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Oil & Gas - Upstream Dataand Information Management                     Survey            Conducted for WIPRO by the Oil &...
Agenda    1    Industry Overview    2    Understanding the need for data management    3    Findings    4    Customer Take...
Industry Overview3   © 2011 Wipro Ltd - Confidential
Industry overview     Upstream oil and gas industry witnessing an explosion of data due                   to the developme...
Demands and developments                                                                                   Rising Customer...
Understanding the need for data management       The Oil & Gas Journal Online Research Center and Wipro’s survey6         ...
Need for data management                           Is the quality of data available sufficient to make good business decis...
Findings8   © 2011 Wipro Ltd - Confidential
Findings    The survey was posted on an online survey site. Those in the sample group were sent    an e-mail invitation to...
Survey findings     Please comment on the quality of the following data types: “My organization’s data is of     sufficien...
Survey findings     How aggressive is your organization in moving towards the adoption of upstream     industry IT standar...
Survey findings     Does your organization have named Data Stewards (data owners) for “important”     upstream data?      ...
Survey findings     Within your organization, how much time does a “high-end” consumer of upstream     data spend on “lowe...
Survey findings     What percent of your overall data needs, reside outside of your particular functional     area or disc...
Survey findings     Rate the following upstream data management issues in terms of the impact they are     having on your ...
Survey findings     As it relates to upstream data and information management within your organization     today, please c...
Survey findings     How well would you describe the alignment of the upstream IT function and the upstream     operations/...
Survey findings     Within the past 2-years, how would you describe the success of all the upstream data     management re...
Survey findings     State your agreement with the following with regard to major upstream information     systems and data...
Customer Takeaways                                            When > Where >How20   © 2011 Wipro Ltd - Confidential
Customer Takeaways     • Recognize the need to raise the bar on data management assets, systems, tools and processes     •...
To read the complete report please visit the link below     http://www.wipro.com/datadocs/insights/Oil_and_Gas_Research_Re...
About Wipro Council of Industry Research     Wipro set up the Council for Industry Research, comprised of domain and     t...
About Wipro Technologies     Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a     leading Infor...
Thank you© Wipro Limited, 2011. All rights reserved.For more information visit www.wipro.comNo part of this document may b...
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Oil and Gas report

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A presentation on the Oil and Gas-Upstream Data and Information management survey conducted for Wipro by the Oil & Gas Journal online research center

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Transcript of "Oil and Gas report"

  1. 1. Oil & Gas - Upstream Dataand Information Management Survey Conducted for WIPRO by the Oil & Gas Journal Online Research Center © 2011 Wipro Ltd - Confidential
  2. 2. Agenda 1 Industry Overview 2 Understanding the need for data management 3 Findings 4 Customer Takeaways2 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  3. 3. Industry Overview3 © 2011 Wipro Ltd - Confidential
  4. 4. Industry overview Upstream oil and gas industry witnessing an explosion of data due to the development of digital oilfields Capture Multitude of sensors Challenges in Complex data Deploy data Store management management Data integration (operational, Higher financial, human frequency of resource and data collection supply chain Manage data) O&G industry largely broken into silos - Need to raise the bar on data management assets, systems, tools and processes4 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  5. 5. Demands and developments Rising Customer As operations within the O&G industry get Demands integrated, the accuracy of data and the provisioning of standards will be the key to success Greater emphasis on access Key Drivers Clean-up Preparation of data for - Real Time Data Analysis, analytics, and Management Business Analytics interpretation (RTDM) Developments Renewed investments in processes and Recent Newer geographies, technology regulatory requirements and Change in industry’s increased reluctance to invest competition in technology and data management5 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  6. 6. Understanding the need for data management The Oil & Gas Journal Online Research Center and Wipro’s survey6 © 2011 Wipro Ltd - Confidential
  7. 7. Need for data management Is the quality of data available sufficient to make good business decisions? Where is the upstream organization in relation to the adoption of dependable IT standards? How do Data Stewards impact the delivery of reliable, high quality data across the organization? What is the impact of data management processes on timeliness of access and quality of data? What data type is of the highest quality and what is of the lowest quality? Is upstream data managed successfully? What is the extent of concern over (the lack of) alignment between IT and business? Is there a co-relationship between good data management, leadership, the IT organization and the business organization? How do organizations perceive the lack of naming standards, KPIs, enterprise master data and the inability to integrate data? What percentage of the industry is adopting IT Standards? Have organizations realized the success of upstream data management related initiatives?7 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  8. 8. Findings8 © 2011 Wipro Ltd - Confidential
  9. 9. Findings The survey was posted on an online survey site. Those in the sample group were sent an e-mail invitation to participate, with a link to the survey. Responses were received from 191 individuals. Organizationally, are you more aligned with the business or the IT function? Key Finding Survey has a fair representation from business and operations (80%): Survey results can be expected to reflect business concerns.9 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  10. 10. Survey findings Please comment on the quality of the following data types: “My organization’s data is of sufficient quality to effectively manage our business and make sound business decisions” Key Insights • Production related data is of the highest quality • Health, Safety and Environment data is of high quality • G&G, seismic and reservoir related data being poor comes as a surprise10 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  11. 11. Survey findings How aggressive is your organization in moving towards the adoption of upstream industry IT standards (e.g. Energistics WITSML, Energistics PRODML, Open-Spirit, PPDM, Microsoft MURA, etc.)? Key Insights • Significant percentage not adopting industry standards ona regular basis • 1 out of 6 not sure if IT Standards are being adopted • Definite opportunity to educate community and co- workers11 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  12. 12. Survey findings Does your organization have named Data Stewards (data owners) for “important” upstream data? Key Insights •Half the organizations surveyed either did not have Data Stewards or were not aware of having them •Data Stewards should be more vocal about their role12 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  13. 13. Survey findings Within your organization, how much time does a “high-end” consumer of upstream data spend on “lower value” activities like looking for, accessing, cleaning-up, or preparing data before “higher value” activities like analysis, analytics, and interpretation can be done? Key Insights • Significant time spent on low value activity by data consumers • Indicative of resource constraints • Indicative of organizations operating in complex environments • Indicative of need for systemic inadequacies in data management and processes13 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  14. 14. Survey findings What percent of your overall data needs, reside outside of your particular functional area or discipline? Key Insights • Significant amount of data residing outside functional area • Data residing in silos in industry • Need for avoiding low-value activity like data cleansing, validation etc14 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  15. 15. Survey findings Rate the following upstream data management issues in terms of the impact they are having on your organization today: Key Insights • Highest impact of data management issues is on timeliness of access and quality of data • Lack of naming standards, lack of KPIs, lack of enterprise master data, lack of ability to integrate data are key process and governance dependencies • Lack of process and effective governance can raise costs15 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  16. 16. Survey findings As it relates to upstream data and information management within your organization today, please comment on the following statements: Key Insights • Clear correlations between good data management and leadership • Clear correlations between good data management and IT organization • Clear correlations between good data management and business organization • Leadership needs to fund data management16 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  17. 17. Survey findings How well would you describe the alignment of the upstream IT function and the upstream operations/business working together to address the upstream data needs of the organization? Key Insights • IT and business need closer alignment • Indicative of need for tools, process, communication, governance and master plans. • Alignment is topic of discussion within organization17 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  18. 18. Survey findings Within the past 2-years, how would you describe the success of all the upstream data management related initiatives sanctioned by your organization? Key Insights • Very high percentage indicating poor success related to management of upstream data • Further emphasizes the need for alignment between IT and business • Indicative of opportunity for improvement • Indicative of need for strategy, governance, adoption of industry standards, planning, creating roadmaps, better communication, improved change management, funding • Need to create quick wins that can excite the organization18 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  19. 19. Survey findings State your agreement with the following with regard to major upstream information systems and data stores at your organization Key Insights • Divergent responses indicate opportunity for areas of improvement within organization.19 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  20. 20. Customer Takeaways When > Where >How20 © 2011 Wipro Ltd - Confidential
  21. 21. Customer Takeaways • Recognize the need to raise the bar on data management assets, systems, tools and processes • Adopt industry data standards and processes • Communicate the benefits of adopting data standards across the organization • Define role of Data Stewards and educate the organization about their role to improve the quality, reliability of data • Use technology, automation and industry standards for data cleansing, processing and sharing • Improve collaboration across organization • Raise standards of governance to impact quality and availability of data and reduce cost • Create momentum within organization around data management to deliver success21 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  22. 22. To read the complete report please visit the link below http://www.wipro.com/datadocs/insights/Oil_and_Gas_Research_Report_April_2011.pdf22 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  23. 23. About Wipro Council of Industry Research Wipro set up the Council for Industry Research, comprised of domain and technology experts from the organization, to address the needs of customers. It specifically surveys innovative strategies that will help customers gain competitive advantage in the market. The Council, in collaboration with leading academic institutions and industry bodies, studies market trends to help equip organizations with insights to facilitate their IT and business strategies. For more information on the Research Council visit www.wipro.com/insights or mail wipro.insights@wipro.com23 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  24. 24. About Wipro Technologies Wipro Technologies, the global IT business of Wipro Limited (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company, that delivers solutions to enable its clients do business better. Wipro Technologies delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” – helping clients create successful and adaptive businesses. A company recognised globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation and an organization wide commitment to sustainability, Wipro Technologies has over120,000 employees and clients across 54 countries. For more information, please visit www.wipro.com24 © 2011 Wipro Ltd - Confidential © 2011 Wipro Ltd - Confidential
  25. 25. Thank you© Wipro Limited, 2011. All rights reserved.For more information visit www.wipro.comNo part of this document may be reproduced in whole or in part without the written permission of the authors.Wipro is not liable for any business outcome based on the views presented in this document. For specificimplementation clients should take advise from their client engagement manager. © 2011 Wipro Ltd - Confidential
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