Oil recently dipped below $60 a barrel. What are you going to do about it? Everyone’s thoughts immediately go to restructuring. As budgets and spending tightens, energy services companies often start looking at layoffs. Here’s a crazy thought – don’t re-structure. Re-tool.
There is no better time than NOW to revisit how you are doing things. Focus your resources on what you are doing and HOW you could be doing it BETTER. ERP systems that are designed for energy services companies just like yourselves can help you run more efficiently and effectively, so you don’ t have to restructure.
An even crazier idea - get your arms around your data.
If you can’t afford the outlay of a new ERP system with oil prices low and budgets tightening, then focus seeing your data in a different light instead. Keep your disparate systems that you can’t afford to replace just yet. Instead, consider an analytics solution to layer on top of them, which can consolidate the information and provide you with one view of your operations and one version of the truth. In short, provide you with new insight that will help you grow your business.
Read out brand new, eagerly anticipated report on Big Data in 2015 – what every energy services firm needs to know.
