AVEVA CEO Highlights How Digital Transformation Is Accelerating Growth in the Energy Sector – MENAFN.COM

AVEVA CEO Highlights How Digital Transformation Is Accelerating Growth in the Energy Sector – MENAFN.COM

Dubai, UAE: AVEVA, a global leader in industrial software, driving digital transformation and sustainability, highlighted how the acceleration of digital is transforming the energy industry in a post-pandemic landscape. AVEVA CEO Craig Hayman, who spoke at CERAWeek 2021, is championing the rapid digital evolution of the energy sector to drive transformative change. As workers have been forced to adapt new digital tools for remote work, the status quo has clearly been disrupted. Digital innovation through the use of predictive analytics to better anticipate the future, data to better inform current decisions in the here and now, and digitization and automation to deliver cost efficiencies and speed is driving renewed growth energy organizations globally. Organizations that have pivoted to digital successfully, are already generating up to 2 and 10 percent improvement in expanded production and up to 30 percent savings in cost. PwC's '2020 Digital Operations study for energy: Oil and gas' report found that the main barriers of the implementation of changes provided by digitalization are due to limited knowledge sharing (77%), insufficient digital training (74%) and a lack of digital talent (72%). Regarding the lack of digital talent, 2019 data from oil and gas companies, collected by KPMG, found