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Business Strategy: 2015 IT Priorities of Western European Oil and Gas Companies

Business Strategy: 2015 IT Priorities of Western European Oil and Gas Companies

This IDC Energy Insights study analyzes the results of the annual IDC Energy Insights Survey carried out between August and October 2014. The survey focused on 35 interviews with representatives from the oil and gas (O&G) industry in Western Europe. This study aims to understand how O&G enterprises allocate and evolve their IT budgets as well as how they select their primary IT suppliers and how satisfied they are with them. It also analyzes enterprise and line-of-business (LOB) solution investment plans in the near future and the readiness of O&G firms to leverage the four pillars of the 3rd Platform (i.e., mobility, Big Data/analytics, social media, and cloud).

"Western European oil and gas companies continue to strive to improve their operational and financial efficiencies. To this end, survey results indicate that over the past 12 months, companies have succeeded in reducing their IT spending for compliance/maintain/run/ activities, effectively freeing up IT spending for more innovation activities," said Gaia Gallotti, research manager, IDC Energy Insights.

Please Note: Extended description available upon request.


IDC Energy Insights Opinion
In This Study
Definitions
Oil and Gas Industry
Methodology
Survey Respondent Profiles
Situation Overview
Oil and Gas Firms Believe in a Better Tomorrow
The Approach
ICT Budget Splits Between Internal and External IT Spending
Western European Oil and Gas Companies and Their IT Vendors/Service Providers
Customer Service and Support as well as Low Cost of Ownership: The Most Sought-After Qualities in an IT Vendor
IT Providers Need to Work to Satisfy Companies
Future Outlook
Oil and Gas Companies Hoping to Increase their External IT Spending
Key IT Challenges for Western European Oil and Gas Companies in 2015
Business Initiatives for Western European Oil and Gas Companies in the Next 12 Months
The Status of Enterprise and LOB IT Solutions
Current Investment Plans for Enterprise IT Solutions
Investment Plans for LOB IT Solutions
Investing in a New Solution
The 3rd Platform Pillars: Oil and Gas Companies' Approach to Mobility, Big Data, Social Media, and Cloud
Aligning Business Process with Mobile Technology
Big Data and Analytics
Social Media Tools
Cloud Computing
Essential Guidance
Actions to Consider
Learn More
Related Research
Synopsis
Table: Western Europe Oil and Gas Respondent Distribution
Table: Western Europe Oil and Gas Respondent Profiles by Functional Area and Country (%)
Figure: Western Europe Oil and Gas Business Outlook for the Next 12–18 Months
Figure: Western Europe Oil and Gas ICT Operating Budget Distribution
Figure: Western Europe Oil and Gas Primary IT Supplier Selection Criteria by Level of Importance
Figure: Western Europe Oil and Gas Primary IT Supplier Selection Criteria by Level of Satisfaction
Figure: Western Europe Oil and Gas Primary IT Supplier Selection Criteria: Level of Importance versus Level of Satisfaction
Figure: Western Europe Oil and Gas Expected Changes in External IT Spending in the Next 12 Months
Figure: Western Europe Oil and Gas IT Budget Distribution by Activity
Figure: Oil and Gas Companies' Key IT Challenges in 2014
Figure: Western Europe Oil and Gas Leading Business Initiatives to Support IT Decisions by Importance
Figure: Western Europe Oil and Gas Industry Software Spending by Application
Figure: Western Europe Oil and Gas Enterprise IT Solution Investment Plans
Figure: Western Europe Oil and Gas LOB IT Solution Investment Plans
Figure: Western Europe Oil and Gas LOB IT Investment Plans for New Solutions
Figure: Western Europe Oil and Gas Devices to Access Corporate Resources or Services by Mobile Environment
Figure: Western Europe Oil and Gas Mobile Software Adoption and Investment Plans
Figure: Western Europe Oil and Gas Mobile Software Corporate Applications Access Investment Plans
Figure: Western Europe Oil and Gas Big Data Adoption
Figure: Western Europe Oil and Gas Big Data Solution Usage
Figure: Western Europe Oil and Gas Big Data Solution Use Cases
Figure: Western Europe Oil and Gas Social Media Adoption
Figure: Western Europe Oil and Gas Reasons for Using Social Media Tools
Figure: Western Europe Oil and Gas Private Cloud Adoption Trends
Figure: Western Europe Oil and Gas Public Cloud Adoption Trends

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