CEOs acknowledge that more work is to be done in oil and gas technology

    4,422 total views, 6 views today

    Oil & Gas 2018 Global KPMG CEO Outlook

    We are pleased to announce the launch of the 2018 Global KPMG CEO Outlook Survey with a specific lens on the Energy sector which reflects the outlooks and positions of senior industry executives in the Oil & Gas (O&G) sector. The O&G report can be downloaded here.

    In the survey, we examine the ongoing growth trends, emerging strategies, as well as some of the risks and challenges facing CEOs.

    Despite the rapid speed of technology and innovation pressuring the industry, oil and gas CEOs see technological disruption as more of an opportunity than a threat but acknowledge that more work is to be done. Eighty-five percent of oil and gas CEOs report they are piloting AI or have already implemented AI for some processes. However, only 59 percent feel their organization is an active disruptor in their own sector, and 57 percent feel that the lead times to achieve significant progress on transformation can be overwhelming.

    Please click here to read more.