Cisco Blogs


Cisco Blog > Internet of Everything

IoE-Powered Business Transformation Boosts Agility and Efficiency for Oil and Gas Companies

This week I’m attending CERAWeek, the premier international gathering of energy industry leaders, experts, government officials, policymakers, and innovators. While this is the 34th annual CERAWeek conference, the mood is definitely not “business as usual.” The disruption and uncertainty created by plunging oil prices and shifting market dynamics has created the urgency throughout the industry to rethink strategies and adopt connected technologies to spur operational efficiencies.

But disruption can also create opportunity. Forward-thinking oil and gas (O&G) firms see today’s turbulent market as an opportunity to gain competitive advantage by harnessing new technologies. For example, in the Eagle Ford region in North America, improved drilling technologies are now enabling oil rigs to produce 18 times more efficiently than in 2008, and 65 percent more efficiently than in 2013.

A new study by Cisco highlights the opportunity to achieve even greater efficiencies through transformed business models and digital technologies powered by the Internet of Everything (IoE)—the networked connection of people process, data, and things.

With IoE, oil and gas firms have the opportunity to make IT services a commodity in the business, creating the potential for dramatic cost reduction and improved operational efficiency. The illustration below shows several ways O&G operations can benefit from connected technologies. To achieve these benefits, however, they will need to bring together both the IT and the operational technology (OT) sides of the business. Our survey indicates that oil and gas firms have a long way to go in breaking down the barriers between IT and OT. In fact, only 41 percent of respondents “completely” or “somewhat” agreed that their firms’ IT and OT strategies are aligned.

OandG_Digital_Tranform_01

Source: Cisco, 2015

Here are some examples of how IT-OT convergence can impact the areas of data, collaboration, and cybersecurity: Read More »

Tags: , , , , , , , , , , , , , , , ,

A Turning Point for Oil and Gas: Managing Through Turbulence to Digital Transformation

This is a big week for the global energy industry, as thousands of energy leaders, experts, technologists, and policymakers gather in Houston, Texas, for the 34th annual CERAWeek conference, the premier international event for the industry. As a corporate sponsor of the event, it’s also a big week for Cisco.

Just last week, Cisco released a new report focused on the need for digital transformation in the oil and gas industry. Based on a survey of oil and gas executives, analysts, and consultants in 14 countries, the paper validates CERAWeek’s “oil day” theme, “Turning Point for the Oil Industry.” For forward-thinking oil and gas companies, the price volatility and turbulence in the market could represent a turning point toward true digital transformation. Read More »

Tags: , , , , , , , , , , , , , , , ,

“Hold Me Closer, Tony Danza” Customer Experience and Cisco Context Service

Due to a middle school crush, I became a fan of Elton John during the most prolific point in his career, releasing a series of records I still enjoy today.

Always looking to impress, I’d listen to the albums again and again looking to memorize the lyrics if the chance for a sing-along ever presented itself.  If a verse was hard to understand, I’d take my best shot, which occasionally produced comic results.

Little did I realize there’s a cottage industry of misheard song lyrics, with one of the most common being, “Hold me closer Tony Danza” from Elton’s song “Tiny Dancer”. Wow, talk about ruining the context of a song!

Context is an increasingly critical element of customer experience. The historical process of identifying and qualifying a customer during a real-time experience can backfire without context. Take my friend who called to report an outage on his cable service and was repeatedly upsold for an “enhanced” package during his queue time and agent interaction. We call this “doing the wrong thing right.”

Context provides the foundation for more personal, relevant and differentiated service – the battleground in the Experience Era.  Read More »

Tags: , , , , , ,

What to Know: Virtual Face-to-Face Engagements for Midsize Business

Have you ever imaged what your company would look like if you only employed the best and the brightest employees? Midsize business leaders, just like enterprise companies, need to recruit and retain the most capable employees. They recognize that because today’s talent is on the move, the best employees may not be local.

There is a new understanding for midsize organizations: To remain competitive, they need new ways to support engaging face-to-face virtual interactions. Midmarket organizations also recognize that as employees juggle their time to have fulfilling careers, simplifying their ability to maintain a work-life balance is also important. Let’s face it: Connecting people on a very personal level is good for business.

KO12012So how will this help my business be more successful? Collaboration technology can amplify the value of each participant’s talents and contributions. It is this thinking that has led many midsize organizations with which I’ve spoken to use collaboration technologies to engage more personally with their customers, stakeholders, partners, and others (suppliers, consultants, or specialists) regardless of their location.

To put the cherry on top, it is now easier than ever to enable your dynamic workforce wherever they are. I’ve seen midmarket companies use Cisco collaboration technologies such as Sub-Zero and Vital Images to help improve their customer and employee engagements to drive revenue and success. Read More »

Tags: , , , , , ,

Collaboration Technologies Can Help Reduce Travel Costs Without Reducing Relationships

Did you know these corporate travel facts?

  • On average, companies spent more than 10% of their total annual budget on expenses related to business travel in 2014, according to Aberdeen.
  • Non-compliance with corporate travel policies is a top-three challenge for 57% of executives surveyed by Travelport.
  • Nearly 85% of respondents to the Travelport survey say rising airfares and hotel rates have negatively affected their corporate travel programs.

One of my favorite things in life is to travel and to explore new places. It’s inspiring and gives me perspective on different regions and lifestyles. That said, business travel can be a far cry from leisure travel.

It’s great to meet customers and partners, and I enjoy dinners with colleagues on the road. But when I travel, my work week gets jumbled by the diversion from my routine. Time changes, the lack of veggies in my diet, and missing my oh-so-comfy bed. There are times when we all have to meet in person. But business travel sometimes exacts a high cost from project deadlines and time-sensitive work.

Honestly, and I know I am not alone, spending time in security checkpoints, then sitting on a plane for hours trying to get comfortable and be productive can be a nuisance.

Travel itself is expensive. Read More »

Tags: , , , , , ,