--- title: Digital Transformation in Oil Will Put Houston on the Map description: Houston technology companies are primed to deliver solutions to advance digital transformation in the global energy industry. image: https://blog.datagumbo.com/hubfs/Q3_TEXAS.jpg --- [![Data Gumbo](https://blog.datagumbo.com/hs-fs/hubfs/Imported%20sitepage%20images/DataGumbo_logo_EPS_png.png?width=150&height=45&name=DataGumbo_logo_EPS_png.png "Data Gumbo")](https://www.datagumbo.com/) - [Platform](https://www.datagumbo.com/platform) Show submenu for Platform - [GumboNet](https://www.datagumbo.com/platform) Show submenu for GumboNet - [Blockchain as a Service](https://blog.datagumbo.com/platform#baas) - [GumboNet Smart Contracts](https://blog.datagumbo.com/platform#smart-contracts) - [Network Effect](https://blog.datagumbo.com/platform#network-effect) - [Security & Compliance](https://blog.datagumbo.com/platform#security) - [ESG Reporting](https://www.datagumbo.com/platform/esg-reporting) - [Industries](https://www.datagumbo.com/industries) Show submenu for Industries - [Energy](https://blog.datagumbo.com/industries#energy) - [Oil & Gas](https://blog.datagumbo.com/industries#oilandgas) - [Supply Chain & Logistics](https://blog.datagumbo.com/industries#supplychain) - [Mining](https://blog.datagumbo.com/industries#mining) - [Construction](https://blog.datagumbo.com/industries#construction) - [ESG](https://blog.datagumbo.com/industries#esg) - [Manufacturing](https://blog.datagumbo.com/industries#manufacturing) - [Commercial Real Estate](https://blog.datagumbo.com/industries#realestate) - [Pricing](https://www.datagumbo.com/pricing) - [Company](https://www.datagumbo.com/about-us) Show submenu for Company - [About Us](https://www.datagumbo.com/about-us) - [Careers](https://www.datagumbo.com/about-us/careers) - [Contact Us](https://www.datagumbo.com/contact-us) - Resources Show submenu for Resources - [Blog](https://blog.datagumbo.com/en/gumbonet-blog) - [Press](https://media.datagumbo.com/en) - [Resource Library](https://www.datagumbo.com/resource-library) - [Platform](https://www.datagumbo.com/platform) Show submenu for Platform - [GumboNet](https://www.datagumbo.com/platform) Show submenu for GumboNet - [Blockchain as a Service](https://blog.datagumbo.com/platform#baas) - [GumboNet Smart Contracts](https://blog.datagumbo.com/platform#smart-contracts) - [Network Effect](https://blog.datagumbo.com/platform#network-effect) - [Security & Compliance](https://blog.datagumbo.com/platform#security) - [ESG Reporting](https://www.datagumbo.com/platform/esg-reporting) - [Industries](https://www.datagumbo.com/industries) Show submenu for Industries - [Energy](https://blog.datagumbo.com/industries#energy) - [Oil & Gas](https://blog.datagumbo.com/industries#oilandgas) - [Supply Chain & Logistics](https://blog.datagumbo.com/industries#supplychain) - [Mining](https://blog.datagumbo.com/industries#mining) - [Construction](https://blog.datagumbo.com/industries#construction) - [ESG](https://blog.datagumbo.com/industries#esg) - [Manufacturing](https://blog.datagumbo.com/industries#manufacturing) - [Commercial Real Estate](https://blog.datagumbo.com/industries#realestate) - [Pricing](https://www.datagumbo.com/pricing) - [Company](https://www.datagumbo.com/about-us) Show submenu for Company - [About Us](https://www.datagumbo.com/about-us) - [Careers](https://www.datagumbo.com/about-us/careers) - [Contact Us](https://www.datagumbo.com/contact-us) - Resources Show submenu for Resources - [Blog](https://blog.datagumbo.com/en/gumbonet-blog) - [Press](https://media.datagumbo.com/en) - [Resource Library](https://www.datagumbo.com/resource-library) ![map with Texas highlighted in red](https://blog.datagumbo.com/hs-fs/hubfs/Q3_TEXAS.jpg?width=1280&name=Q3_TEXAS.jpg) # Digital Transformation in Oil Will Put Houston on the Map ![Andrew Bruce](https://blog.datagumbo.com/hs-fs/hubfs/Andrew_hexagon_bw_72.png?width=80&name=Andrew_hexagon_bw_72.png) [Andrew Bruce](https://blog.datagumbo.com/en/gumbonet-blog/author/andrew-bruce) Feb 17, 2021 2:23:22 PM What do the [Astros](https://www.crunchbase.com/organization/houston-astros), [NASA](https://www.crunchbase.com/organization/nasa) and [Beyoncé](https://www.crunchbase.com/person/beyonc%C3%A9-giselle-knowles-carter-2) have in common? They are all out of this world yet call Houston home. Along with its biggest anchor, oil and gas, the city is also home to a deep bench of[ aerospace](https://www.nasa.gov/centers/johnson/home/index.html),[ health care](https://www.tmc.edu/) and[ Fortune 500 companies](https://www.houston.org/houston-data/fortune-500-companies). While 2020 wasn’t exactly what anyone expected, Houston’s emergent technology companies are primed to deliver solutions to advance imminent digital transformation in the [$3.3 trillion global energy industry](https://www.investopedia.com/ask/answers/030915/what-percentage-global-economy-comprised-oil-gas-drilling-sector.asp#:~:text=With%202019%20global%20GDP%20estimated,the%20recovery%20of%20hydrocarbon%20liquids.) as a result of the oil price crash and COVID-19 pandemic of 2020. COVID-19 is the [villain](https://houston.innovationmap.com/moodys-analytics-ed-hirs-economic-impact-of-covid-19-2645672958.html) of this story, [gutting companies](https://www.researchandmarkets.com/reports/5093946/global-oil-and-gas-industry-2020-a-complete?utm_source=CI&utm_medium=PressRelease&utm_code=rvj6mh&utm_campaign=1414371+-+Oil+and+Gas+-+One+of+the+Hardest+Hit+Industries+by+COVID-19+%7c+Comprehensive+Industry+Analysis+and+Forecast+2020-2023&utm_exec=joca220prd), inflicting unimaginable economic damage, forcing layoffs, mergers, budget cuts and [changing the very nature of work](https://www.theatlantic.com/ideas/archive/2020/08/just-small-shift-remote-work-could-change-everything/614980/) itself. Even while egregious in impact, COVID-19 and the oil pricing crash can be seen as catalysts offering a clear path for Houston to make a name for itself as a serious tech hub, like a Phoenix rising from the ashes of Chapter 11. As Beyoncé says: “If everything was perfect, you would never learn, you would never grow.” ## Energy giants look to leap The oil and gas sector has been notoriously averse to change for as long as anyone can remember, moreso than any other global industry. But it can no longer afford to remain stagnant. Among the downturned market, a pandemic and seismic industry shifts toward [decarbonization](https://www.accenture.com/us-en/insights/energy/decarbonizing-energy-overview), the current environment is forcing companies’ hands. Innovation and technology adoption is the new prerequisite for survival and the [coming wave of change](https://houston.innovationmap.com/university-of-houston-joins-microsoft-backed-initiative-2648500433.html?mc_cid=69a01f958c&mc_eid=063a47a4a9) will alter Houston’s tech DNA for good. Approximately 92 percent of oil and gas executives [ polled by Ernst & Young](https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/oil-and-gas/ey-oil-and-gas-digital-transformation-and-the-workforce-survey-2020.pdf) agree that their organizations will have to change the way they operate. Among those polled, 80 percent are investing at least a moderate amount in digital technology and 43 percent have identified big data analytics and insights as one of the top three trends that will positively impact their business growth within the next three years. The same [Ernst & Young](https://www.crunchbase.com/organization/ernst-young) survey reports that companies are evaluating which digital technologies—data analytics, cybersecurity, data science, design thinking, blockchain and artificial intelligence among others—are the most imperative to driving production efficiencies and transforming operations to function on razor-thin margins. [Deloitte](https://www.crunchbase.com/organization/deloitte) also details that [near and midterm impacts](https://www2.deloitte.com/content/dam/Deloitte/us/Documents/energy-resources/us-tech-trends-oil-gas-chemicals-placemat-2020.pdf) from technology implementation are being prioritized and that effective digital adoption will require behavior, mindset and skill shifts to embrace and extract maximum results. With energy giants like [Phillips 66](https://www.crunchbase.com/organization/phillips-66-2), [ConocoPhillips](https://www.crunchbase.com/organization/conocophillips), [Plains GP Holdings](https://www.crunchbase.com/organization/plains-gp-holdings-lp), [Baker Hughes](https://www.crunchbase.com/organization/baker-hughes), [Halliburton](https://www.crunchbase.com/organization/halliburton) and more set up in Houston, the city is primed to witness a remarkable new era where traditional, slow-moving, entrenched oil and gas companies look for the fastest horse. Chances are that bet will come in the form of an agile startup. ## Startups at bat With a plethora of incubator and accelerator programs including [The Cannon](https://www.crunchbase.com/organization/the-cannon-houston) and [Houston Exponential](https://www.crunchbase.com/organization/houston-exponential) (a merger of the mayor’s Technology and Innovation Task Force, [Houston Technology Center](https://www.crunchbase.com/organization/houston-technology-center), and the [Greater Houston Partnership](https://www.crunchbase.com/organization/greater-houston-partnership)‘s Innovation Roundtable) the support to advance startup offerings abounds. Several notable startups poised to contribute to the billion-dollar digital transformation in oil and gas include Silicon Valley-founded [Tachyus](https://www.crunchbase.com/organization/tachyus), a technology platform that optimizes energy production, which transferred most of it staff to Houston; [M1neral,](https://www.crunchbase.com/organization/m1neral) a mineral rights buying optimization platform;[ Voyager](https://www.voyagerportal.com/company/), the platform for a transparent marine supply chain in energy; and[ GoExpedi](https://www.crunchbase.com/organization/expedi), a leading innovative supply chain procurement platform serving the energy sector. My company, [Data Gumbo](https://www.crunchbase.com/organization/data-gumbo-corporation), is a provider of GumboNet, a massively interconnected industrial blockchain network that realizes transactional certainty. ## Proof in the pudding: An influx of VC dollars There were more dollars funneled to Houston’s tech companies in 2020 than in years prior. According to[ HTX Funding Review](https://houston.innovationmap.com/houston-exponential-releases-tech-funding-report-2646882531.html), startups raised $433.33 million between January and July 2020, spread across 46 deals. [Investments within energy](https://news.crunchbase.com/news/chevron-ventures-new-fund-powers-90m-into-energy-startups/)—from venture arms of leading industry operators including[ Chevron](https://www.crunchbase.com/organization/chevron) and[ Shell](https://www.crunchbase.com/organization/shell-oil), as well as international oil and gas companies like Norway’s[ Equinor Ventures](https://www.crunchbase.com/organization/equinor-energy-ventures), France’s[ Total Carbon Neutrality Ventures](https://www.crunchbase.com/organization/total-energy-ventures-international) and[ Saudi Aramco Energy Ventures](https://www.crunchbase.com/organization/saev)—are supporting younger ventures to generate viable business opportunities in a post-COVID world. Legacy industries yield opportunities for meaningful innovation and problem-solving technology. And, as always, money follows suit. ## Tech on the bayou “Digital innovation is one of the few means that can contend with these profound changes” brought about by recent circumstances, according to [McKinsey & Co](https://www.crunchbase.com/organization/mckinsey-company). It’s time that energy, as a multibillion-dollar industry, modernizes to survive the crisis at hand and set itself up for a digital future — a future where there’s plenty of money to be made by the companies that can spur oil and gas into its new era. With a strong infrastructure (hello, [Port of Houston](https://www.crunchbase.com/organization/port-of-houston-authority)), [skilled workforce](https://www.gettingsmart.com/2020/04/the-power-of-tapping-academic-communities-for-tomorrows-workforce-needs/) (evidenced by its robust universities) and [a diverse](https://www.census.gov/quickfacts/houstoncitytexas) cultural landscape, Houston is poised to offer plausible solutions to its biggest industry’s woes. Who knows, maybe the next Zuckerberg will be wearing cowboy boots and a Stetson with a hoodie? Maybe[ tech’s hot new home — including the likes of Hewlett Packard Enterprise —](https://www.houston.org/news/hewlett-packard-enterprise-relocating-global-hq-houston) is the ‘[Silicon Bayou](https://medium.com/@sylvester.turner/meet-silicon-bayou-fc05ffc93042).’ In the interim, we’ll work on the name.  -- This article was authored by Andrew Bruce, CEO and Founder of Data Gumbo, and originally published at [Crunchbase News](https://news.crunchbase.com/news/houston-oil-gas-tech-innovation-startups/). Image credit: Crunchbase News.  Share on: [Share on Twitter](https://twitter.com/intent/tweet?url=https://blog.datagumbo.com/en/gumbonet-blog/how-digital-transformation-in-oil-and-gas-will-put-houston-on-the-map-as-a-tech-hub&text=I+found+this+interesting+blog+post) [Share on Facebook](https://www.facebook.com/sharer.php?u=https://blog.datagumbo.com/en/gumbonet-blog/how-digital-transformation-in-oil-and-gas-will-put-houston-on-the-map-as-a-tech-hub) [Share on LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https://blog.datagumbo.com/en/gumbonet-blog/how-digital-transformation-in-oil-and-gas-will-put-houston-on-the-map-as-a-tech-hub) Tags: [Smart Contracts](https://blog.datagumbo.com/en/gumbonet-blog/tag/smart-contracts) [Thought Leadership](https://blog.datagumbo.com/en/gumbonet-blog/tag/thought-leadership) You may also like ![SXSW Wrap Up at the Houston House](https://blog.datagumbo.com/hs-fs/hubfs/screenshot%20panel%20%281%29.png?width=630&name=screenshot%20panel%20%281%29.png) ![SXSW Wrap Up at the Houston House](https://blog.datagumbo.com/hs-fs/hubfs/screenshot%20panel%20%281%29.png?width=630&name=screenshot%20panel%20%281%29.png) SXSW Wrap Up at the Houston House: Silicon Bayou and the ESG Wave ![Houston Business Journal Inno Fire Awards](https://blog.datagumbo.com/hs-fs/hubfs/hou-cpcover-online-031122_1200xx10417-5860-0-0.jpeg?width=630&name=hou-cpcover-online-031122_1200xx10417-5860-0-0.jpeg) ![Houston Business Journal Inno Fire Awards](https://blog.datagumbo.com/hs-fs/hubfs/hou-cpcover-online-031122_1200xx10417-5860-0-0.jpeg?width=630&name=hou-cpcover-online-031122_1200xx10417-5860-0-0.jpeg) Data Gumbo Named a Top Energy Innovator in 2022 Fire Awards [![Data Gumbo Logo](https://8433262.fs1.hubspotusercontent-na1.net/hub/8433262/hubfs/DataGumbo_logo_final_darkText.png?width=150&height=59&name=DataGumbo_logo_final_darkText.png "Data Gumbo Logo")](https://www.datagumbo.com/) [Data Gumbo Corporation 600 Travis Street Suite 5050 Houston, Texas 77002](https://goo.gl/maps/FKnPG5Rhzg9ZQuie6) ##### Platform - [BaaS](https://blog.datagumbo.com/platform#baas) - [Smart Contracts](https://blog.datagumbo.com/platform#smart-contracts) - [Network Effect](https://blog.datagumbo.com/platform#network-effect) - [Security & Compliance](https://blog.datagumbo.com/platform#security) - [ESG Reporting](https://www.datagumbo.com/platform/esg-reporting) ##### Resources - [Blog](https://blog.datagumbo.com/en/gumbonet-blog) - [Press](https://media.datagumbo.com/en) - [Resources](https://www.datagumbo.com/resource-library) - [Knowledge Base](https://knowledgebase.datagumbo.com/knowledge) ##### Let's Connect - [Book a Demo](https://www.datagumbo.com/book-demo) - [Login](https://demo.datagumbo.com/login) - [Support](https://knowledgebase.datagumbo.com/knowledge) - [Contact Us](https://www.datagumbo.com/contact-us) - [info@datagumbo.com](mailto:info@datagumbo.com) [Follow us on Facebook](https://www.facebook.com/datagumbo/) [Follow us on LinkedIn](https://www.linkedin.com/company/data-gumbo/) [Follow us on Instagram](https://www.instagram.com/datagumbo/) [Follow us on Twitter](https://twitter.com/datagumbo) © 2026 All rights reserved. | [Privacy Policy](https://blog.datagumbo.com/privacy-policy)