The energy industry is under growing pressure to embrace change and adapt to an increasingly fast-paced, data-driven reality as it strives to control costs, enhance performance and compete in a decarbonizing world. Data is now a board-level responsibility and one of the most important and valuable resources that companies have at their disposal. The ways in which information is managed and used will determine how effectively businesses can transform their operations, and improve resilience, efficiency and safety across their organizations.
The impact of digital technology can be seen throughout the value chain from the high-resolution reservoir simulations in the field to the thermostat apps on consumers’ smartphones. As disruption gathers pace, partnerships and collaboration are key to capturing the benefits of digitalization. Efforts are focused on making the most of data assets whilst addressing the issues of integration, security and regulation, and managing the future of the workforce and customer engagement.
Building on the success of its European counterpart, FT Digital Energy Summit USA will gather innovators and energy leaders to consider the opportunities and the complexities of disruption throughout the sector and discuss the most effective ways to unlock the value of data and build an agile and competitive industry.