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Forbes
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Forbes

ExxonMobil Is Rewiring Its Enterprise For The Energy Future

ExxonMobil is undergoing a significant digital transformation, fundamentally reshaping its business operations to meet future energy demands. This transformation centers on creating harmonized data, which is envisioned as the new gold standard for the company. This unified and consistent data foundation will be crucial for enabling advanced predictive analytics, fostering the development and implementation of artificial intelligence (AI) solutions, and facilitating faster, more informed decision-making across the enterprise. The initiative is not merely an IT upgrade but a comprehensive rewiring of the entire enterprise, aiming for greater efficiency, agility, and innovation. By standardizing data across its diverse global operations, ExxonMobil seeks to break down data silos that traditionally hinder cross-functional insights and operational optimizations. The move towards harmonized data will provide a single source of truth, ensuring that all departments and systems operate with the same accurate and up-to-date information. This consistency is paramount for reliable data analysis, which in turn underpins the effectiveness of predictive models and AI algorithms. Predictive analytics, powered by this robust data infrastructure, will allow ExxonMobil to anticipate market shifts, optimize resource allocation, and enhance operational safety. For instance, predictive maintenance models can foresee equipment failures before they occur, reducing downtime and maintenance costs. In exploration and production, predictive models can help identify optimal drilling locations and improve reservoir management. The integration of AI capabilities will further augment these efforts, enabling automated insights, process optimization, and enhanced problem-solving at an unprecedented scale. AI applications could range from optimizing supply chains and logistics to improving energy efficiency in refining and chemical processes. The emphasis on faster decision-making is a direct consequence of improved data accessibility and analytical capabilities. In the rapidly evolving energy sector, the ability to quickly react to market changes, regulatory developments, and technological advancements is a significant competitive advantage. Harmonized data and AI-driven insights will empower leadership and operational teams to make swift, data-backed decisions, moving away from slower, more siloed decision processes. This enterprise-wide rewiring also involves adopting new technologies and methodologies, likely including cloud computing, advanced data management platforms, and agile development practices. The transformation is expected to foster a culture of continuous improvement and data-driven innovation within ExxonMobil, preparing the company to navigate the complexities of the future energy landscape, which includes increasing demand for sustainable and efficient energy solutions. #ExxonMobil #EnergyFuture #DigitalTransformation #HarmonizedData #PredictiveAnalytics #ArtificialIntelligence #SAP #SAP_S4HANA #EnterpriseRewiring #ExxonMobil #EnergyFuture #DigitalTransformation #HarmonizedData #PredictiveAnalytics #ArtificialIntelligence #SAP #SAP_S4HANA #EnterpriseRewiring
3 weeks ago
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Power Home Remodeling is working to reprogram its industry from the inside out — and these devs are here for it
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The Future Of Finance Is Already Here, And It’s Rewiring The Enterprise
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Forbes
Power Home Remodeling is working to reprogram its industry from the inside out — and these devs are here for it
Power Home Remodeling, an exterior home remodeling company, is redefining its industry by adopting a tech-first approach, leveraging in-house software development. Despite operating in an industry often associated with consumer complaints, Power has positioned itself as a tech company that rebuilds homes. This classification is primarily due to its commitment to developing its proprietary collaborative intelligence platform, NITRO, internally rather than purchasing off-the-shelf solutions. This "build-not-buy" philosophy, championed by Chief Operating Officer/Partner Tim Wenhold, involves agile methodologies and continuous optimization of business processes through data analytics. Diego Borges, a remote developer for Power Home Remodeling, initially found it difficult to envision the technological needs of a home remodeling company. However, he quickly realized that technology is central to Power's operations. NITRO manages critical aspects such as leads, appointments, and automation, providing a comprehensive system that developers like Borges constantly strive to optimize. The company's tech teams are tasked with re-evaluating internal processes, prioritizing new features, and building applications from the ground up, offering invigorating challenges for its developers. Sebastian Kopp, a NITRO developer based at the company’s Chester headquarters, highlights the satisfaction derived from enhancing internal operations. One significant project involved redesigning the workflow for the customer assistance contact center. By using asynchronous script, Kopp and his team developed a faster system for connecting customers with agents, resulting in a 5% to 10% increase in call handling capacity and quicker access to homeowner information. This improvement empowered the customer assistance team and contributed to overall business efficiency. Another notable innovation addressed the time-consuming loan application process. Previously, it could take weeks for homeowners to receive bank loan approvals after a remodeling consultant made a sale. Borges's team automated this process by integrating Power's system directly with bank systems. This integration now provides loan results within minutes, allowing remodeling consultants to secure sales more quickly while still on the phone with customers. This automation significantly streamlined operations, reduced waiting times, and boosted sales, making the jobs of remodeling consultants considerably easier. The emphasis on clear communication is crucial to Power's internal culture, fostering a healthy environment where developers like Kopp and Borges feel heard and valued. They believe that being a developer involves not only writing code but also effectively communicating with various business units and peers. This collaborative and feedback-rich environment promotes continuous iteration and problem-solving, which has been instrumental in the company's growth. Power has expanded from a small office to a large, modern headquarters without compromising its core values or culture, largely due to the consistent care and support from its leadership. The company also contemplates the future possibility of issuing its own loan applications to homeowners, indicating its continued drive for innovation and control over the customer experience. #SoftwareDevelopment #CompanyCulture #WorkplaceCulture #HomeRemodeling #TechCompany #NITROPlatform #InternalTools #ProcessAutomation #DeveloperJobs
The Root
The Root
The Future Of Finance Is Already Here, And It’s Rewiring The Enterprise
The role of finance is undergoing a significant transformation, moving beyond traditional process-oriented functions to become a strategic driver of enterprise innovation and agility. This shift, often referred to as 'Finance 4.0,' is not a future concept but a current operating model. Finance professionals are increasingly leveraging technology to enhance visibility, generate insights, and orchestrate growth at scale. Connected data is at the core of this revolution. Cloud-native Enterprise Resource Planning (ERP) systems are breaking down data silos, integrating financial data with information from human resources, supply chain, sales, marketing, and operations. This integration provides a comprehensive and real-time view of an organization's health, allowing for more informed decision-making. Predictive analytics and machine learning are enabling finance teams to conduct hundreds of simulations in minutes. This capability allows them to model the potential impact of various scenarios, such as significant increases in raw material costs or delays in product launches, on key financial metrics like EBITDA. This proactive approach helps finance shift from reactive problem-solving to preemptive risk management, enabling them to anticipate and address challenges before they escalate. Surveys of finance leaders indicate a widespread acknowledgment of this evolving landscape. For instance, a survey of over 200 finance leaders, including 63 CFOs from companies exceeding $500 million in revenue, revealed that while a majority feel positive about their current financial health and are confident about the year ahead, nearly all are actively preparing for disruption. This preparation involves stress-testing supply chains, re-evaluating vendor strategies, and developing new models for resilience, underscoring the ongoing nature of this transformation. Automation, initially perceived as an efficiency tool, rapidly evolves into intelligent automation within finance. Routine tasks such as reconciliations, journal entries, and audit trails are now automated. Generative AI is also being deployed for tasks like drafting tax disclosures, classifying compliance data, and analyzing quarterly financial variances. By piloting these tools within their own workflows, finance departments can validate their effectiveness and demonstrate their value before broader enterprise-wide adoption, positioning finance as a key incubator for innovation. Finance is also instrumental in reshaping innovation within larger enterprises through dynamic capital allocation. This involves using stage-gated funding to scale successful initiatives and discontinue underperforming ones early. Scenario planning, traditionally a quarterly exercise, now provides real-time guidance for strategic investments and bold decisions. When new initiatives succeed, finance actively redesigns incentives and Key Performance Indicators (KPIs) to embed growth directly into the operating model, ensuring sustainable progress. The new mandate for finance leaders emphasizes several key areas. First, continuous intelligence, rather than cyclical planning, is crucial, advocating for rolling forecasts and real-time analytics over outdated annual cycles. Second, digital dexterity is paramount, requiring finance leaders to be proficient in AI, automation, and advanced analytics, not just traditional balance sheet management. Third, collaboration is essential, meaning finance must be deeply integrated with product, supply chain, and go-to-market teams to co-pilot execution. Finally, resilience is a strategic imperative, as finance is uniquely equipped to model uncertainty from geopolitical events to climate disruptions and build protective measures into the enterprise structure. Organizations that empower their finance functions in these ways are better positioned to navigate disruption and gain a competitive advantage in the modern business environment. #FinanceTransformation #DigitalFinance #ArtificialIntelligence #Automation #StrategicFinance #PredictiveAnalytics #EnterpriseResourcePlanning #FinancialInnovation #BusinessResilience
Forbes
Forbes