STANDARD: Benefits of digitalization: approaches, technologies and case studies at Smart Oil&Gas

Standard magazine published outcomes from the V Federal IT Forum for the Russia Oil and Gas Industry “Smart Oil&Gas” business program. The event brought together more than 600 participants including heads of major oil and gas enterprises, IT company representatives and leading global vendors working with the oil and gas sector. Amongst key issues discussed were how to achieve economic returns on investment in digital transformation, best practices in introducing new technologies and what pitfalls should be taken into account when doing so.

Participants of the round table “Digital Transformation: Approaches, Success Stories and Unique Technologies” comprising heads of companies from the likes of IBM, Dell Technologies, HPE, ITPS, Cisco and Huawei, gathered to exchange international experience and current business needs within the oil and gas industry. The round table’s audience was also interested in hearing from the experts as to how to best deal with  legacy IT systems into which significant investments had been made. CEO of ITPS Leonid Tikhomirov emphasized the fact that digitalization was a neat way to organize existing resources, consolidate data, create high-quality regulatory frameworks and get the most out of the existing systems with clever add-ons.

The round table “Service IT Companies of Industrial Giants: Unique In-house Competencies, Insourcing and Outsourcing” became a communication platform for insourcing company executives serving oil, gas and petrochemical holdings. The event’s participants, who consisted of– representatives from ITSC (the Information Technology Service Company), LUKOIL-Technology, Sibur, SIBINTEC, ITPS and ASTRA, discussed issues related to the specifics of their work. When questioned as to the feasibility of creating insourcing structures within oil and gas corporations, Leonid Tikhomirov noted that the company's internal IT service should not be over expanded, which is especially difficult to avoid if it is also fulfilling a support function. “External and internal IT departments should coexist and help the company grow,” the expert said.

Read More on “Digital Transformation: Approaches, Success Stories, and Unique Technologies.”

Read More on "Service IT Companies of Industrial Giants: Unique In-house Competencies, Insourcing and Outsourcing."

* The material is available in Russian version only