Source: AccentureOil and gas refineries are at a convergence point. There is evidence that connected solutions fuel growth and increases value, but only 50% of the respondents to Accenture’s second annual digital refining survey ranked themselves as digital or semi-digital. The survey found little evidence that any intelligent refineries have reached maturity, as most respondents were reportedly stuck in the pilot or proof of concept stages.

The potential value yet to be unleashed by refineries exists alongside a wider adaptation of edge computing and artificial intelligence, according to the survey. These technologies grant real-time analytics and process automation capabilities, yet most companies are just now implementing advanced process controls and cloud computing.

The first trend is the evolution of information technology operational systems. IT professionals are changing hats and forming committees to outline organizational changes. Newly created C-level positions like chief information officer (CIO) are heavily involved with organizational changes, playing lead roles in outlining cybersecurity risks and identifying true benefits that can be achieved by a digital oilfield.

Second is a wider adaptation of advanced process controls (APC), cybersecurity tools and updated IT systems, with 50% of executives ranking themselves as mature in regard to these simplistic digital technologies. Accenture's survey found this as little surprise since APC is well-developed, while it said the real game changer will be when artificial intelligence (AI), machine learning and more robust data science modeling enter maturity.

The third trend documented by Accenture is that most refineries have yet to realize the potential value of digital technologies. IIoT, AI, blockchain and process automation play small roles and have yet to penetrate the heart of refining operations.

The fourth trend revealed is that a lack of digital investment carries increased risks. The expense barrier was stated to carry a positive return on investment. Reskilling employees affected by process automation and investments in digital technologies themselves are key to increasing margins as they increase the ability of the refinery to predict and react to change.

Finally, the survey found that digital workforce skills and subject matter experts are becoming increasingly scarce. Digital talent is in great demand and hiring digital talent may not be the most cost-effective solution. Accenture found re-skilling current employees to be the most cost-effective solution.