Explore how digital transformation for large capital projects in energy can unleash profitability and safety. In this whitepaper, IDC, a leading, global, independent research and analyst firm, answers the question “Could digital transformation be a way to increase revenues and margins for companies involved in large capital projects, while also improving project and worker safety?”
To answer this question, IDC developed a digital maturity model for large capital projects in the energy sector and uses it to assess both EPCs and Owner-Operators. The analysis is based on interviews and data from firms in both the oil/gas and the power industries. The study shows:
- 77% of companies involved in large capital projects (EPCs and asset owners) are about to start their digital transformation journey.
- Higher digital maturity translates into better performance.
- Worker safety shows the same positive trend.