TECH BUYER Jul 2021 - IDC Perspective - Doc # AP47790021

IDC Perspective: Use Cases and Start-Up Capabilities: Digital Twin Opportunity in Asia/Pacific Oil and Gas

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

Abstract

This IDC Perspective discusses the outlook for the oil and gas industry in response to the challenges today. In addition to the falling oil prices, the industry today is confronted with numerous crisis, including the COVID-19 pandemic, environmental challenges, and energy security, to name a few. Several technologies are available to help businesses in their transitional strategies, whether to transform the business into renewal energy or enhance and develop their existing capabilities.

"Digital strategies and business strategies go hand-in-hand. As digital technology becomes more universal, the journey of digital transformation specifies the direction 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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