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The Impact of New Communications in the Energy Industry

White Paper Published By: Actiance, Inc.
Actiance, Inc.
Published:  Jan 15, 2015
Type:  White Paper
Length:  11 pages

The use of instant messaging in the energy industry is widespread, with one source estimating that as much as 60% of trading in the physical power markets is conducted using the technology. Moreover, a Microsoft/Accenture survey found that 34% of oil and gas professionals are collaborating more than they were 12 months earlier, while only 10% are collaborating less. While real-time communications, such as instant messaging, are very useful for traders and others in the energy industry, a failure to monitor and retain them along with other electronic communications can result in substantial penalties and other serious consequences.

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Tags : 
communications, energy, real-time communications, collaboration