| | NOVEMBER 2018 - 8E ERGYTech ReviewMcDermott has begun its digital transformation journeyBy Akash Khurana, VP, CIO & CDO, McDermottM cDermott is a leading provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide. We deliver fixed and floating production facilities, pipelines and subsea systems from concept to commissioning for complex offshore and subsea oil and gas projects to help oil companies safely produce and transport hydrocarbons.Over the last few years, the energy industry has started moving into the age of digitalization. Today, we see the increasing use of data to analyze and improve performance of not only what we do internally, but also what we deliver to our customers. This trend will only accelerate over the next few years.In 2016, McDermott began its digital journey by focusing on the ecosystem and determining how to put the system together. 2017 has become our launch year for many of these new systems, where we are starting to build many components and deliver several pilot phases.Our approach towards digital transformation is multi-faceted, and started with us determining how the digital building blocks can help accelerate how we reduce obsolesce in our environment. The timing of our obsolescence journey, mixed with the growing interest in digital, cloud and analytics, offered a great opportunity for us. We didn't just look at how to remediate the old stuff we put together a broader strategy that would bring the latest industry leading, integrated solutions from the market to the business. We were in a great position to invest in the right technologies that tightly integrate our ecosystem on the front end of the digital age, essentially helping us leap-frog some of the companies in the field whose investment over the last five years could impede on required digital capital.McDermott is focused on an Akash KhuranaIn MyOpinion
< Page 7 | Page 9 >