Petroliam Nasional Berhad – Digital Transformation Strategies
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Petronas – Digital Transformation Strategies Overview
Petroliam Nasional Berhad (Petronas) is leveraging AI and big data technologies as a part of its digital transformation strategies. The annual ICT spending of Petronas was estimated at $489 million in 2023. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. Petronas is an integrated energy company engaged in exploring, developing, and producing crude oil and natural gas. The company’s business segments include upstream, downstream, gas, clean energy solutions, and project delivery and technology.
The ‘Petronas Digital Transformation Strategies’ report will act as a reference point to understand the company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, partnerships, investments, acquisitions, and ICT spending among others.
Total ICT Spending 2023 | $489 million |
ICT Spend by Function | Data Center, Communications, Network, Application, End-User Computing, Management, and Service Desk |
ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems Integrators |
External ICT Spend by Segment | Software (Including Cloud SaaS), Hardware (Including Cloud IaaS), ICT Services, Consulting, Network and Communications, and Others |
Technology Theme Focus | Artificial Intelligence, Big Data, Cloud, Robotics, and IoT |
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Digital Transformation Strategies
To prevent unplanned equipment downtime that might lead to the shutdown of an entire plant, Petronas adopted AVEVA Predictive Analytics, a cloud-based, AI-driven asset performance management solution (APMS) that alerts maintenance staff about impending equipment breakdown in advance. The APMS is synced with AVEVA’s PI system which collects and structures data from key equipment in a plant. The AI-based APMS uses the data to highlight impending failures or anomalies, allowing staff to take up predictive maintenance works. The solution helps Petronas improve equipment performance and lower maintenance and operational expenditure.
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Petronas Technology Theme Focus
Petronas is utilizing several emerging technologies including artificial intelligence, big data, cloud, robotics, and IoT to enhance operational efficiency and product offerings.
Petronas Technology Focus
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Petronas Technology Initiatives
Petronas has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years. For instance, PETRONAS Digital, the digital arm of PETRONAS, and Databricks, a Data and AI company signed memorandum of understanding (MOU), to accelerate data and AI initiatives that helps to advance innovation and improve productivity. This partnership leverages Databricks Lakehouse Platform, to support PETRONAS Digital’s commitment to use data securely and responsibly to drive organizational decision-making. Under this collaboration, both companies aim to – build generative AI models specific to PETRONAS’ needs; deploy PETRONAS’ ESG analytics use cases; train talent and enable talent building; and provide Databricks’ cutting-edge technologies and latest data science tools through the Databricks’ University Alliance.
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Petronas ICT Spend by Function
- Data Center
- Communications
- Network
- Applications
- End-user Computing
- Management
- ICT Service Desk
Petronas ICT Spend by Function, 2023 (%)
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Petronas ICT Spend by Channel
- Internal Development and Maintenance
- Technology Vendors (Direct)
- Local Resellers
- Telcos
- ICT Services Providers/Consulting Firms
- Specialist Outsourcers
- Systems Integrators
Petronas ICT Spend by Channel, 2023 (%)
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Petronas External ICT Spend by Segment
- Software (Including Cloud SaaS)
- Hardware (Including Cloud IaaS)
- ICT Services
- Consulting
- Network and Communications
- Others
Petronas External ICT Spend by Segment, 2023 (%)
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Scope
This report provides:
- Insight into Petronas’ technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering product launches, partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into Petronas’ technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various product launches, partnerships, investments, and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Petronas in 2023?
The annual ICT spending of Petronas was estimated at $489 million in 2023.
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Which function accounted for the highest ICT spending for Petronas in 2023?
Network accounted for the highest ICT spending by function for Petronas in 2023.
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Which channel accounted for the highest ICT spending for Petronas in 2023?
Internal development and maintenance accounted for the highest ICT spending by channel for Petronas in 2023.
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Which segment accounted for the highest external ICT spending for Petronas in 2023?
Software accounted for the highest external ICT spending by segment for Petronas in 2023.
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What are the key technology themes in focus for Petronas?
Artificial intelligence, big data, cloud, robotics, and IoT are some of the key technological themes in focus for Petronas.
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