My previous blog in this series explored how forward-leaning energy and utilities providers embrace digital technologies to improve the experiences of the constituents that they serve. But in addition to turning outward to meet the growing expectations of external constituents, these firms face increasing pressure to turn inward to improve their own operational efficiency.
Digital technologies are massively disrupting the oil and gas industry, resulting in reduced costs and an increase in productivity. Oil and gas companies are considering technologies such as AI, IoT, analytics, and process automation, while continuing to recognize the need for an ecosystem of third-party suppliers. Even vertically integrated oil giants like ExxonMobil, Royal Dutch Shell, ConocoPhillips, or BP are relying on third-party suppliers, or oilfield services (OFS), to provide equipment and expertise to fill gaps in its supply chain.
I remember my first car well – it was a black Jeep Cherokee and made a “NGGGGGGRGH!” noise driving up hills. But I was so proud of it because it meant independence and adulthood.
But as Ross Mason writes, for today’s teens, car owning is more of an expensive hassle than a key to freedom. The car of the future will be more about the passenger experience than the driver experience,
Financial services industry standards and file formats are unique and complex. There are different standards for low value payments, high value payments, international payments, bank statements, securities trades, derivatives, and stock custody transactions. In an effort to unify disparate formats based on geographic boundaries, industry utilities and market participants, the International Organization for Standardization (ISO) developed the ISO 20022 XML standard. The ISO 20022 standard was originally developed in 2004 and is an internationally agreed upon,