International Journal For Multidisciplinary Research
E-ISSN: 2582-2160
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Volume 6 Issue 6
November-December 2024
Indexing Partners
Critical Success Factors and Implementation Challenges of Industry-Specific Digital Solutions: A Study of the Oil and Gas Sector
Author(s) | Rajeshwar Guggilla |
---|---|
Country | United States |
Abstract | This article investigates the critical success factors and implementation challenges of industry-specific digital solutions in the oil and gas sector, focusing on operational efficiency, cost reduction, and environmental sustainability. The article analyzes comprehensive data from multiple organizations implementing digital transformation initiatives, revealing significant improvements, including 20-35% cost reductions, 30-40% efficiency gains, and 200-300% returns on investment. Through examination of various implementation cases, the research identifies key challenges such as change resistance affecting 70% of employees, complex integration requirements, and substantial resource allocation needs. The findings emphasize the importance of balanced implementation approaches that simultaneously address technological, organizational, and human factors. The article presents a framework for successful digital transformation, highlighting the critical role of change management programs that achieve 75-85% success rates in adoption and cultural transformation when properly implemented. Additionally, the research provides strategic recommendations for organizations undertaking digital transformation initiatives, including structured planning approaches, comprehensive change management frameworks, and technical implementation guidelines. This article contributes to the growing body of knowledge on digital transformation in the energy sector, offering practical insights for industry practitioners and researchers alike. |
Keywords | Digital Transformation, Oil and Gas Industry, Implementation Challenges, Change Management, Industry-Specific Solutions |
Field | Computer |
Published In | Volume 6, Issue 6, November-December 2024 |
Published On | 2024-11-21 |
Cite This | Critical Success Factors and Implementation Challenges of Industry-Specific Digital Solutions: A Study of the Oil and Gas Sector - Rajeshwar Guggilla - IJFMR Volume 6, Issue 6, November-December 2024. DOI 10.36948/ijfmr.2024.v06i06.31021 |
DOI | https://doi.org/10.36948/ijfmr.2024.v06i06.31021 |
Short DOI | https://doi.org/ |
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