| | JANUARY6CIOReviewAcross the globe, oil and gas (O&G) businesses are reorganizing their operations as the drive toward heightened efficiency and sustainability in the industrial setting gains pace. They are stepping up their game with investments in technology solutions and services that cater to rising energy needs worldwide. In tandem, the global oil and gas services market is growing by leaps and bounds, with expected growth at a CAGR of 25.5 percent to reach $7425 billion in 2025. The chief drivers of this market expansion are government policies favoring conventional energy resources and the high demand for natural gas. Furthermore, advanced technological innovations in field equipment and the upstream sector are fuelling the market growth. Major O&G companies increasingly investing in big data analytics and artificial intelligence to improve decision-making abilities to drive profits are also setting the stage for rapid market growth.This edition of CIOReview shines light on the key developments in the oil and gas domain and the ways O&G businesses are leveraging the latest tech solutions and services to drive efficiency in their operations sustainably and profitably. It features thought leadership articles from Erin Boyd, Head of Commercial and CX Data Sciences at The AES, and Antonio Lisboa, Chief Solution Architect at EDP. They speak about the ways O&G companies can predict commodity prices better by leveraging natural language processing to separate relevant data from unstructured textual data and the increasing need to create new-age technologies to prepare for an evolving, producer role played by energy consumers.The edition also features Triax Technologies, a company bringing technology solutions to drive enhanced safety and productivity in some of the most challenging worksites in energy, construction, and manufacturing sectors. Its suite of IoT-based devices helps improve worker security, boost efficiency, automate reporting and timekeeping, and optimize field operations. In this edition featuring the most promising oil and gas service companies, we hope you find the ideal partner to transform your energy business in the present and be future-ready to navigate newer industry developments.Let us know your thoughts!EditorialMeeting Global Energy Needs with Efficiency Copyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com January, Vol 11, Issue - 65 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewEditorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasGina ClumskyYenny TurnerTiffany HayworthAbner LawrenceVisualizersChris LynnPresley Meadow*Some of the Insights are based on our interviews with CIOs and CXOsJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin Smith
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