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Digital transformation in the resource and energy sectors: A systematic review

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  • Maroufkhani, Parisa
  • Desouza, Kevin C.
  • Perrons, Robert K.
  • Iranmanesh, Mohammad

Abstract

The forces of digital transformation have delivered significant benefits like sustainable development and economic growth in a range of early adopter industries such as retail and manufacturing but, despite these potential benefits, the resource and energy sectors have been relative latecomers to digitalization simply because they are frequently slower to absorb new technologies. Here we present the results of a systematic literature review identifying the ways in which digital technologies have been applied in the oil and gas, mining, and energy domains. We applied content and descriptive analysis to evaluate and discuss 151 academic articles selected from the Scopus database. Two particularly interesting trends emerge from the analysis. First, over 75% of the papers were about the energy sector excluding the oil & gas industry, and only a small minority were from the mining or oil & gas sectors. Second, the most frequently discussed objective of digital transformation was the reduction of operational expenses. By surveying the different ways in which these innovations have been used in these industries and identifying trends and patterns in how digital technologies have been applied, the findings of this review deepen our understanding of the current state of digital technologies within the resource and energy sectors and, in so doing, shine a useful amount of light on the contributions that digital transformation has made to businesses in these sectors. This paper also highlights for future scholars, practitioners, and policymakers the six research areas that they should focus on in the future to help the resource and energy sectors accelerate the digital transformation process and improve their ability to deliver value with these innovations.

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  • Maroufkhani, Parisa & Desouza, Kevin C. & Perrons, Robert K. & Iranmanesh, Mohammad, 2022. "Digital transformation in the resource and energy sectors: A systematic review," Resources Policy, Elsevier, vol. 76(C).
    • Handle: RePEc:eee:jrpoli:v:76:y:2022:i:c:s030142072200071x
    DOI: 10.1016/j.resourpol.2022.102622
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    1. Inam ul Haq & Sofia Anwar & Abdul Quddoos & Faraz Riaz, 2022. "Estimation of Digital Transformation in South Asian Economies: An Application of Broad-Spectrum Approach," Journal of Economic Impact, Science Impact Publishers, vol. 4(3), pages 152-160.
    2. Yang, Senmiao & Wang, Jianda & Dong, Kangyin & Jiang, Qingzhe, 2023. "A path towards China's energy justice: How does digital technology innovation bring about a just revolution?," Energy Economics, Elsevier, vol. 127(PA).
    3. Su, Yifan & Xu, Guanghua, 2022. "Low-carbon transformation of natural resource industry in China: Determinants and policy implications to achieve COP26 targets," Resources Policy, Elsevier, vol. 79(C).
    4. Marek Szarucki & Radosław Rybkowski & Justyna Bugaj & Klaudia Bracio, 2022. "A Comprehensive Review of Research Approaches in the Energy Sector: A Management Sciences Perspective," Energies, MDPI, vol. 15(22), pages 1-21, November.
    5. Almansour, Mohammed, 2023. "Artificial intelligence and resource optimization: A study of Fintech start-ups," Resources Policy, Elsevier, vol. 80(C).
    6. Chipangamate, Nelson S. & Nwaila, Glen T. & Bourdeau, Julie E. & Zhang, Steven E., 2023. "Integration of stakeholder engagement practices in pursuit of social licence to operate in a modernising mining industry," Resources Policy, Elsevier, vol. 85(PB).
    7. Łukasz Jarosław Kozar & Adam Sulich, 2023. "Energy Sector’s Green Transformation towards Sustainable Development: A Review and Future Directions," Sustainability, MDPI, vol. 15(15), pages 1-18, July.
    8. Cezar-Petre Simion & Cătălin-Alexandru Verdeș & Alexandra-Andreea Mironescu & Florin-Gabriel Anghel, 2023. "Digitalization in Energy Production, Distribution, and Consumption: A Systematic Literature Review," Energies, MDPI, vol. 16(4), pages 1-30, February.
    9. Zhang, Zhouyi & Song, Yi & Cheng, Jinhua & Zhang, Yijun, 2023. "Effects of heterogeneous ICT on critical metal supply: A differentiated perspective on primary and secondary supply," Resources Policy, Elsevier, vol. 83(C).
    10. Heymann, Fabian & Milojevic, Tatjana & Covatariu, Andrei & Verma, Piyush, 2023. "Digitalization in decarbonizing electricity systems – Phenomena, regional aspects, stakeholders, use cases, challenges and policy options," Energy, Elsevier, vol. 262(PB).
    11. Qiong Xu & Xin Li & Fei Guo, 2023. "Digital transformation and environmental performance: Evidence from Chinese resource‐based enterprises," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1816-1840, July.
    12. Svetlana Gutman & Viktoriia Brazovskaia, 2023. "Tool Development for Assessing the Strategic Development of Territorial Socio-Economic Systems for the Purposes of Energy Sector Digital Transformation," Energies, MDPI, vol. 16(14), pages 1-16, July.
    13. Lin, Boqiang & Huang, Chenchen, 2023. "Nonlinear relationship between digitization and energy efficiency: Evidence from transnational panel data," Energy, Elsevier, vol. 276(C).
    14. Huang, Chenchen & Lin, Boqiang, 2023. "Promoting decarbonization in the power sector: How important is digital transformation?," Energy Policy, Elsevier, vol. 182(C).
    15. Wang, Hu & Shen, Hong & Li, Shouwei, 2023. "Does green direct financing work in reducing carbon risk?," Economic Modelling, Elsevier, vol. 128(C).
    16. Jiachao Peng & Hanfei Chen & Lei Jia & Shuke Fu & Jiali Tian, 2023. "Impact of Digital Industrialization on the Energy Industry Supply Chain: Evidence from the Natural Gas Industry in China," Energies, MDPI, vol. 16(4), pages 1-32, February.
    17. Kalina, Jacek, 2023. "The quest for game changers - Review of new trends and innovations in the design of large-scale energy systems," Energy, Elsevier, vol. 277(C).

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