Abstract
The rapidly moving technological advances have forced key industrial sectors to accelerate their digital transformation processes. Despite the growing interest of organizations on investing in technological advances, the Oil and Gas (O&G) industry is losing ground on the digitalization race. Except from the technological inhibitors, the relatively slow transition is related to human capital and the lack of skillful workforce able to fulfill emerging digital job positions. Additionally, the empirical evidence indicates a knowledge gap regarding the current demand for O&G digital experts and the associated responsibilities and competencies. The objective of this study is two-fold: First, we investigate the status of the O&G labor market digital career opportunities. Second, we shed light on the most prominent digital job roles and the corresponding skillsets, so as to design competence maps with interrelated technological skills. To meet our objectives, we analyzed 1999 job openings from three well-known O&G job boards through a framework augmented with natural language processing and graph theory community detection methodologies. The findings for emerging technology trends constitute an empirical benchmark for a wide range of target groups that are interested in acquiring knowledge related to the state-of-the-art digital demand and the endorsed competencies in the uprising O&G digitalized era.
Highlights
The fast-moving digital innovations, which are significant drivers of the fourth industrial revolution, has forced most of the key industries to initiate a transition journey on their business processes and models [1]
[RQ1] What is the current demand for digital workforce in the Oil & Gas (O&G) 4.0 era? Motivation: As we have already mentioned, despite the fact that key industry sectors have radically reshaped their organizational structure and processes by adopting emerging digital technologies, the O&G industry is the straggler to this transitional marathon
To facilitate the examination of RQ1, we state three relevant research subquestions: [RQ1.1] Which are the characteristics of job offers in terms of technology trends, employment type and year of job opening? [RQ1.2] How are these job offers distributed at geographical level across the technology trends? [RQ1.3] Who are the leading players driving the digital transition into the O&G 4.0 era?
Summary
The fast-moving digital innovations, which are significant drivers of the fourth industrial revolution (or Industry 4.0), has forced most of the key industries to initiate a transition journey on their business processes and models [1]. A. INDUSTRY 4.0 Nowadays, Industry 4.0 has arisen as the new face for the majority of industry sectors and the transformation of traditionally physical services to digitalized solutions that do not require human intervention. INDUSTRY 4.0 Nowadays, Industry 4.0 has arisen as the new face for the majority of industry sectors and the transformation of traditionally physical services to digitalized solutions that do not require human intervention It is a constantly developing idea encapsulating several individual domains that rely on modern technological feats to operate. The research interest is continuous and evolving [37], with primary focus given in the concept and content of Industry 4.0, the main technologies required for its implementation along with its potential applications
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