The role of Information Systems in enhancing efficiency and competitiveness in the petroleum industry

Title
The role of Information Systems in enhancing efficiency and competitiveness in
the petroleum industry
Creator
Verouchi, Maria
Abstract
The petroleum industry is a sector that faces several challenges. The most
important of them are volatile market conditions, supply chain inefficiencies and
rising operational costs. To remain competitive, companies are progressively
adopting advanced Information Systems (IS). More specifically, Supply Chain
Management (SCM), Enterprise Resource Planning (ERP), Internet of Things
(IoT), Artificial Intelligence/ Machine Learning (AI/ML) and Business
Analytics/Big Data are some of the most useful IS in oil industry. These
technologies play a significant role in logistics optimization, safety and decisionmaking improvement and in reducing expenses. However, their implementation
comes with challenges. The most worth noticing are high costs, cybersecurity
risks and industry resistance to digital transformation. This study examines the
role of IS in the petroleum industry, assessing its impact on efficiency,
competitiveness and future developments.
Keywords
Information Systems, Supply Chain Management, Digital Transformation
Subject
Business
Type
Oral Presentation
Course
CS 3051 BUSINESS DRIVEN TECHNOLOGY
Instructor
Varouchas, Emmanuel
Location
Art Center Auditorium
Event
Year 2025 | 9th Annual Student Research and Creative Arts Symposium