Market Research Logo

IDC FutureScape: Worldwide Oil and Gas 2018 Predictions

IDC FutureScape: Worldwide Oil and Gas 2018 Predictions

This IDC Energy Insights study presents the IDC Energy Insights analyst team's outlook for 2018, and the 24-months-and-beyond planning horizon, through the lens of the 10 predictions that make up, in IDC Energy Insights' view, the framework for IT and line-of-business decision makers' and influencers' planning and execution of technology-related initiatives in the year ahead."Lower oil and gas prices have not only have forced oil and gas companies to reduce costs but are also a catalyst. Oil and gas companies are optimizing processes, while setting aside innovation funding to digitally transform their business. Among the focus areas are: moving to cloud, applying mobility applications, integrated platforms for big data and analytics, advanced analytics and cognitive and other important initiatives such as Cybersecurity, and asset performance management (APM)," said Chris Niven, research director of Oil and Gas, IDC Energy Insights. "Our research shows that oil and gas companies are rapidly adopting new and innovative solutions that help automate all activities and bring a holistic view of operations with greater insight and control to become more resilient, agile, and adaptable to change."

Please Note: Extended description available upon request.


IDC FutureScape Figure
Executive Summary
IDC FutureScape Predictions
Summary of External Drivers
Predictions: Impact on Technology Buyers
Prediction 1: By the End of 2018, 15% of Oil and Gas Companies Will Have Developed Solutions Leading to the Rollout of Collaborative Development Capabilities Based on Open Source Software and Systems Hardware
Associated Drivers
IT Impact
Guidance
Prediction 2: By 2019, to Overcome Upstream Production Data Silos, 75% of All Operators Will Be Able to Apply Analytics to Track Hydrocarbon Production to the Well Level for Accurate Accounting
Associated Drivers
IT Impact
Guidance
Prediction 3: By 2020, 25% of Large Oil and Gas Companies Will Have Implemented a Platform to Develop, Analyze, Model, and Simulate Best Practices in a Cognitive-Based Continuous Learning Environment
Associated Drivers
IT Impact
Guidance
Prediction 4: In Line with an Increased Focus on EHS Regulations and Performance, 25% of All Operators Will Have Deployed Comprehensive OMS Software Applications by 2019 to Connect All EHS Information and Thus Monitor, Flag, and Audit Potential Risks and Performance Issues
Associated Drivers
IT Impact
Guidance
Prediction 5: By 2018, 25% of All Large and Major Operators Will Have Invested in APM to Monitor, Analyze, and React to Real-Time Operational Performance for Predictively Resolving Asset Issues Before They Impact a Process
Associated Drivers
IT Impact
Guidance
Prediction 6: By 2019, 25% of Oil and Gas Companies Will Have Moved Critical Applications to the Cloud, Thus Improving Security, Efficiency, Performance, Governance, and Cost
Associated Drivers
IT Impact
Guidance
Prediction 7: By 2018, 75% of All Oil and Gas Companies Will Have at Least One Digital Transformation Initiative in Full Operation Deploying Cloud, Big Data and Analytics, Process Automation, or IoT for the Organization to Advance Their IT Ecosystem
Associated Drivers
IT Impact
Guidance
Prediction 8: By 2020, to Rapidly Diagnose and Help Solve Oilfield-Related Problems, 25% of Large Oil and Gas Operators Will Have Equipped Technology-Focused Talent with Cognitive Assistants and AR-Enabled Devices
Associated Drivers
IT Impact
Guidance
Prediction 9: By 2020, Supported by Stable Oil Prices, 75% of Oil and Gas Companies Will Have Increased Outsourcing with Their Preferred IT Partners
Associated Drivers
IT Impact
Guidance
Prediction 10: By 2020, 25% of Global Oil and Gas Companies Will Have Developed Digital Transformation Strategies Specifically to Address the Disruption of Hydrocarbon Supply and Demand by Unconventional Extraction, New Asian Refineries, and Potential Transport Problems
Associated Drivers
IT Impact
Guidance
Advice for Technology Buyers
Top Areas of Focus for Your Company to Consider
External Drivers: Detail
Pace of Change — Technology Capabilities Enable Sustainable Change at the Speed of Digital Business
Human Versus Machine — The Impact of AI and Automation
Global Volatility — Political, Social, and Economic Disturbance
Sense, Compute, Actuate — The New Data-Centric Paradigm
Platform Disruption — Unleashing Digital Innovation's Power for Scale
Cyberthreats — Theft, Ransom, and Cyberattack on the Rise
Innovation Impasse — Legacy Systems Constraining Transformation
Learn More
Related Research

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report