Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018)

The Impact of Digital Technologies on the Economic Processes of Oil Companies

Authors
D. R. Peskova, R. B. Sharafutdinov
Corresponding Author
D. R. Peskova
Available Online January 2019.
DOI
10.2991/iscfec-18.2019.137How to use a DOI?
Keywords
digital, information technologies, “Industry 4.0” program, cloud technologies, Internet of things, Big Data, Chief Data Officers (CDO).
Abstract

Within the framework of this article the impact of digital technologies on the economic processes of oil companies was analyzed. Digital (information) technologies were considered as a significant economic resource, and special attention was paid to the implementation of the program “Industry 4.0” in Russia. The article explores some concepts – cloud technologies, Internet of things, Big Data. Digital technology expenses in the Russian oil and gas industry are shown. Trends of digital technologies in the economic activity of the oil companies, and pros and cons of their implementation are disclosed. The deterrent factor for implementation of digital technologies is shown – lack of “digital managers, Chief Data Officers (CDO) in the oil companies. International statistics data show that the number of chief data officers (CDO) in the biggest companies increases, oil companies being included. The vulnerability of information as an economic resource was investigated. Some risks of losing competitive advantages by reason of commercial information disclosure were discussed. The administrative role in innovation implementation was described, which is manifested as digital technologies have become a significant link in the chain of measures aimed at increasing business efficiency of oil companies.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
January 2019
ISBN
978-94-6252-656-3
ISSN
2352-5428
DOI
10.2991/iscfec-18.2019.137How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - D. R. Peskova
AU  - R. B. Sharafutdinov
PY  - 2019/01
DA  - 2019/01
TI  - The Impact of Digital Technologies on the Economic Processes of Oil Companies
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2018)
PB  - Atlantis Press
SP  - 601
EP  - 604
SN  - 2352-5428
UR  - https://doi.org/10.2991/iscfec-18.2019.137
DO  - 10.2991/iscfec-18.2019.137
ID  - Peskova2019/01
ER  -