DIGITAL TRANSFORMATION IN THE NATURAL RESOURCES INDUSTRY: RETHINKING THE STRATEGIC APPROACHES
SREEKANTH MUKTEVI , Vice President, YASH Technologies Inc. Houston, TX USAAbstract
This article examines digital transformation in the natural resources industry, focusing on strategic approaches, environmental sustainability, and production processes. The goal is to explore how digital technologies impact the sector, including energy, utilities, and mining, and to identify strategic approaches to digital transformation. Utilizing a comprehensive literature review and analysis of case studies, the article systematically examines existing research and industry practices to identify key concepts, successful strategies, and best practices. The main results highlight the importance of strategic planning, technology adoption, and change in organizational management in achieving digital transformation success. The article concludes that digital transformation offers significant opportunities for innovation and growth in the natural resources industry, while also presenting challenges related to strategic alignment and continuous improvement. The novelty of this work lies in its comprehensive analysis of digital transformation strategies, environmental impacts, and operational efficiencies, offering insights for industry practitioners and academics.
Keywords
digital transformation, natural resources, strategic approach
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