The oil and gas industry isn’t exactly well known for its shift to up-to-date technologies, but the time is near. If you want to bring your oil and gas business into the 21st century, you’ll have to find the right pieces of technology to adopt.
Tackle the transformation head-on, and keep pace with other businesses in a digitally-driven world economy. Take a look at some tech tips that will help you bring your oil and gas business up to speed, and start making critical changes today.
Attract a younger crowd
Only three years ago, the average age of offshore workers in the oil and gas industry was 42.7. Though there is plenty of room and benefit to be found from older workers, the younger crowd grants you the perk of digital knowledgeability.
There’s no better way to bring your business into the 21st century than to get on board with all the digital technology at your fingertips. Start by hiring digitally inclined young people, and work to expand your digital presence.
For example, invest resources in the development of a relevant blog. This blog focuses on understanding centrifugal pumps. The information you’ll find will attract attention from the right type of readers.
Take steps towards sustainability
The world has made a strong shift towards sustainability, making it impossible for the oil and gas industry to continue to ignore. Working to make your processes cleaner for the environment is crucial to the sustainability of the ozone and your business.
Find ways to make your products cleaner and safer for the environment, and your image will soften with consumers. Not to mention, it’s labeled “sustainability” for a reason. Research how technology can help your business reduce its greenhouse gas emissions, and research renewable energy tech.
Work together with other companies
Technology has boosted the ability to connect, yet somehow the oil and gas industry has remained fragmented. The typical refinery is often composed of many different systems, and those systems are often composed of parts from several manufacturers.
The variation in parts causes miscommunication and a higher risk of malfunction. Do your part to help connect partners in the industry, and work towards a collaborative business design.
Embrace emerging new tech
Allow your oil and gas business to embrace artificial intelligence. AI can help to transform the hydrocarbon value chain. The way you explore new resources and maintain your refinery can be completely revamped through the assistance of today’s artificial intelligence.
Blockchain is a similarly beneficial piece of new technology that is often associated with cryptocurrency. However, blockchain has been found beneficial for much more.
Tracking shipments and drawing up “smart contracts” will shift to a new level of efficiency through the implementation of blockchain.