Jayant Malhotra started the session by raising the question, “Is digital transformation just a buzzword, or is it really happening?” He took the example of the oil and gas sector, where the demand and production volume are not synchronized and costs are rising, to explain the importance of technology and innovation. Oil and gas companies are now using disruptive technologies to increase production while keeping costs low.

He said that to be able to meet today’s business challenges there need to be constant conversations between companies and customers, and companies should move towards technology integration. He added that the factors that would contribute towards a lower cost per barrel are people, technology, risk-sharing, knowledge, and experience.

Kumar Aditya gave an overview of Schlumberger’s cognitive environment, known as Delfi, with a video presentation. Delfi leverages digital technologies such as security, analytics, machine learning, high-performance computing, and internet of things to improve operational efficiency and deliver optimized production.

JAYANT MALHOTRA,
general manager, and Kumar Aditya, technical lead - data,
Schlumberger, India