Majority of energy companies to invest in employee capabilities

Talents should also be prioritised amidst technology investments.

Over half of energy companies are planning to invest more in enhancing the capabilities of their employees, according to a KPMG report, noting the importance of this move for their digital transformation.

KPMG noted that energy firms’ investments in technology will only be successful when they have the right talent.

“The roles of tomorrow will likely be a combination of domain skills, such as those of a reservoir engineer, digital skills and professional skills, such as stakeholder or change management,” Sushant Rabra, Partner, NDT-Digital Advisory, KPMGI in India, said. 

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“Energy companies can plan for this evolution by focusing heavily on training programs — especially in AI,” he added.

KPMG added that most energy respondents are confident in their workforce-led tech infrastructure capabilities.

It found that 85% are positive they can boost efficiency levels and reduce costs with their existing tech stack.