Preparing for cognitive capabilities

The global chemicals and petroleum (C&P) industry is undergoing enormous change. Volatile energy prices, reserve replenishment and exploration issues, rising R&D costs, reduced production reliability, manufacturing inefficiency and safety and compliance concerns are causing upheaval in the industry. Cognitive computing is poised to help. But what exactly does it promise the industry, and how can enterprises tap into its potential? We explored these questions using input from 300 C&P executives worldwide. In this report, we look at what a subset of this group’s most financially successful organizations – the “outperformers” – are doing differently with cognitive capabilities and what other organizations can learn from their success.

Study highlights

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About the authors

Bill Karpovich

Spencer Lin
Global Chemicals and Petroleum Lead
IBM Institute for Business Value

Lynn Kesterson-Townes

Santosh Mulayat
Global Lead of Cognitive and Analytics offerings, Chemicals and Petroleum industry
IBM Global Business Services

Sanjay Rishi

David Womack
Global Director of Strategy and Business Development, Chemicals and Petroleum industry
IBM Global Markets

Sanjay Rishi

Ash Zaheer
Global Lead for Internet of Things and Mobility, Chemicals and Petroleum industry
IBM Global Business Services

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