Digital Transformation in Management Processes of Energy Companies

Abstract

This paper is devoted to the digital changes that occur in the energy and fuel complex in the 21 st century. Energy companies worldwide are facing the necessity to upgrade and transform their management processes with regard to the changes in economy and society. The rise of the information and communication technologies (ICT) had some profound impact on the energy sector and is required to keep pace with the competitors on the world's energy markets. We show that the creation of horizontal and vertical digital management and logistic systems for better coordination with partners and customers are required to stay afloat in the turbulent times of energy and power market developments marked by the reduction of fossil fuels and the shift towards the renewable energy.