JAGGAER, the global leader in autonomous commerce, underscored the importance of embracing Industry 4.0 and utilising AI, Machine Learning, and predictive analytics as a way of reducing risk and cost savings in the oil and gas supply chain, during the opening day of the MENA Downstream Digital Transformation Conference Hany Mosbeh, senior vice president, Middle East and Africa, JAGGAER. (Image source: JAGGAER) The two-day conference, sponsored by JAGGAER, addressed the transformation of the industry as a result of various factors, including COVID-19, fluctuating oil prices, and the push for Net Zero agenda by 2030, all of which have led to the increased digital transformation and technology integration within the sector. Hany Mosbeh, senior vice president, Middle East and Africa, JAGGAER, said, “The oil and gas industry is a complex and ever-changing environment. It is an industry that depends on an extensive supply chain, which, as we’ve seen in recent years, is highly susceptible to changes due to various macroeconomic factors. Production and operations are typically high-cost, high-risk and capital-intensive. “With the right technology in place, organisations can have a more agile and resilient supply chain and remain competitive. Our source-to-pay solution provides end-to-end automation of the entire procurement lifecycle, […]
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