OffComm News - - CONTENTS - Georgina El­ring­ton Write to us at [email protected] Of­fCom­mNews. com Fol­low us @ Of­fCom­mNews on Twit­ter

With the an­nual cost of global cy­ber­crime al­ready hit­ting $ 100 bil­lion, the lack of risk preven­tion for cy­ber at­tacks is a grow­ing con­cern. Right now how­ever, funds have be­come a scarce com­mod­ity too. Conoco Phillips is just one ex­am­ple of an en­ergy pro­duc­tion com­pany that slashed its 2015 spend­ing to just half of that spent in the pre­vi­ous year. If this trend ex­am­ple con­tin­ues over the next twelve months, it will be­come more dif­fi­cult for com­pa­nies to fa­cil­i­tate a se­cure E& P en­vi­ron­ment. On that note, Arthur D Lit­tle told us about its re­cent Dig­i­tal Trans­for­ma­tion Study in which, the re­search firm cited the main chal­lenges fac­ing the en­ergy and util­i­ties sec­tor. Th­ese were lack of knowl­edge, a lack­ing sense of ur­gency, and goal def­i­ni­tions. In­ter­est­ingly, for the tel­cos, a spike high­lighted ex­ces­sive com­plex­ity in terms of the in­dus­trial dig­i­tal trans­for­ma­tion. In this edi­tion, we looked at in­sights from other ver­ti­cals ( such as de­fence, man­u­fac­tur­ing, retail, and the aero­nau­ti­cal sec­tors) about tech­no­log­i­cal in­no­va­tions and trends that could be use­ful in aid­ing the ad­vance­ment of the dig­i­tal oil­field. It is cer­tainly go­ing to be in­ter­est­ing to watch what hap­pens over the next year; not only in terms of smart con­nec­tiv­ity but, per­haps more im­por­tantly, how smart think­ing will help to man­age as­sets, peo­ple, se­cu­rity, and data traf­fic bet­ter against a back­drop of un­cer­tain fu­tures and lim­ited bud­gets.

With best wishes

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