BP Plc - Digital Transformation Strategies

BP Plc - Digital Transformation Strategies

Summary

GlobalData's Power VentureView report provides detailed coverage of the global venture capital investment activity in Power industry in Q2 2023, covering key insights and trends.

Key Highlights

• Identify top unicorns of the quarter
• Which startups have joined the unicorn club
• Analyse the unicorn universe trend
• Find out which startups have the potential to become Future Unicorns
• Analyse Future unicorns by region and sector
• Which are the top startups of the quarter
• Top Theme of the quarter
• Which corporates are making strategic investments in startups

Scope

• BP established an ‘innovation & engineering’ arm to drive digital innovations across its business operations. The center focuses on applying emerging technologies to improve infrastructure and operations and protect its systems and assets from digital threats and cybercrime.
• BP is applying AI-driven tools to improve its upstream operations (the process involving searching for potential natural gas and crude oil fields, drilling exploratory wells, and operating the wells) across the world.
• BP is also utilizing IoT sensors to continuously monitor the functioning of substations powering its ultra-fast charging stations at select gas stations and take preventive maintenance operations if required.
• BP’s I&E arm focuses on developing innovative digital products & solutions that enable the organization and its customers to quickly shift to zero-emission energy sources.

Reasons to Buy

• Gain insights into BP's tech operations.
• Gain insights into its tech strategies and innovation initiatives.
• Gain insights into its technology themes under focus.
• Gain insights into various product launches, partnerships and acquisition strategies.