Digital is transforming the global business enterprise including oil & gas, energy, chemicals, and industrials. Companies in these sectors are using digital to develop new product and service offerings; improve the efficiency and efficacy of assets, supply chains, R&D and innovation, talent, safety and reliability, and organizational functions; and transform go-to-market, sales, marketing, and customer engagement.
Digital today represents a broad collection of technologies and capabilities to sense, monitor, and gather data; source and aggregate data from myriad sources; develop data visualization and analytics; inform artificial intelligence and machine learning models; and inform and implement decisions for both business functions and operational assets. Further, digital technologies have spawned major advances across a number of inter-linked capabilities including mobile platforms, connectivity and 5G, Industrial Internet of Things (IIoT), digital twins, robotics, cloud and edge computing, augmented (AR) and virtual (VR) reality, and additive manufacturing. Collectively, digital is enabling companies to gain insights at multiple timescales by deploying these capabilities at various stages from the edge to centralized systems.
Digital’s value proposition is conceptually compelling but its adoption, deployment, and value creation have been mixed across oil & gas, energy, chemical, and industrial companies. Blaming oil & gas, energy, chemical companies as slow adopters of new technology is a common but lazy and inaccurate characterization. In reality, there are a number of factors that have impacted digitalization in these markets including insufficient work in identifying the right applications and use cases, inadequate change management to address organizational inertia, turf battles between information (IT) and operational technology (OT) groups, and poor insight into hardware-software interactions.
How ADI helps clients on digital
ADI has completed a number of projects on digital for various clients including operating companies, engineering, procurement, and construction (EPC) companies, original equipment manufacturers, digital technology and service providers, and investors. Specifically, we can help asset operators define, develop, and deploy a digital vision ranging from diagnostic projects on digital maturity through short, proof-of-concept business case and vendor selection engagements, to wide-ranging transformation programs. ADI teams have also leveraged their deep industry expertise and rich operational experience to bring a hard-nosed, realistic perspective to advise and shape digital product and service offerings that solve real problems and create lasting value for end-users. Finally, ADI consultants have conducted due diligence engagements on various digital technology start-ups and companies for venture capital (VC) and private equity (PE) investors and corporate development and mergers and acquisitions (M&A) groups of various public and private companies.
Relevant examples
A few examples of our work are presented here. Please contact us to learn more about how ADI can help you.
Due diligence
- Led due diligence for a private equity firm on a digital technology and software provider for operational and business functions in oil & gas pipelines.
- Conducted voice-of-customer research and market-focused due diligence for a venture capital investor on an early-stage digital start-up providing operational asset monitoring software.
- ADI was engaged by a strategic corporate investor to conduct a high-level due diligence on an oil & gas analytics software company.
Go-to-market strategy
- Developed a go-to-market strategy for an industrial company’s compressor monitoring and digital service offering by identifying customers’ environmental, social, and governance (ESG) needs.
- ADI advised a Diversified Industrial major on their digital strategy for the oil and gas refining industry.
Digital transformation
- Assessed the digital maturity of a petroleum refiner and identified use cases for data analytics to optimize fuel and refined product nominations.
- Supported an oil & gas major in Europe on the implementation of a 24-month digital transformation program including vendor selection, proof-of-concept project oversight, use cases identification and prioritization, and organizational change management.
Access our thinking
ADI is a thought leader in digital sector. Access our latest thinking including blog posts, white papers, conference presentations, and videos on the ADI insights section.
