target audience: TECH SUPPLIER Publication date: Mar 2024 - Document type: Market Presentation - Doc Document number: # EUR151962524
The Role of Field Service Management in Optimizing O&G Operations While Navigating the Efficiency Path
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Abstract
This IDC Market Presentation aims to provide insights on the role of field service management (FSM) software solution in closing the efficiency gap in the oil and gas (O&G) industry's operations space. Worldwide O&G companies digitalizing operational assets and asset management processes aiming to improving data-driven decision-making capabilities. This presentation brings forth insights on the current state of adoption of FSM, its evolution and eagerness of O&G companies to embrace creativity and innovation by harnessing power of digital technologies including AI and generative AI.
"Operational excellence fuels the journey toward net-zero emissions in the oil and gas industry. As worldwide O&G operations leaders invest in digital transformation for efficiency and sustainability, the integration of FSM solutions remains a critical gap — missing opportunities for efficiency gains in field technicians' digital enablement — hindering the full potential of digital operations and overall performance enhancement," said Gaurav Verma, global oil and gas industry research lead, IDC Energy Insights.