On the conseptual model of oil and gas business transformation in the transitional conditions to the Industry 4.0

Abstract

Digital transformation of business centers in the transition period to the Industry 4.0 is becoming a key competitiveness growth factor for Russian oil and gas factories. It is characterized by a wide range of potential effects, which often do not show themselves fully in reality due to dominant fragmentary approach to the introduction of the Industry 4.0 innovation technologies; as well as the fact that companies’ managers do not have an integral view on the business digital transformation. The aim of the research consists in developing a conceptual model of oil and gas business digital transformation, allowing to make more reasonable managerial decisions on the implementation of digital technologies at enterprises. The research used the method of information statistical analysis about the state of the oil and gas industry and the methodology of conceptual approach to ensuring the transition of these companies to the Industry 4.0. The authors made the conclusion that the developed conceptual model improves the coordination and planning of works implementing digital transformation of oil and gas business, defines strategic priorities of the company’s digital development, promotes the development of corporate knowledge about business processes digitalization and formation of positive social and economic effect.