Applying object technology principles to business reengineering in the oil, gas, and petrochemical industries

The oil, gas, and petrochemical industries face a dilemma, to be financially competitive while complying with strict and expanding environmental, safety, and health regulation. Companies need new tools and techniques, indeed a completely new paradigm for organizing and performing work. They must build efficient and flexible business processes, ones that rely on advanced information systems for improved decision making and productivity. And they must adopt a culture of change and improvement to permit the business to change as the business climate changes. Fortunately, two industry developments are changing the traditional business paradigm in a dramatic way; business reengineering and object technology. Applying principles of object technology in the performance of business reengineering makes available a new form of business modeling that transforms the technique of modeling a business while directly supported the development of its enabling information systems. This modeling technique is called Object Modeling and is becoming an important force in improving business competitiveness