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Oil and Gas Digital and Technology Trends Survey 2015
Oil and Gas Industry Investment in Digital Technologies Shows Resilience in Oil Price Downturn
Big Data and Industrial Internet of Things Predicted to Grow Over Next Three to Five Years.
In the short term almost 6 out of 10 said they plan to invest the same amount (32 percent) or more or significantly more (25 percent) in digital technologies.
Over the next three to five years, approximately 80 percent of the oil and gas industry professionals surveyed said they plan to invest the same amount (18 percent), more or significantly more (62 percent) in digital.
80 percent
Despite current lower crude oil prices, most companies in the oil and gas industry plan to invest the same amount or more in digital technologies.
Mobility, infrastructure and collaboration technologies currently represent the biggest investment areas across the oil and gas industry.
Over the next three to five years, investments are expected to increase in big data and the Industrial Internet of Things (IIoT) / Automation.
Which of these digital technologies is your company investing in today/over the next 3-5 years?
Investing Today Investing over the next 3-5 years
Cloud
61% 61%
Big data / Analytics
56%
61%
Collaboration
65%
51%
Infrastructure
69%
53%
Industrial Internet Of Things (IIoT) /
Automation
65%
53%
Mobility
51%
72%
Storage of large datasets
Storage of unstructured
data
Near real-time visualization
of data across data sents in
consolidated views
Near real-time alerting
Machine learning for continual
model optimization
Other analyticalcapabilities
Remote monitoring
of assets
Remote managing of assets
Near timely or near real-time
data / information
Health, safety and other workforce
advantages
Availability of new “as a service” models (shift from products
to services)
Other areas
1.69 1.73
2.972.81
4.054.134.394.40
3.733.78
4.284.29
Most Important Today Most Important 3-5 Years
1.381.40
2.572.39
3.473.48
3.873.88
4.424.224.34
4.60
Digital adds most value when enabling people and assets.
For analytics, near real-time visualization, storage of large data sets and near real-time alerting are the most important capabilities today and in the next 3 - 5 years.
For IIoT, remote monitoring and management of assets are the most important capabilities today and over the next 3-5 years.
Which analytical capabilities are most important for upstream today / over next 3-5 years?
In which areas do you feel Human to Machine / Machine to Machine / Industrial Internet of Things (IIoT) / Automation are most important for upstream today / over next 3-5 years?
decisions were the key areas where digital technologies will
Faster decisions / More informed decisions Leveraging of scarce resources and talent
Ability to manage more complex work
Reduced costs Innovation to stay competitive Other
Collaboration
Analytical Capabilities
Mobile Technologies
Human to Machine/ Machine to Machine/ Industrial Internet of Things (IIoT)/ Automation
44%
54%
35%
48%
33%30% 31%
35%
60% 58%
43%
56%
68%64%
58% 58%
2% 1% 0%3%
18%22%
18% 17%
43%
36% 36%
48%
The biggest perceived barriers to realizing value from digital technologies are the existing workflows and processes, and concerns over physical and cyber security.
Other(please name the barrier)
No barriers – we are investing
in digital technologies
today
Physical and cyber security
Technology too
immature
Inability to find the required
information
Inability to find the required
talent, e.g. data scientists
Operational spread and
remote locations
Existing workflows and
processes create
bottlenecks
Organizational culture doesn’t support digital investments
The business case for
investing in digital
technologies is not clear
5%
16%
34%
14%
29%
17%
21%
30%
37%
24%
What are the biggest barriers to getting value from digital technologies in upstream?
Oil and gas executives agree that implementing more digital technologies will create more business value today.
So how will your company use digital technologies to add business value?
The Microsoft and Accenture “Oil and Gas Digital and Technology Trends Survey 2015,” conducted by PennEnergy Research in partnership with the Oil & Gas Journal, surveyed industry professionals worldwide, including engineers, geologists and mid-level and executive management from the upstream, midstream and downstream segments.
At Accenture:
Rich Holsman Global Energy Technology Managing [email protected]
Visit us at accenture.com/energy
@AccentureEnergy#DigitalEnergy#AccentureDigital
At Microsoft:
Randall HoppeIndustry Director – Oil & Gas, Energy and Process [email protected]
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