(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 21. Azerbaijan's oil
industry has all the chances to lead the digital transformation
process in the list of industries with a high level of such
transformation, CEO of Russian DIS Group Pavel Likhnistkiy told
Trend .
According to Likhnistkiy, major banks in Azerbaijan hold high
positions in the rankings in the field of innovation, which is due
to the defining role of the oil industry in the country's economy,
as well as the agitating demand for Azerbaijani oil due to the
dramatic change in the global economic situation.
“In many countries, industrial companies, including the fuel and
energy sector, are in the second echelon of digital transformation,
but Azerbaijan is unique in that the oil industry here has all the
chances to lead this process,” he said.“The growing demand, first
of all, from the EU countries and Turkey, requires a radical change
in the business strategy, production growth and logistics
restructuring in the shortest time. To date, digital transformation
based on data remains the only effective tool for such large-scale
business changes.”
He also noted that telecommunications and the banking sector
traditionally head the list of industries with a high level of
digital transformation, and in this sense, Azerbaijan is no
exception to global trends and the achievements of the Azerbaijani
telecom in creating smart data are recognized internationally.
“The transition to a digital society is one of the key points of
Azerbaijan 2030 strategy. This means improving the digital literacy
of the citizens and creating value through data-driven
innovations,” the CEO further said.“It requires a high level of
digital maturity, strategic decision-making and implementation of a
data management culture. Active government support accelerates this
process. Azerbaijan's experience here matches that of countries
such as Singapore, India, and Russia.”
Besides, according to Likhnitskiy, since Azerbaijan's economy
and business show a steady positive dynamics, high demand can be
predicted for data monetization solutions in the next few
years.
“We are talking not only about external monetization – for
example, at the expense of improving sales efficiency – but also
about internal monetization at the expense of cost reduction.
Business process optimization and data monetization through IT
analytics solutions come to the fore,” he noted.
“Data-driven analytics can accelerate the development of both
the business as a whole and its individual functions. In the
future, for at least five years, this trend will determine the
development of digital transformation of Azerbaijani business,”
added the CEO.
Tags:
- digital technologies
- business
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