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IDC FutureScape: Worldwide Oil and Gas 2020 Predictions

IDC FutureScape: Worldwide Oil and Gas 2020 Predictions

This IDC study provides the outlook of IDC Energy Insights' analyst team for the worldwide oil and gas industry for 2020, as well as the planning horizon for the next five years."Even in a depressed market, oil and gas companies are finding new and transformative approaches for digitizing their operations," said Andrew Meyers, research director, IDC Energy Insights. Meyers went on to state, "From small exploration companies all the way to supermajors, digital transformation is changing how oil and gas companies look at their businesses."

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 2021, 80% of E&P Companies with Land Portfolios Will Utilize RPA for Document and Contract Ingestion in Land Management
Associated Drivers
IT Impact
Guidance
Prediction 2: By 2022, 90% of Deepwater Operators Will Use Subsea-Processing Digital Twins on New Projects
Associated Drivers
IT Impact
Guidance
Prediction 3: By 2022, 30% of Oil and Gas Operations with Remote Upstream Operations Will Create Coordinated Connectivity Strategies Across 5G, LTE, Satellite, and Fixed Investments That Enable Pervasive Connectivity
Associated Drivers
IT Impact
Guidance
Prediction 4: By 2022, 90% of Oil Majors Will Have Deployed AI-Powered Applications to Various Exploration Processes Ranging from Automated Drilling to Cognitive Seismic Data Analysis to Reservoir Modeling
Associated Drivers
IT Impact
Guidance
Prediction 5: By 2021, About 75% of O&G Companies Will Move a Majority of On-Premise Applications to Cloud in Line with Their DX Strategy to Facilitate Scalability and Digital Innovation Across the Organization
Associated Drivers
IT Impact
Guidance
Prediction 6: By 2025, Because of Increased Investment in Operational Data Management in the Cloud, Downstream Oil and Gas Organizations Will Use APM to Improve Unplanned Downtime from Over 15% Today to Less than 5%
Associated Drivers
IT Impact
Guidance
Prediction 7: By 2021, Driven by Safety, Efficiency, Data Accuracy, and Integration in Real Time with ERP and Asset Management Systems, 50% of Midstream Operators Will Deploy Drones to Collect Pipeline Asset Data
Associated Drivers
IT Impact
Guidance
Prediction 8: By 2023, 40% of New Offshore Production Facilities Will Be Unmanned
Associated Drivers
IT Impact
Guidance
Prediction 9: Driven by the Need to Rapidly and Accurately Analyze Growing Volumes of Exploration Data, 25% of Large Oil and Gas Firms Will Have Piloted Quantum Computing Experiments by 2024
Associated Drivers
IT Impact
Guidance
Prediction 10: By 2020, 85% of O&G Firms Will Have Deployed HES and Operations Management Systems, Driven by the Investment Sector's Use of ESG Metrics in Investment Algorithms as well as Regulations
Associated Drivers
IT Impact
Guidance
Advice for Technology Buyers
External Drivers: Detail
The Age of Innovation: Driving the Future Enterprise
Accelerated Disruption: Navigating Business Challenges as Volatility Intensifies
Sense, Compute, Act: Maximizing Data Value
Geopolitical Risk: Societal and Economic Tensions Rise
Reimagining the Material World: Revolutionized Materials and Processes Expand Digital Technology Reach
The Future of Work: Agile, Augmented, Borderless, and Reconfigurable
Economies of Intelligence: AI, Human, and Organizational "Learning" Fuels Asymmetrical Advantage
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