digital transformation paces the way an organization may take to create a new competitive advantage with technology," says Dr. Christopher Holmes, managing director, IDC Insights Asia/Pacific.


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