White Paper Abstract:
Players in the Oil and Gas industry are faced with not only the challenges of volatile prices but also the various risks from owning and operating critical infrastructures and assets. In order to overcome these issues without compromising on cost efficiency, IT services within the Process Control Domain (PCD)need to be transformed. This encompasses the outsourcing of IT services within the business-critical process control domain so that the organization benefits from the best practices of wider enterprise IT.
Transforming IT services within the PCD not only helps reduce costs but also helps meet the common business challenges faced by the Oil and Gas industry. The transformation, though, requires the careful management and cooperation of internal and external shareholders. The transformation also calls for a collaborative effort of a vendor ecosystem to deliver in a reliable and consistent manner.In conclusion, recognition of the business impact of IT service transformation in PCD is the need of the hour and it calls for the collaborative leadership of Energy and Manufacturing organizations to come together and facilitate this change.