August 27, 2020 The COVID-19 pandemic has caused energy and fossil consumption to plummet and has driven the oil price to historic lows. Production needed to be lowered and in some cases stopped to stabilize the market amid the crisis.
Three organizational capabilities industry leaders will need to help navigate the business challenges caused by COVID-19
In 2020, we conducted in-person interviews with 29 oil and gas client executives across upstream, midstream, downstream and retail businesses who indicate a focus on responding to revenue pressures from low oil prices, followed by becoming digital organizations.
The energy system must deal with new market dynamics, such as the rise of renewable energy, new and changing regulatory requirements, and evolving customer demands and expectations.
As the COVID-19 pandemic spread across the globe in the early months of 2020, government restrictions on work and travel began to dramatically impact the workforces of organizations, large and small. Organizations were not only required to transition their own...
The whitepaper describes CGI’s two-part approach for accomplishing this: replatforming existing applications from bare-metal or virtual machines to containerized target environments and gradually eliminating huge monolithic applications by rebuilding their functionality as native cloud services.
The high level preparedness required to mitigate both internal and external threats requires a more holistic approach that ensures cultural and behavioral change, as well as improved control and monitoring of operations.