As digitalization and decarbonization megatrends become more prominent, the oil and gas industry faces a dilemma: adapt or become obsolete. In the digital transformation era, producers must start exploring automation technologies if they want to remain competitive in the shifting industry. Automation applications that will have the biggest effects on industry growth are robotics for remote site inspection, the internet of things (IoT) for facility monitoring, and AI for predictive maintenance.

The industry for conventional operational technologies is mature and thus will experience slower growth as attention shifts to more innovative technologies. Oil and gas companies have traditionally displayed a conservative approach to adopting new technologies. As a result, industry players have relied on established technologies to automate processes while ensuring safety. By the beginning of the next decade, however, these technologies will experience rapid displacement.

• How are megatrends like digitalization and decarbonization accelerating the adoption of automation technologies in the oil and gas (O&G) industry?
• How can your team harness robotics, Internet of Things (IoT), and AI to drive growth through remote site inspection, facility monitoring, and predictive maintenance?
• What growth gaps should O&G companies address to stay ahead of the curve and replace conventional technologies with advanced automation solutions?