Is Data the New Oil?
Hussein Shel, Azure Global, Principal Program Manager, Microsoft; Craig Hayman, Chief Executive Officer, AVEVA; Colette Cohen, Chief Executive Officer, The Oil and Gas Technology Centre; Kentaro Kawamori, VP, Chief Digital Officer, Chesapeake Energy Corporation; Dr. Carolyn Seto, Director, Upstream Technology & Innovation, IHS Markit. For over a century, oil has been one of the most valuable commodities and helped to create the modern global economy. As companies find new ways to derive value from analyzing the data associated with finding, producing, processing, and marketing this commodity, it too is becoming a key resource and source of competitive advantage. What steps are companies taking to ensure ownership and access to the data generated by their assets, and what new opportunities are emerging from it?