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Know About Digital Transformation in the Oil and Gas Industry – The oil and gas industry is one of the largest industries in the world, with a global footprint of $2.1 trillion as of 2021. This industry is predicted to account for 46% of the world’s energy demand and is already a major player in influencing the development of emerging markets and key to global, long-term geopolitical stability. No wonder the stakes for a successful digital transformation strategy in this industry are higher than others.

The oil and gas industry is in for a massive overhaul, thanks to contributing factors like digital, cloud computing and the changing new landscape (new normal). Following this need, digital transformation initiatives in the oil and gas industry have gained a lot of traction in recent times, affecting it in almost every aspect, from the field to the gas pump. Recently, many major oil companies have begun to use oil and gas technology solutions to better understand their customers and enhance the convenience of their business.

This blog will look at the meaning and importance of digital transformation for the oil and gas industry.

The need for digital transformation in oil and gas industry

Oil and gas companies are being hit by the twin blows of demand disruption from COVID-19 and oversupply. This means that capital will be severely restricted and thus there is a constant pressure for oil and gas companies to cut costs, and to increase efficiency to generate ROI. As these pressures are gaining prominence due to the energy transition, to remain competitive, there is a need for the industry to adapt their business model.

The good news is that advances in oil and gas technologies are potentially strong enough to respond to such market changes effectively. There are ample opportunities for oil and gas companies to leverage digital transformation in this regard.

Areas Witnessing Positive Impact of Digital Transformation in the Oil and Gas Industry

The present scenario is going to accelerate operational and strategic reviews of companies as digitalization takes center stage. Incremental improvements in this direction are key to generate impact in an industry as big as the oil and gas industry.

Currently, this can be seen as companies start leveraging advances in oil and gas technology solutions across the value chain, with a potential for greater impact in the following areas –

1. Data Led Decisions

Big data, analytics and AI are converging in previously unseen ways to analyze data and get accurate insights. Such insights can help with boosting operational efficiency and innovative asset management. It can also assist the industry in identifying better drill areas, unplanned downtime and production optimization.

2. Internet of Things (IoT)

IoT enables intelligent asset management for companies, allowing them to benefit from automated monitoring and diagnostics. By connecting field assets and equipment to the IIoT (industrial internet of things) platform using smart sensors, companies can build real-time insights, operations and processes. For instance, optimization of equipment utilization and maintenance planning.

3. Robotic Process Automation (RPA)

Robotic process automation can be used for automating human processing, by adding artificial intelligence to automation, and complex aspects such as critical thinking, analytical models and quality improvements, across the organization.

4. Blockchain Solutions

Blockchain makes it easier to govern complex processes such as commodity trading, materials movement and asset tracking. It can also be used in conjunction with industrial internet of things (IIoT) platforms to track device history and enhance security.

Oil and gas companies have always made use of technology, both physical and computational, but they have been slower than companies in other industries to adopt the latest wave of digital transformation. Many are missing an integrated digital strategy, important capabilities, and concrete action plans.

Companies need the skills and talent to harness advanced oil and gas technology solutions. To fulfill these requirements, Wipro can be your partner in unlocking the value of digital transformation. We help energy companies succeed now and in the future, by building an interconnected, smart system for leveraging data and helping frontlines deliver big and lasting impact. Our holistic approach to digital transformation ensures all required dimensions are covered and no stone is left unturned when developing an organization’s path to digital success.

Summary

Digitalization of oil and gas technologies can help companies in adapting their businesses to remain competitive in the new market environment.  Digital transformation is the key in helping companies reduce cost, deepen customer relationships, drive efficiencies and implement new business models in competitive markets.

Using technologies such as remote sensing powering the IoT, AI, virtual reality and big data analytics, oil and gas companies can realize profound impact and improvements across various industry aspects.

New to Ethical Investing? Here are a Few Proven ESG Strategies – Putting your money to work for a better world is one of the most effective ways to make an impact. Ethical investing is a strategy that allows you to invest while aligning your beliefs and values.

It’s not just about avoiding ‘sin’ stocks or companies promoting alcohol, gambling, or weapons – although many ethical investors will avoid those too. It’s about selecting companies with strong social, environmental, and governance standards based on personal beliefs and values.

If you aren’t already familiar with ESG investing, you might be wondering what it is and why so many people are talking about it. Even if you don’t have a huge amount of money to invest, there are plenty of ways to get started with ethical investing.

Read on to discover some ESG integration strategies for ethical investing.

Establish Your Values

First and foremost, it’s important to know what you stand for. Ethical investing is much more than just ensuring you aren’t investing in certain industries. It’s about ensuring that the money you’re putting into the market goes toward companies and ventures you stand behind.

Ideally, when you’re investing ethically, you’re putting your money toward companies that have a positive social impact. When you have this knowledge, it’s much easier to weed out the bad actors and find companies that fit your values.

Invest in Companies That Align With Your Values

Once you’ve established your values, it’s time to use your investment dollars to support companies that align with those values.

This might sound obvious, but putting your money where your mouth is important. You have to decide which industries you want to put your money towards and which companies you want to support with your investment dollars.

For example, if you support animal rights and want to make sure your investment dollars are going towards that cause, you can invest in stocks that don’t test on animals, such as cosmetics and pharmaceuticals.

Use Index Funds To Invest in the Market, Without Supporting Bad Actors

There are plenty of ethical ways to invest in the market. One of those is to use index funds, which are funds that are made up of different stocks and offer diversification.

Index funds are a great way to invest ethically because you don’t have to worry about investing in specific companies or industries. You also don’t have to worry about supporting industries or companies that you disagree with.

Index funds are a great way to invest ethically because they expose you to the market as a whole while also ensuring you don’t support bad actors. This is a great way to start ethical investing, especially if you’re unsure of the industries in which you want to invest your money.

Do Your Research

Once you’ve established your values, it’s time to do your research. This is perhaps one of the most important parts of ethical investing since ethical investing is a great way to ensure your money is going towards companies and ventures you stand behind. However, you also want to ensure that these companies live up to their values and mission statements.

This is where you want to take your research to the next level.

You want to make sure that the companies you’re investing in are doing what they say they’re doing, and you want to make sure that they’re making a positive impact on the world.

Make sure to read up on company social responsibility reports (or SRI for short) and look for specific mentions of what the company is doing for the community. You also want to look at the company’s values and mission statements to see if they’re actually living up to their word.

The Bottom Line

When investing ethically, it’s important to do your research, avoid investing in industries you don’t agree with, and make sure you have a balanced portfolio. When you implement these ESG integration strategies, you can truly put your money towards companies making a positive impact on the world.

If you’re new to the online casinos world, before you make your first deposit, make sure you know what to expect and how to get started. While joining online casinos is exciting and fun, it can also be a bit overwhelming. All of the sudden, you’re surrounded by new jargons, casino games, gambling rules, and different offers. It’s important to learn everything before jumping into gambling. Here are 4 things you need to know about online casinos, from casino rules to safety and security.

1. Choose The Best Casino

There are many online casinos out there and it’s important to choose the best one because your experience will depend on it. It can be difficult to choose the right casino website, but luckily with a couple of tips, you will find the right one for you.

You need to look for an online casino that is highly secure and has data privacy protection. You don’t want to get your information stolen, so be aware of online casino scams. Choose casinos with an easy user interface which are easy and fun to navigate. Whether you’re looking for a Bitcoin casino or a cash one, find a website that has multiple ways of making deposits or withdrawals.

For example, BTC casino is safe and secure, provides easy navigation, and is accessible at all times. In addition, don’t forget to check if the casino is legal in the country you’re living.

2. Variety of Games

When choosing an online casino, one of the most essential parts of it is games. You want to find a casino that offers a great variety of games. People can easily get bored of playing the same game over and over again, so it’s always safe to have options. The perfect online casino should have classic casino games, like roulette, dealer games, slot machines, and many more.

When you choose a game to play, let’s say blackjack, make sure you’re familiar with all the rules. You can play blackjack by choosing between one to eight 52-card decks, however, there are always ways to increase your odds when playing online casino games. For example, the odds of winning slots are changing and it’s not something you can figure out just in one night. Learning when to fold and trying different ways will increase your chances of winning.

Live dealer games will provide you win a fun experience since you’re playing directly in real-time with real dealers and other players. If you’re enjoying the company of other players, then this type of game is for you.

3. Staying Safe and Secure

Keeping your personal information safe and secure is a crucial factor when playing a casino game. Make sure to check the Privacy and Policy page of the casino so you’re aware and understand what information is collected and how it’s used. The best online casinos will offer the highest level of security, like encryption to keep your financial data safe. That’s why it’s important to pick reputable online casinos with security features.

4. Be Responsible

While it’s always exciting to win some extra cash, keep in mind that gambling should be fun. If you’re starting to feel frustrated and are wanting to win back cash you lost, it’s best to stop and return tomorrow. Never chase your losses because you will only end up losing even more. Also, have a budget and don’t go over the limit. When the fun stops, then it’s time to close the app or website. If you feel like you’re losing self-control, make sure to move on to something else that brings you joy.

Conclusion

Finding the right online casino for you can be easy when you know what you’re looking for. Always keep in mind that a safe and secure online gambling site is one of the most important factors to have a pleasant experience. Stay responsible while playing and have fun playing different casino games!

Which Crypto Wallets are Best for Storing Your Crypto? – Several cryptocurrency wallets are available, however, most of them fulfil a purpose, and that is to security the privacy of your data. You cannot take a chance when it comes to your digital assets. If you lose your keys, you might never have the ability to get your cryptocurrency back. Crypto enthusiasts favour non-custodial wallets as they enable them to maintain control over the information they store. Using a non-custodial wallet, you do not need to trust a third person to safeguard your private keys, as opposed to holding assets on a crypto exchange. Visit https://bitql.app/ if you’re new to cryptocurrency trading and investing.

Which wallet should you choose among hot and cold wallets?

Cold Wallet: A cold wallet is kept offline which is out of the Internet. These usually cost money, since you need to purchase a piece of real hardware that is set up to keep your crypto. They might be tougher to reach since they aren’t linked to the internet. When you do not get the unit itself, though, regaining it might be a great challenge.

Hot Wallet: A hot wallet is set up on a PC or on a cell phone which is linked to the web. These’re generally free to make use of, and also might include services including trading or stake trading in return for charges. Hot wallets are handy to make use of, however, additionally, they present a danger to hackers who could quickly take your crypto.

Best Crypto Wallets

Atomic Wallet

Atomic Wallet enables users to keep greater than 1,400 cryptocurrencies, plus it likewise offers select for individuals who wish to buy, or maybe stake electronic assets from their wallets of theirs. Unlike several of its competitors, Atomic Wallet does not have the possibility of exclusively connecting your holdings of yours to cold storage. One of the things which distinguishes Atomic Wallet from its competitors is the fact that you can purchase a paid membership, which enables you to earn incentives if you do a transaction utilizing its platform. Unlike other warm wallets, nonetheless, Atomic Wallet doesn’t provide a browser extension, which could be a huge aid in utilizing cryptocurrencies to interact with decentralized programs.

Guarda

Guarda is a no-cost, all-purpose cryptocurrency wallet which enables users to use their crypto by way of browser extension, mobile, and desktop. It supports more than 400,000 electronic assets. Guarda users may go crypto via an interface with the Ledger hardware wallet into cool storage. Staking programs can also be offered by Guarda.

MetaMask

MetaMask among the apps which are offered on the Ethereum blockchain. It is free as well as open-source and may keep any digital asset developed on Ethereum (there are over 700,000 digital assets made on Ethereum). MetaMask additionally is integrated with numerous “Web3” programs that are available on the web and also call for crypto transactions to operate.

It provides wallets for portable and browser-based gadgets but doesn’t come with a desktop application. Additionally, MetaMask doesn’t have stakes in its very own application. Nevertheless, the applications which link to MetaMask permit you to quickly stake coins. MetaMask may not be useful for you in case you happen to be not a big user of Ethereum or maybe its tokens.

Trust Wallet

Another storage service, Trust Wallet, runs in collaboration with several cryptocurrency exchanges. It’s the recognized wallet of Binance, the worldwide electronic asset company, along with this collaboration lets users purchase, sell as well as trade straight from their wallet. It presently supports over a million electronic files, based on the company. It doesn’t have an apparent strategy to transform assets from hot storage to cold storage. Nevertheless, it’s completely open-source, a variation that not many competitors make.

How to find the right platform for storing digital yuan? – The market of digital yuan is significantly more developed than earlier. However, you must understand that to purchase and sell the Digital yuan in the market, and you must get a platform. Even though many of them are available, it will not be easier for you to pick up the right one, like the Yuan Pay Group Auto system. It is the primary reason many people do not even like to go with the Digital yuan because the profits and complications are lower. But, if you invest in the Digital yuan today, you will get higher profits. So, you should prefer to choose the Digital yuan over other options available in the market.

It is the right place for you if you are prepared and have decided to deal in the Digital yuan to make money. The first complication you will deal with is the platform through which you will purchase and sell the Digital yuan. It might seem like a sophisticated task, but it is not. Due to the possibilities and options you will find in the market, you will not be able to make the right choice, and the information we provide will be helpful. It is complicated, and the details we will tell you about will help you immensely.

Reputation

If you are confident that you will make money out of trading in the Digital yuan, then perhaps it is time that you get the right platform. However, you need to know that the platform you choose has to be very well-reputed because the reputed platform provides good services.

Security

The safety and security of your investment and trading opportunities have been of utmost priority for everyone. But you need to know that all the platforms will not provide you with reasonable safety. Therefore, you must remember to ensure that your investment opportunity is safe by choosing a platform with good security features like two-factor authentication. The platform you choose is good if these features are available.

Payment options

The options of payment that you can find on the exchange platform are something that also helps you find the right platform. Today, if you have been planning to deal in the Digital yuan, you must ensure that the platform provides you with various payment options. It is because sometimes, one or another of the payment options is not working correctly. In such a situation, you need to use another one, and if no one is available, you can get in trouble. You may not be able to withdraw deposit money in such a situation, so you must pick the versatile one in this department.

Versatility

Another one of the very crucial thing that you need to check in an exchange platform for purchasing the Digital yuan is its versatility. Some people think that only purchasing and selling the Digital yuan in the market to make money is suitable, but let us tell you that it can be used in various things. For example, you can pay the online and offline stores using the Digital yuan for making purchases, which you need to do with the platform. So, make sure to check if the platform is going to provide you with the services of making purchases online.

Updates

Upgrades are always a crucial part of the platforms you choose for purchasing and selling the Digital yuan in the market. If the platform does not upgrade over time, it will never improve the faults. So, make sure to check the update history of the platform and ensure to choose the one that has given very many updates over time. One of the primary reasons behind the same is that without the updates, there will not be changes, and there will not be something better over time.

Customer support

Customer support services are also one of the most crucial things you need to check to ensure that your platform is good. Sometimes, the platforms you use provide good services but not in terms of customer support. Therefore, you need to ensure that the platform you are using to purchase and sell the Digital yuan in the market will provide you with good customer support services. Moreover, the platform services should be available 24 x 7, so you can never miss the opportunity to make money whenever you want.

Crypto Phishing New-age pirates are nothing more than scammers searching for a treasure trove of cryptocurrency.

Phishing scams are how cybercriminals steal millions in crypto every year.

Let’s jump right into what a crypto phishing scam looks like and how you can recover in case you’re attacked.

Spotting a Phishing Scam: 3 Main Tips

#1. Be on the lookout for copycats

The most common trick that phishing scams use is the copycat method. By posing as an up-and-coming cryptocurrency company or a renowned crypto exchange, scammers gain immediate trust from victims.

Often, the email you’ll receive will contain the real business name in the address. However, other details about the address and email will be missing or distorted:

• The email address ends “@amazonproducts.co.uk” instead of “amazon.com”;
• Links to “Contact Us,” and other pages don’t work or lead to dead ends;
• A quick search shows the person you’re corresponding with doesn’t exist;
• Official badges, certifications, and fine prints are missing from the footer.

This rule applies to copycat websites, fake messages from friends, and impostor phone calls. If an email or message ever asks for your private data, ensure you’re not dealing with a copycat phishing scam.

#2. Poor spelling, grammar, and punctuation

It might sound a bit stereotypical at this point, but scammers’ language skills haven’t improved much. In most phishing cases, simple spelling and grammatical errors are present, indicating an obvious scam.

Such mistakes wouldn’t occur in legitimate business emails written by professional writers. Especially when scammers pretend to be cryptocurrency exchanges, poor language abilities point to an overseas phishing scam.

#3. It usually always leads to a malicious link

The main purpose of many phishing scams is to lead you to a fraudulent link. The page often prompts a download (likely malware) or to log in to your account. This website is probably a copycat login page that sends your data to scammers.

Sometimes, simply following a link is enough to hand criminals your location, IP address, and browsing data. Get Surfshark VPN and antivirus software to ensure your browsing stays anonymous and safe, even on malicious sites.

How can you tell if you’re talking to a scammer?

These days, phishing scammers are finding more success through messaging platforms. In our DMs, we feel safe and more trusting than we would in real life. Here’s where it’s important to be able to spot the scammers themselves:

• The user quickly moves to deeper topics — asking for details of your trauma and over-sharing their own.
• They offer “insider tips” or investment opportunities exclusive to you.
• Scammers thrive on trust — once they feel you believe their disguise or story, they pounce.
• If you ask to meet in person, there’s always an excuse or financial barrier.

How to recover from a crypto phishing scam

For the unlucky few reading this who didn’t spot a phishing scam until too late, there are still a few things you can do.

Cut off communications with the scammer

After being scammed, cut all communications to the scammer and report them. Scammers are like seagulls — give them a chip and they’ll come for the whole bag. In the scamming world, victims susceptible to attacks are often pushed into honeypot scams. This way, even after stealing your crypto, they’re stealing more.

Change any associated account data

If you haven’t already, change the details on every account that may be affected. Change names, emails, DOBs, and passwords. Anything that can link your other accounts with the exposed information puts them at risk of hacking.

Can you recover lost coins?

While it’s unlikely, it is possible to recover stolen cryptocurrency. The exchange you use, the authorities you contact, and whether you hire a lawyer or a “cryptohunter”, will heavily determine the recovery process.

Conclusion

So now you know how to spot a crypto phishing scam and what to do if you ever fall victim to one.

These pro tips, along with your rock-solid gut instinct, ensures your crypto won’t be phished away any time soon.

What exactly are ISAs for combined cash? – ISAs for combined cash are a great way to save on taxes and grow your money. These accounts allow you to invest in various stocks and build a well-diversified portfolio. ISAs also offer tax benefits, making them a wise investment choice for any trader. In this article, we’ll take a closer look at what exactly ISAs for combined cash are and how they can benefit you. You can also browse this site for more info.

What are ISAs for combined cash and investments, and what do they offer savers and investors alike?

ISAs are investment accounts that offer tax breaks on the money you save. They’re a great way to boost your savings and grow your money. Plus, with the right ISA account, you can access various investments, allowing you to build a well-diversified portfolio.

There are two main types of ISAs: cash ISAs and investment ISAs. Cash ISAs allow you to save up to £20,000 per year, tax-free. It means all the interest you earn on your savings is yours. Investment ISAs – often called a ‘stocks and shares ISA’ work similarly, allowing you to invest in a broader range of assets, including stocks, bonds, and ETFs. You can also hold a combination of cash and investments in your investment ISA.

What are the benefits of investing in an ISA?

There are several benefits of investing in an ISA. Firstly, all the interest you earn on your savings is tax-free, which means you keep more of your money.

Another benefit of ISAs is that they offer access to a wide range of investments. Cash ISAs only allow you to hold cash, but investment ISAs give you the ability to invest in stocks, bonds, and ETFs, and allow you to build a well-diversified portfolio.

Finally, ISAs offer tax breaks on your earnings, which means you pay fewer taxes, leaving more money in your pocket. These factors make ISAs a wise investment choice for traders who save on taxes and grow their money.

What are the risks of investing in an ISA?

There are a few risks to be aware of when investing in an ISA. Firstly, your money is not guaranteed, so you could lose some or all of your investment if the stock market crashes.

The British government guarantees investment holdings against provider bankruptcy up to £75,000. If you have significantly more than that in your ISA it is worth holding multiple accounts. Major banks are unlikely to (be allowed to) fail, but small providers can and have.

Finally, you may have to pay fees to withdraw your money early. These risks are essential to consider before investing in an ISA. If you’re comfortable with the risks and are looking for a long-term investment, an ISA can be a great choice.

How do I choose the suitable ISA for me?

When choosing an ISA, there are a few things to consider. Think about how much money you want to save. If you only have a small amount to invest, a cash ISA may be the best choice. However, an investment ISA may be a better option if you’re looking to build a more diversified portfolio.

Also, consider your investment goals. Are you looking to grow your money over the long term, or do you need access to your money in the short term? An investment ISA may be the best choice if you’re looking for long-term growth. However, if you need access to your money in the short term, a cash ISA may be a better option.

Finally, think about the fees you’ll be charged. Some ISAs have high fees, which can eat into your investment returns. Be sure to compare the fees of different ISAs before making a decision.

How can I open an ISA?

Opening an ISA is easy, and you can open an account with most banks and brokerages. Ensure to shop around and compare fees before choosing an account.

Once you’ve opened an account, you’ll need to fund it. You can do this by transferring cash from another account or investing funds from another source. Once you’ve funded your account, you’re ready to start investing. Just remember to stay within the yearly ISA limit of £20,000.

Opening an account is an excellent choice if you’re looking for long-term investment and want to take advantage of the tax benefits an ISA offers. Just be sure to compare fees and choose an account right for you.