Business Strategy: Oil and Gas — Big Ideas and Key Innovative Technologies
This IDC Energy Insights report intends to describe the key trends of innovation in the oil and gas industry, challenges, and the technologies and approaches energy companies should be and are evaluating to help accelerate the process of timely adoption. Oil and gas companies need to modernize their IT environment to develop a solid platform for adding innovative technologies like the 3rd Platform. Energy companies also need big ideas about how to use innovation to make a difference and are relying on their partners to be more strategic and help them find the big opportunities that have a high impact on the business.According to Chris Niven, IDC Energy Insights research analyst, "The oil and gas landscape is changing rapidly, and those companies that can't evolve their IT environment into the 3rd Platform will perish in the next one to three years." Lower oil prices have pushed oil and gas companies to rapidly focus on big ideas, which can significantly impact their costs and efficiencies. Operators are working closely with trusted partners to find those high-impact areas that will make a difference and keep the lights on until prices return.