<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Given that data and information have become the most valuable assets of companies that can be efficiently and economically stored in the cloud infrastructure, there is great pressure on business entities to capitalize on this business and technological opportunity. There is a particular pressure on oil companies to find new ways to create a competitive advantage by using the opportunities offered by cloud-based businesses. This is primarily a result of the fact that the reorientation of business activities to this type of storage and integration of data and applications represents a major change in the business world, and the growth trend continues in all aspects of the business. This paper deals with the possibilities and challenges of applying cloud technology in oil companies operating in turbulent conditions caused by fluctuations in oil prices in the global market..</p>
</abstract>

Given that data and information have become the most valuable assets of companies that can be efficiently and economically stored in the cloud infrastructure, there is great pressure on business entities to capitalize on this business and technological opportunity. There is a particular pressure on oil companies to find new ways to create a competitive advantage by using the opportunities offered by cloud-based businesses. This is primarily a result of the fact that the reorientation of business activities to this type of storage and integration of data and applications represents a major change in the business world, and the growth trend continues in all aspects of the business. This paper deals with the possibilities and challenges of applying cloud technology in oil companies operating in turbulent conditions caused by fluctuations in oil prices in the global market..

The Challenges of Cloud Technology Implementation in Oil Companies

Economic Themes

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"The Challenges of Cloud Technology Implementation in Oil Companies"}

Given that data and information have become the most valuable assets of companies that can be efficiently and economically stored in the cloud infrastructure,...

The Challenges of Cloud Technology Implementation in Oil Companies

Published Online: Apr 05, 2023

Page range: 387 - 407

Received: Feb 17, 2022

Accepted: Sep 30, 2022

DOI: https://doi.org/10.2478/ethemes-2022-0021

Keywords
Cloud technology, oil companies, areas of implementation, challenges of implementation

© 2022 Slavoljub Milovanović et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Challenges of Cloud Technology Implementation in Oil Companies

Published Online: Apr 05, 2023

Page range: 387 - 407

Received: Feb 17, 2022

Accepted: Sep 30, 2022

DOI: https://doi.org/10.2478/ethemes-2022-0021

KeywordsCloud technology, oil companies, areas of implementation, challenges of implementation

© 2022 Slavoljub Milovanović et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Cloud technology, oil companies, areas of implementation, challenges of implementation