In recent years, technologies like the Internet of Things (IoT) and the cloud have further developed and become more affordable for industries to integrate. The oil and gas industry is one example of an industry that suffers from large budget cuts and sees fewer able-bodied workers each year. As a result, they have become an early adopter of numerous technology trends in order to help the enterprises in the oil and gas industry move forward
The Energy and Mining industry is going through a massive transformation aimed at delivering efficiency in operations without compromising safety to function effectively in a fluctuating demand and supply environment. This shift in thought would necessitate new business models and process innovation across logistics and supply chain disciplines to align with overall business priorities.
Application-wise, the global oil and gas project management software market is can be bifurcated into upstream and mid and downstream. Of the two, the upstream application segment is predicted to contribute majorly to the market on account of rising investments in upstream application. As the global oil and gas industry looks to improve upon operational efficiency of exploration and production activities and tread a path of consolidation in the face of lessening revenues through mergers and acquisitions, the demand for oil and gas project management software is only slated to increase.
Oil and gas project management software have many advantages. They enable companies to properly utilize resources and keep a tab on the progress of projects. They also aid companies to understand risks and bring about compliance.
Future-proof the upstream logistics segment of your business today to meet/exceed the demands of your stakeholders and partner with IBS in your journey to logistics excellence. Our technology solution complemented with our partners, our execution skills, flexible engagement models and unwavering focus on business results will provide you the essential elements to make your journey to excellence a success.