2015 Oil and Gas Digital and Technology Trends Survey

accenture
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved.
Oil and Gas Digital
and Technology
Trends Survey
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 2
Methodology
Fourth Oil and Gas Digital and Technology Trends
Survey funded by Accenture and Microsoft.
Online survey of 229 oil and gas industry professionals
including engineers, mid-level and executive management,
business unit heads and staff, project managers and
geoscientists from a cross-segment of the industry.
Conducted in April 2015 by Tulsa, Oklahoma-based
PennEnergy in partnership with the Oil & Gas Journal.
Respondents are subscribers to PennWell publications.
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 3
Oil and gas industry investment in digital technologies shows
resilience in oil price downturn
.
Despite the fall in crude oil prices, most companies in the oil and gas industry plan to invest
the same amount or more in digital technologies now and in the future.
Mobility, infrastructure and collaboration technologies currently represent the biggest investment
areas across the oil and gas industry. Over the next three to five years, investments are
expected to increase in big data and the Industrial Internet of Things (IIoT) / automation.
The key reason companies are investing in digital technologies is to improve
operational efficiency.
Digital technologies that enable people and assets are considered most important.
To get the most value from digital technologies, several barriers need to be overcome. The top
two identified were: 1) workflows and processes that create bottlenecks and 2) physical and
cyber security concerns.
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 4
Despite the fall in crude oil prices,
most companies in the oil and gas
industry plan to invest the same
amount or more in digital technologies
– now and in the future.
For more survey insights, visit www.accenture.com/digitalenergysurvey2015
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 5
How is the current phase of the crude cycle, with lower oil prices,
impacting your digital technology investment in the short term?
10.0%
15.7%
32.3%
20.1%
13.5%
8.3%
Increasing significantly Increasing slightly
Remaining constant Decreasing slightly
Decreasing significantly Don’t know
26%
Almost 26 percent of
respondents said they plan to
invest significantly more in digital
technologies during the current
weaker crude oil price cycle.
32 percent of respondents said
they plan to invest the same
amount in digital technologies
during the current weaker
crude oil price cycle.
32%
6/10
Despite current lower crude oil
prices, almost 6 out of 10 oil
and gas companies plan to
invest the same amount or more
in digital technologies.
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 6
Over the next 3-5 years, how much is your company planning to invest in
digital technologies?
18.3%
44.1%
18.3%
7.0%
12.2%
Significantly more More Same Less Don’t know
73%
73 percent of respondents from
IOCs and NOCs are planning to
invest more or significantly more
in digital technologies over the
next three to five years.
62%
More than 62.4 percent believe
their company is planning to
spend more than they currently
spend in digital technologies.
Of these respondents, 29.37
percent of them believe their
company is planning to spend
significantly more.
80%
80 percent of the oil and gas
industry professionals surveyed
said they plan to invest the
same amount (18 percent),
more (44 percent), or
significantly more (18 percent)
in digital.
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 7
Mobility, infrastructure and
collaboration technologies
currently represent the biggest
investment areas across the oil
and gas industry.
Over the next three to five years,
investments are expected to
increase in big data and the IIoT /
automation.
For more survey insights, visit www.accenture.com/digitalenergysurvey2015
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved.
61%
56%
65%
69%
72%
53%
61% 61%
51%
53%
51%
65%
Cloud Big Data/
Analytics
Collaboration Infrastructure Mobility Industrial Internet of
Things (IIoT) /
Automation
Investing today Investing over the next 3-5 years
8
Which of these digital technologies is your company investing in
today / over the next 3-5 years?
Investment will shift from collaboration, infrastructure and mobility to big
data and IIoT / automation over the next 3 to 5 years.
Spend on collaboration,
infrastructure and mobility
is expected to decrease
while…
$
…spend on big data and
IIoT / automation is
expected to increase
$
Cloud investment will
continue as it is today in
addition to any cloud related
investments in Big Data and
IIoT
$
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved.
65%
73%
56%
65%
67%
56%57%
50%
57%
52% 52%
62%
Infrastructure Applications Big Data/
Analytics
Mobility Collaboration Industrial Internet of
Things (IIoT) /
Automation
Investing today Investing over the next 3-5 years
9
Which technologies is your company using cloud to enable
today / over the next 3-5 years?
Cloud investments will shift from infrastructure and applications to big
data and IIoT / automation.
Spend on collaboration, infrastructure and
mobility is expected to decrease while…$
…spend on big data and IIoT / automation is
expected to increase
$
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 10
The key reason companies are
investing in digital technologies is
to improve operational efficiency.
For more survey insights, visit www.accenture.com/digitalenergysurvey2015
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved.
38%
52%
5% 5%
40%
49%
5% 6%
35%
54%
4%
6%
35%
52%
6%
8%
Significant improvement Some improvement No improvement Don't know
Collaboration Analytical Capabilities Mobile Technologies Human to machine/Machine to machine/
IIoT / automation
11
How much improvement do you believe that leveraging the
following will add to your business efficiencies?
Respondents agreed that leveraging digital will improve business
efficiency.
When asked which capability would add the most to their business
efficiency, respondents felt that analytical capabilities would offer them
the most significant improvement.
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved.
68%
60%
33%
44% 43%
18%
2%
64%
58%
30%
54%
36%
22%
1%
58%
43%
31%
35% 36%
18%
0%
58%
56%
35%
48% 47%
17%
3%
Faster decisions/
More efficient
workforce
More informed
decisions
Leveraging of
scarce resources
and talent
Ability to manage
more complex work
Reduced costs Innovation to stay
competitive
Other
Collaboration Analytical Capabilities Mobile Technologies Human to machine / Machine to machine /
IIoT / automation
12
What are the top three areas where you feel digital
technologies can help to improve business efficiencies in
upstream?
Faster decisions, more efficient workforce and more informed decisions
were the key areas where digital technologies will add to overall business
efficiencies.
Collaboration | Faster and more informed decisions
Analytical capabilities | Faster and more informed
decisions / ability to manage complex work
Mobile technologies | Faster decisions
Human to machine / Machine to machine / IIoT /
automation | More informed decisions / reduced costs
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved.
40.2%
49.3%
4.8%
5.7%
38.4%
51.5%
4.8%
5.2%
35.4%
54.1%
4.4%
6.1%
34.9%
51.5%
5.7%
7.9%
13
How much improvement do you believe that leveraging digital
capabilities will add to your business efficiencies?
Upstream executives agree that implementing more digital technologies
will create more business value.
89%of the respondents believe that
leveraging analytical capabilities
will provide improvement
90%feel that leveraging
collaboration technologies will
improve business efficiencies
Almost
86%of respondents believe that
human to machine / machine to
machine / IIoT / automation will
add to business efficiencies
90%feel that leveraging mobile
technologies will improve
business efficiencies
Almost
Significant improvement Some improvement No improvement Don’t know
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 14
Digital adds most value when
enabling people and assets.
For more survey insights, visit www.accenture.com/digitalenergysurvey2015
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved.
7.05
5.48 5.44 5.50
3.23
3.79
3.14
2.51
6.48
5.48 5.52 5.35
3.43
3.97
3.58
2.37
Email Instant
Message/Audio
collaboration
Video
collaboration
Team
collaboration/
File sharing
Social
collaboration
Internet of things
(IoT)/Automation
platforms
Intelligent
Platforms,
Internet of Things
Foundation
Other
technologies
Most Important Today Most Important 3-5 Years
15
Which collaboration technologies are most important to
upstream today / in the next 3-5 years?
Email is still a key collaboration technology but video, social, and IIoT are
all expected to increase in importance over the next 3 to 5 years
Email and Team Collaboration are still the most
important, with a slight decline in 3-5 years
Social Collaboration, Internet of Things and Intelligent
Platforms are all increasing in importance in 3-5 years
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved.
4.29
3.78
4.40
4.13
2.81
1.69
4.28
3.73
4.39
4.05
2.97
1.73
Storage of large
datasets
Storage of
unstructured data
Near real-time
visualization of data
across data sets in
consolidated views
Near real-time
alerting
Machine learning for
continual model
optimization
Other analytical
capabilities
Most Important Today Most Important 3-5 Years
16
Which analytical capabilities are most important to upstream
today / in the next 3-5 years?
Near real-time visualization, storage of large datasets and near real-time
alerting are most important today and in the foreseeable future.
Machine learning has the biggest growth potential.
Near real-time visualization, storage of large datasets
and near real-time alerting are all the most important,
with a slight decline in 3-5 years
Machine learning and other analytical capabilities are
increasing in importance in 3-5 years
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved.
5.64
5.35
4.20
3.36 3.34
3.07
2.22
5.46
4.96
4.16
3.63
3.49
3.25
2.27
People- and
asset- tracking
technologies
Ruggedized
tablet devices
ATEX/Class 1
DIV 1 devices
Wearable
technology
Unmanned
aerial vehicle
(UAV)/Drones
Augmented reality
applications
Other mobile
technologies
Most Important Today Most Important 3-5 Years
17
Which mobile technologies are most important to upstream
today / in the next 3-5 years?
People and asset tracing with ruggedized devices are both seen as the
most important mobile technology today. Wearable technology, unmanned
aerial vehicles and augmented reality are all set to grow in importance over
the next few years.
Asset tracking and ruggedized tablets are most
important now and in the next 3-5 years.
Wearable technology, drones and augmented reality
applications will increase in the next 3-5 years.
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved.
4.61
4.22
3.89
3.49
2.40
1.41
4.35 4.42
3.88
3.48
2.58
1.39
Remote monitoring
of assets
Remote managing
of assets
Near timely or
near-real time data
/information
Health, safety and
other workforce
advantages
Availability of new
“as a service” models
(shift from products
to services)
Other areas
Most Important Today Most Important 3-5 Years
18
Which areas do you feel human to machine / machine to
machine / IIoT / automation are most important to upstream
today / over next 3-5 years?
Remote monitoring and management of assets is the most important
capability enabled by digital technologies now and over the next 3-5
years. Remote management and new “as a service” models are
expected to grow in importance.
Remote monitoring and managing of assets is most
important now and the next 3-5 years.
Remote managing will actually be more important in the
next 3-5 years.
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 19
The biggest perceived barriers to
realizing value from digital
technologies are the existing
workflows and processes, and
concerns over physical and cyber
security
For more survey insights, visit www.accenture.com/digitalenergysurvey2015
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved.
24%
37%
30%
21%
17%
29%
14%
34%
16%
5%
The business
case for
investing in
digital
technologies
is not clear
Existing
workflows and
processes
create
bottlenecks
Operational
spread and
remote
locations
Inability to
find the
required
talent, e.g.
data scientists
Inability to
find the
required
information
Organizational
culture
doesn’t
support digital
investments
Technology
too
immature
Physical and
cybersecurity
No barriers –
we are
investing in
digital
technologies
today
Other
(please name
the barrier)
20
What are the biggest barriers to getting value from digital
technologies in upstream?
Existing workflows / processes and security threats are the biggest
barriers to getting value.
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 21
Oil and gas executives agree that
implementing more digital
technologies will create more
business value today.
So how will your company use digital
technologies to add business value?
For more survey insights, visit www.accenture.com/digitalenergysurvey2015
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 22
Who do we contact for more information about the survey?
At Accenture, please contact:
Rich Holsman
Global Energy Technology Managing Director
richard.h.holsman@accenture.com
or visit us at accenture.com/energy
Follow us: @AccentureEnergy. #DigitalEnergy
and #AccentureDigital
At Microsoft, please contact:
Randall Hoppe
Industry Director – Oil & Gas, Energy and Process
Industries
rhoppe@microsoft.com
or visit us at microsoft.com/industry
For more survey insights, visit www.accenture.com/digitalenergysurvey2015
© Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 23
Who are Accenture and Microsoft?
About Accenture
Accenture is a global management consulting, technology services
and outsourcing company, with more than 323,000 people serving
clients in more than 120 countries. Combining unparalleled
experience, comprehensive capabilities across all industries and
business functions, and extensive research on the world’s most
successful companies, Accenture collaborates with clients to help
them become high-performance businesses and governments. The
company generated net revenues of US$30.0 billion for the fiscal
year ended Aug. 31, 2014. Its home page is www.accenture.com.
Accenture Digital, comprised of Accenture Analytics, Accenture
Interactive and Accenture Mobility, offers a comprehensive portfolio
of business and technology services across digital marketing,
mobility and analytics. Learn more about Accenture Digital at
www.accenture.com/digital.
About Microsoft
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services, devices and
solutions that help people and businesses realize their full potential.
1 of 23

Recommended

Liquid Workforce - Tech Vision 2016 Trend 2 by
Liquid Workforce - Tech Vision 2016 Trend 2Liquid Workforce - Tech Vision 2016 Trend 2
Liquid Workforce - Tech Vision 2016 Trend 2accenture
1.7K views20 slides
100 day plan - Technology Vision Australian Perspective by
100 day plan - Technology Vision Australian Perspective100 day plan - Technology Vision Australian Perspective
100 day plan - Technology Vision Australian Perspectiveaccenture
8.7K views20 slides
Digital Trendsetters: The Secrets of The Most Successful Digital Supply Chains by
Digital Trendsetters: The Secrets of The Most Successful Digital Supply ChainsDigital Trendsetters: The Secrets of The Most Successful Digital Supply Chains
Digital Trendsetters: The Secrets of The Most Successful Digital Supply Chainsaccenture
4.9K views14 slides
Technology Vision 2016 – Overview by
Technology Vision 2016 – OverviewTechnology Vision 2016 – Overview
Technology Vision 2016 – Overviewaccenture
1.5K views21 slides
Driving the future: Why other industries are steering automotive by
Driving the future: Why other industries are steering automotiveDriving the future: Why other industries are steering automotive
Driving the future: Why other industries are steering automotiveaccenture
64.8K views11 slides
Accenture Technology Vision for Retail 2016 by
Accenture Technology Vision for Retail 2016Accenture Technology Vision for Retail 2016
Accenture Technology Vision for Retail 2016accenture
33.1K views22 slides

More Related Content

What's hot

People First: The Primacy of People in the Communications Industry by
People First: The Primacy of People  in the Communications IndustryPeople First: The Primacy of People  in the Communications Industry
People First: The Primacy of People in the Communications Industryaccenture
3.6K views24 slides
The ‘Data Driven Video Business’ by
The ‘Data Driven Video Business’The ‘Data Driven Video Business’
The ‘Data Driven Video Business’accenture
12.4K views7 slides
Winning with the Industrial Internet of Things: How to accelerate the journey... by
Winning with the Industrial Internet of Things: How to accelerate the journey...Winning with the Industrial Internet of Things: How to accelerate the journey...
Winning with the Industrial Internet of Things: How to accelerate the journey...accenture
26.5K views12 slides
Accenture Interactive Boutique by
Accenture Interactive BoutiqueAccenture Interactive Boutique
Accenture Interactive BoutiqueAccenture Italia
48.1K views45 slides
Communication & Technology Companies - Ecosystem vs. Ecosystem by
Communication & Technology Companies - Ecosystem vs. EcosystemCommunication & Technology Companies - Ecosystem vs. Ecosystem
Communication & Technology Companies - Ecosystem vs. Ecosystemaccenture
7.5K views8 slides
Digital Trust - Tech Vision 2016 Trend 5 by
Digital Trust - Tech Vision 2016 Trend 5Digital Trust - Tech Vision 2016 Trend 5
Digital Trust - Tech Vision 2016 Trend 5accenture
1.7K views14 slides

What's hot(20)

People First: The Primacy of People in the Communications Industry by accenture
People First: The Primacy of People  in the Communications IndustryPeople First: The Primacy of People  in the Communications Industry
People First: The Primacy of People in the Communications Industry
accenture3.6K views
The ‘Data Driven Video Business’ by accenture
The ‘Data Driven Video Business’The ‘Data Driven Video Business’
The ‘Data Driven Video Business’
accenture12.4K views
Winning with the Industrial Internet of Things: How to accelerate the journey... by accenture
Winning with the Industrial Internet of Things: How to accelerate the journey...Winning with the Industrial Internet of Things: How to accelerate the journey...
Winning with the Industrial Internet of Things: How to accelerate the journey...
accenture26.5K views
Accenture Interactive Boutique by Accenture Italia
Accenture Interactive BoutiqueAccenture Interactive Boutique
Accenture Interactive Boutique
Accenture Italia48.1K views
Communication & Technology Companies - Ecosystem vs. Ecosystem by accenture
Communication & Technology Companies - Ecosystem vs. EcosystemCommunication & Technology Companies - Ecosystem vs. Ecosystem
Communication & Technology Companies - Ecosystem vs. Ecosystem
accenture7.5K views
Digital Trust - Tech Vision 2016 Trend 5 by accenture
Digital Trust - Tech Vision 2016 Trend 5Digital Trust - Tech Vision 2016 Trend 5
Digital Trust - Tech Vision 2016 Trend 5
accenture1.7K views
Accenture Liquid Studio Singapore by Accenture ASEAN
Accenture Liquid Studio SingaporeAccenture Liquid Studio Singapore
Accenture Liquid Studio Singapore
Accenture ASEAN5.6K views
The Changing Last Mile by accenture
The Changing Last MileThe Changing Last Mile
The Changing Last Mile
accenture16.2K views
The Digitally Enabled Grid: How can utilities survive the energy demand disru... by accenture
The Digitally Enabled Grid: How can utilities survive the energy demand disru...The Digitally Enabled Grid: How can utilities survive the energy demand disru...
The Digitally Enabled Grid: How can utilities survive the energy demand disru...
accenture34.7K views
IT Security: Implications for the Technology Vision 2015 by accenture
IT Security: Implications for the Technology Vision 2015IT Security: Implications for the Technology Vision 2015
IT Security: Implications for the Technology Vision 2015
accenture5.9K views
Planning to Upskill Your Supply Chain Workforce? Six Solutions for Supply Cha... by accenture
Planning to Upskill Your Supply Chain Workforce? Six Solutions for Supply Cha...Planning to Upskill Your Supply Chain Workforce? Six Solutions for Supply Cha...
Planning to Upskill Your Supply Chain Workforce? Six Solutions for Supply Cha...
accenture16.9K views
Stand Out or Stand Back by accenture
Stand Out or Stand BackStand Out or Stand Back
Stand Out or Stand Back
accenture24.1K views
Accenture Technology Vision for Industrial 2016 by accenture
Accenture Technology Vision for Industrial 2016Accenture Technology Vision for Industrial 2016
Accenture Technology Vision for Industrial 2016
accenture5.1K views
High Performance BPO Infographic by accenture
High Performance BPO InfographicHigh Performance BPO Infographic
High Performance BPO Infographic
accenture10.3K views
Accenture development partnerships by accenture
Accenture development partnershipsAccenture development partnerships
Accenture development partnerships
accenture3.4K views
Investment Banks: Beware Bespoke by accenture
Investment Banks: Beware BespokeInvestment Banks: Beware Bespoke
Investment Banks: Beware Bespoke
accenture15.6K views
Intelligent Marketing Operations | SlideShare | Accenture by Accenture Operations
Intelligent Marketing Operations | SlideShare | AccentureIntelligent Marketing Operations | SlideShare | Accenture
Intelligent Marketing Operations | SlideShare | Accenture
Accenture Operations15.5K views
Is Performance Management Performing? by accenture
Is Performance Management Performing?Is Performance Management Performing?
Is Performance Management Performing?
accenture36.6K views
Unlocking the True Benefit of Software Defined Networking by accenture
Unlocking the True Benefit of Software Defined NetworkingUnlocking the True Benefit of Software Defined Networking
Unlocking the True Benefit of Software Defined Networking
accenture1.9K views

Viewers also liked

“The Digital Oilfield” : Using IoT to reduce costs in an era of decreasing oi... by
“The Digital Oilfield” : Using IoT to reduce costs in an era of decreasing oi...“The Digital Oilfield” : Using IoT to reduce costs in an era of decreasing oi...
“The Digital Oilfield” : Using IoT to reduce costs in an era of decreasing oi...Karthikeyan Rajamanickam
4.9K views71 slides
Digital Transformation of Oil and Gas industry by
Digital Transformation of Oil and Gas industryDigital Transformation of Oil and Gas industry
Digital Transformation of Oil and Gas industryAidar Satubaldin
7.1K views61 slides
Four Steps Toward a Digital Oilfield Future by
Four Steps Toward a Digital Oilfield FutureFour Steps Toward a Digital Oilfield Future
Four Steps Toward a Digital Oilfield FutureGE Canada
2.8K views21 slides
Digital Future of Oil & Gas by
Digital Future of Oil & GasDigital Future of Oil & Gas
Digital Future of Oil & GasHarjit Birdi
1.5K views20 slides
Oil & Gas Big Data use cases by
Oil & Gas Big Data use casesOil & Gas Big Data use cases
Oil & Gas Big Data use caseselephantscale
4.1K views14 slides
Big Data in Oil and Gas by
Big Data in Oil and GasBig Data in Oil and Gas
Big Data in Oil and GasBjorn Andersson
9.3K views14 slides

Viewers also liked(20)

“The Digital Oilfield” : Using IoT to reduce costs in an era of decreasing oi... by Karthikeyan Rajamanickam
“The Digital Oilfield” : Using IoT to reduce costs in an era of decreasing oi...“The Digital Oilfield” : Using IoT to reduce costs in an era of decreasing oi...
“The Digital Oilfield” : Using IoT to reduce costs in an era of decreasing oi...
Digital Transformation of Oil and Gas industry by Aidar Satubaldin
Digital Transformation of Oil and Gas industryDigital Transformation of Oil and Gas industry
Digital Transformation of Oil and Gas industry
Aidar Satubaldin7.1K views
Four Steps Toward a Digital Oilfield Future by GE Canada
Four Steps Toward a Digital Oilfield FutureFour Steps Toward a Digital Oilfield Future
Four Steps Toward a Digital Oilfield Future
GE Canada2.8K views
Digital Future of Oil & Gas by Harjit Birdi
Digital Future of Oil & GasDigital Future of Oil & Gas
Digital Future of Oil & Gas
Harjit Birdi1.5K views
Oil & Gas Big Data use cases by elephantscale
Oil & Gas Big Data use casesOil & Gas Big Data use cases
Oil & Gas Big Data use cases
elephantscale4.1K views
A New Reality for Oil & Gas: Complex Market Dynamics Create an Urgent Need to... by Connected Futures
A New Reality for Oil & Gas: Complex Market Dynamics Create an Urgent Need to...A New Reality for Oil & Gas: Complex Market Dynamics Create an Urgent Need to...
A New Reality for Oil & Gas: Complex Market Dynamics Create an Urgent Need to...
Connected Futures10.3K views
Oil 101: Introduction to Oil and Gas - Upstream by EKT Interactive
Oil 101:  Introduction to Oil and Gas - UpstreamOil 101:  Introduction to Oil and Gas - Upstream
Oil 101: Introduction to Oil and Gas - Upstream
EKT Interactive25.1K views
55 Business Models to Revolutionize your Business by Michaela Csik by jindrichweiss
55 Business Models to Revolutionize your Business by Michaela Csik55 Business Models to Revolutionize your Business by Michaela Csik
55 Business Models to Revolutionize your Business by Michaela Csik
jindrichweiss80.6K views
Principle of CFB Boiler , 30 April 2012, Presented at SCGBKK ,TH by Pichai Chaibamrung
Principle of CFB Boiler , 30 April 2012, Presented at SCGBKK ,THPrinciple of CFB Boiler , 30 April 2012, Presented at SCGBKK ,TH
Principle of CFB Boiler , 30 April 2012, Presented at SCGBKK ,TH
Pichai Chaibamrung6.6K views
Slayd 2 by husfidana
Slayd 2Slayd 2
Slayd 2
husfidana1.1K views
Drømmeløftet Moonwalk + Innovation Norway: Norway beyond Oil & Gas by Moonwalk
Drømmeløftet Moonwalk + Innovation Norway: Norway beyond Oil & GasDrømmeløftet Moonwalk + Innovation Norway: Norway beyond Oil & Gas
Drømmeløftet Moonwalk + Innovation Norway: Norway beyond Oil & Gas
Moonwalk 710 views
Fjell Technology Oil & Gas - A passion for innovation! by Njaal R. Soleng
Fjell Technology Oil & Gas - A passion for innovation!Fjell Technology Oil & Gas - A passion for innovation!
Fjell Technology Oil & Gas - A passion for innovation!
Njaal R. Soleng1.2K views
Evaluation Of Operation Cost For New Co Generation Plant From Different Steam... by Pichai Chaibamrung
Evaluation Of Operation Cost For New Co Generation Plant From Different Steam...Evaluation Of Operation Cost For New Co Generation Plant From Different Steam...
Evaluation Of Operation Cost For New Co Generation Plant From Different Steam...
Pichai Chaibamrung1.1K views
Cultivating a technology-driven culture by Yekemi Otaru
Cultivating a technology-driven cultureCultivating a technology-driven culture
Cultivating a technology-driven culture
Yekemi Otaru731 views

Similar to 2015 Oil and Gas Digital and Technology Trends Survey

Digital Refining Survey 2018 by
Digital Refining Survey 2018Digital Refining Survey 2018
Digital Refining Survey 2018accenture
21.6K views18 slides
CEO Briefing 2015: From productivity to outcomes by
CEO Briefing 2015: From productivity to outcomesCEO Briefing 2015: From productivity to outcomes
CEO Briefing 2015: From productivity to outcomesThe Economist Media Businesses
466 views12 slides
The Search for Value: Five Trends in Digital Investment by
The Search for Value:  Five Trends in Digital InvestmentThe Search for Value:  Five Trends in Digital Investment
The Search for Value: Five Trends in Digital Investmentaccenture
8.6K views29 slides
The Search for Value: Five Trends Indigital Investment by
The Search for Value: Five Trends Indigital InvestmentThe Search for Value: Five Trends Indigital Investment
The Search for Value: Five Trends Indigital Investmentaccenture
759 views29 slides
Building the Digital Business: The 2016 CIO Agenda by
Building the Digital Business: The 2016 CIO AgendaBuilding the Digital Business: The 2016 CIO Agenda
Building the Digital Business: The 2016 CIO AgendaTesora
1.9K views17 slides
Drill Deeper Into Digital - 2017 Upstream Oil and Gas by
Drill Deeper Into Digital - 2017 Upstream Oil and Gas Drill Deeper Into Digital - 2017 Upstream Oil and Gas
Drill Deeper Into Digital - 2017 Upstream Oil and Gas accenture
28.8K views34 slides

Similar to 2015 Oil and Gas Digital and Technology Trends Survey(20)

Digital Refining Survey 2018 by accenture
Digital Refining Survey 2018Digital Refining Survey 2018
Digital Refining Survey 2018
accenture21.6K views
The Search for Value: Five Trends in Digital Investment by accenture
The Search for Value:  Five Trends in Digital InvestmentThe Search for Value:  Five Trends in Digital Investment
The Search for Value: Five Trends in Digital Investment
accenture8.6K views
The Search for Value: Five Trends Indigital Investment by accenture
The Search for Value: Five Trends Indigital InvestmentThe Search for Value: Five Trends Indigital Investment
The Search for Value: Five Trends Indigital Investment
accenture759 views
Building the Digital Business: The 2016 CIO Agenda by Tesora
Building the Digital Business: The 2016 CIO AgendaBuilding the Digital Business: The 2016 CIO Agenda
Building the Digital Business: The 2016 CIO Agenda
Tesora1.9K views
Drill Deeper Into Digital - 2017 Upstream Oil and Gas by accenture
Drill Deeper Into Digital - 2017 Upstream Oil and Gas Drill Deeper Into Digital - 2017 Upstream Oil and Gas
Drill Deeper Into Digital - 2017 Upstream Oil and Gas
accenture28.8K views
Being digital: Bold times for the oil and gas industry by accenture
Being digital: Bold times for the oil and gas industryBeing digital: Bold times for the oil and gas industry
Being digital: Bold times for the oil and gas industry
accenture2.2K views
Growing the Digital Business: Accenture Mobility Research 2015 by Fjord
Growing the Digital Business: Accenture Mobility Research 2015Growing the Digital Business: Accenture Mobility Research 2015
Growing the Digital Business: Accenture Mobility Research 2015
Fjord3.4K views
2015 IT Industry Outlook & Trends to Watch by CompTIA
2015 IT Industry Outlook & Trends to Watch2015 IT Industry Outlook & Trends to Watch
2015 IT Industry Outlook & Trends to Watch
CompTIA5.8K views
Accenture-IXO-Industry-Insights-AutoOES.pdf by NatliaVial
Accenture-IXO-Industry-Insights-AutoOES.pdfAccenture-IXO-Industry-Insights-AutoOES.pdf
Accenture-IXO-Industry-Insights-AutoOES.pdf
NatliaVial47 views
On-switch: Applied Lessons on Moving up the Digital Maturity Curve by Cognizant
On-switch: Applied Lessons on Moving up the Digital Maturity CurveOn-switch: Applied Lessons on Moving up the Digital Maturity Curve
On-switch: Applied Lessons on Moving up the Digital Maturity Curve
Cognizant220 views
The Business of Enterprise IoT: A survey of US and UK Executives by Aeris
The Business of Enterprise IoT: A survey of US and UK Executives The Business of Enterprise IoT: A survey of US and UK Executives
The Business of Enterprise IoT: A survey of US and UK Executives
Aeris 456 views
Fabrizio Biscotti Gartner - SMAU Milano 2017 by Smau
Fabrizio Biscotti Gartner - SMAU Milano 2017Fabrizio Biscotti Gartner - SMAU Milano 2017
Fabrizio Biscotti Gartner - SMAU Milano 2017
Smau1K views
Les technologies disruptives de demain | une étude de KPMG by OpenYnnov
Les technologies disruptives de demain | une étude de KPMGLes technologies disruptives de demain | une étude de KPMG
Les technologies disruptives de demain | une étude de KPMG
OpenYnnov140 views
The Future of IT Infrastructure by Cognizant
The Future of IT InfrastructureThe Future of IT Infrastructure
The Future of IT Infrastructure
Cognizant2.6K views
Federal Cloud Computing Report - Market Connections & General Dynamics Inform... by Market Connections, Inc.
Federal Cloud Computing Report - Market Connections & General Dynamics Inform...Federal Cloud Computing Report - Market Connections & General Dynamics Inform...
Federal Cloud Computing Report - Market Connections & General Dynamics Inform...
2016 CIO Agenda by Den Reymer
2016 CIO Agenda2016 CIO Agenda
2016 CIO Agenda
Den Reymer14.7K views

More from accenture

The Industrialist: Trends & Innovations - September 2023 by
The Industrialist: Trends & Innovations - September 2023The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023accenture
179 views12 slides
Accenture Technology Vision - How the trends apply to higher education by
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education accenture
1.7K views25 slides
The Industrialist: Trends & Innovations - July 2023 by
The Industrialist: Trends & Innovations - July 2023The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023accenture
177 views12 slides
Accenture Technology Vision - How the trends apply to higher education by
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education accenture
2K views25 slides
Engineering Services: con gli ingegneri per creare valore sostenibile by
Engineering Services: con gli ingegneri per creare valore sostenibileEngineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibileaccenture
1.5K views5 slides
Digital Euro: Implications for the Financial System by
Digital Euro: Implications for the Financial SystemDigital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial Systemaccenture
370 views36 slides

More from accenture(20)

The Industrialist: Trends & Innovations - September 2023 by accenture
The Industrialist: Trends & Innovations - September 2023The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023
accenture179 views
Accenture Technology Vision - How the trends apply to higher education by accenture
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education
accenture1.7K views
The Industrialist: Trends & Innovations - July 2023 by accenture
The Industrialist: Trends & Innovations - July 2023The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023
accenture177 views
Accenture Technology Vision - How the trends apply to higher education by accenture
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education
accenture2K views
Engineering Services: con gli ingegneri per creare valore sostenibile by accenture
Engineering Services: con gli ingegneri per creare valore sostenibileEngineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibile
accenture1.5K views
Digital Euro: Implications for the Financial System by accenture
Digital Euro: Implications for the Financial SystemDigital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial System
accenture370 views
More deals, less money: the Black founder funding journey by accenture
More deals, less money: the Black founder funding journeyMore deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journey
accenture3.2K views
The Industrialist: Trends & Innovations - June 2023 by accenture
The Industrialist: Trends & Innovations - June 2023The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023
accenture125 views
Reinventing Enterprise Operations by accenture
Reinventing Enterprise OperationsReinventing Enterprise Operations
Reinventing Enterprise Operations
accenture1.3K views
Semiconductor Gender Parity Study by accenture
Semiconductor Gender Parity StudySemiconductor Gender Parity Study
Semiconductor Gender Parity Study
accenture1.7K views
The Industrialist: Trends & Innovations - March 2023 by accenture
The Industrialist: Trends & Innovations - March 2023The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023
accenture193 views
Nonprofit reinvention in a time of unprecedented change by accenture
 Nonprofit reinvention in a time of unprecedented change Nonprofit reinvention in a time of unprecedented change
Nonprofit reinvention in a time of unprecedented change
accenture5.7K views
Free to be 100% me by accenture
Free to be 100% meFree to be 100% me
Free to be 100% me
accenture370 views
The Industrialist: Trends & Innovations - February 2023 by accenture
The Industrialist: Trends & Innovations - February 2023The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023
accenture218 views
Mundo gamer e a oportunidade de entrada pela abordagem do movimento by accenture
Mundo gamer e a oportunidade de entrada pela abordagem do movimentoMundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
accenture756 views
Pathways to Profitability for the Communications Industry by accenture
Pathways to Profitability for the Communications IndustryPathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications Industry
accenture6.4K views
The Industrialist: Trends & Innovations - January 2023 by accenture
The Industrialist: Trends & Innovations - January 2023The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023
accenture222 views
Reimagining the Agenda | Accenture by accenture
Reimagining the Agenda | AccentureReimagining the Agenda | Accenture
Reimagining the Agenda | Accenture
accenture30.2K views
Climate Leadership Eleventh Hour | Accenture by accenture
Climate Leadership Eleventh Hour | AccentureClimate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | Accenture
accenture2K views
Value Untangled Slideshare by accenture
Value Untangled SlideshareValue Untangled Slideshare
Value Untangled Slideshare
accenture1.9K views

Recently uploaded

Future of AR - Facebook Presentation by
Future of AR - Facebook PresentationFuture of AR - Facebook Presentation
Future of AR - Facebook PresentationRob McCarty
22 views27 slides
GDSC CTU First Meeting Party by
GDSC CTU First Meeting PartyGDSC CTU First Meeting Party
GDSC CTU First Meeting PartyNational Yang Ming Chiao Tung University
11 views25 slides
Future of Indian ConsumerTech by
Future of Indian ConsumerTechFuture of Indian ConsumerTech
Future of Indian ConsumerTechKapil Khandelwal (KK)
24 views68 slides
Business Analyst Series 2023 - Week 3 Session 5 by
Business Analyst Series 2023 -  Week 3 Session 5Business Analyst Series 2023 -  Week 3 Session 5
Business Analyst Series 2023 - Week 3 Session 5DianaGray10
345 views20 slides
"Surviving highload with Node.js", Andrii Shumada by
"Surviving highload with Node.js", Andrii Shumada "Surviving highload with Node.js", Andrii Shumada
"Surviving highload with Node.js", Andrii Shumada Fwdays
33 views29 slides
"Running students' code in isolation. The hard way", Yurii Holiuk by
"Running students' code in isolation. The hard way", Yurii Holiuk "Running students' code in isolation. The hard way", Yurii Holiuk
"Running students' code in isolation. The hard way", Yurii Holiuk Fwdays
24 views34 slides

Recently uploaded(20)

Future of AR - Facebook Presentation by Rob McCarty
Future of AR - Facebook PresentationFuture of AR - Facebook Presentation
Future of AR - Facebook Presentation
Rob McCarty22 views
Business Analyst Series 2023 - Week 3 Session 5 by DianaGray10
Business Analyst Series 2023 -  Week 3 Session 5Business Analyst Series 2023 -  Week 3 Session 5
Business Analyst Series 2023 - Week 3 Session 5
DianaGray10345 views
"Surviving highload with Node.js", Andrii Shumada by Fwdays
"Surviving highload with Node.js", Andrii Shumada "Surviving highload with Node.js", Andrii Shumada
"Surviving highload with Node.js", Andrii Shumada
Fwdays33 views
"Running students' code in isolation. The hard way", Yurii Holiuk by Fwdays
"Running students' code in isolation. The hard way", Yurii Holiuk "Running students' code in isolation. The hard way", Yurii Holiuk
"Running students' code in isolation. The hard way", Yurii Holiuk
Fwdays24 views
STKI Israeli Market Study 2023 corrected forecast 2023_24 v3.pdf by Dr. Jimmy Schwarzkopf
STKI Israeli Market Study 2023   corrected forecast 2023_24 v3.pdfSTKI Israeli Market Study 2023   corrected forecast 2023_24 v3.pdf
STKI Israeli Market Study 2023 corrected forecast 2023_24 v3.pdf
TrustArc Webinar - Managing Online Tracking Technology Vendors_ A Checklist f... by TrustArc
TrustArc Webinar - Managing Online Tracking Technology Vendors_ A Checklist f...TrustArc Webinar - Managing Online Tracking Technology Vendors_ A Checklist f...
TrustArc Webinar - Managing Online Tracking Technology Vendors_ A Checklist f...
TrustArc72 views
Piloting & Scaling Successfully With Microsoft Viva by Richard Harbridge
Piloting & Scaling Successfully With Microsoft VivaPiloting & Scaling Successfully With Microsoft Viva
Piloting & Scaling Successfully With Microsoft Viva
2024: A Travel Odyssey The Role of Generative AI in the Tourism Universe by Simone Puorto
2024: A Travel Odyssey The Role of Generative AI in the Tourism Universe2024: A Travel Odyssey The Role of Generative AI in the Tourism Universe
2024: A Travel Odyssey The Role of Generative AI in the Tourism Universe
Simone Puorto13 views
iSAQB Software Architecture Gathering 2023: How Process Orchestration Increas... by Bernd Ruecker
iSAQB Software Architecture Gathering 2023: How Process Orchestration Increas...iSAQB Software Architecture Gathering 2023: How Process Orchestration Increas...
iSAQB Software Architecture Gathering 2023: How Process Orchestration Increas...
Bernd Ruecker48 views
Five Things You SHOULD Know About Postman by Postman
Five Things You SHOULD Know About PostmanFive Things You SHOULD Know About Postman
Five Things You SHOULD Know About Postman
Postman38 views
Igniting Next Level Productivity with AI-Infused Data Integration Workflows by Safe Software
Igniting Next Level Productivity with AI-Infused Data Integration Workflows Igniting Next Level Productivity with AI-Infused Data Integration Workflows
Igniting Next Level Productivity with AI-Infused Data Integration Workflows
Safe Software317 views

2015 Oil and Gas Digital and Technology Trends Survey

  • 1. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. Oil and Gas Digital and Technology Trends Survey
  • 2. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 2 Methodology Fourth Oil and Gas Digital and Technology Trends Survey funded by Accenture and Microsoft. Online survey of 229 oil and gas industry professionals including engineers, mid-level and executive management, business unit heads and staff, project managers and geoscientists from a cross-segment of the industry. Conducted in April 2015 by Tulsa, Oklahoma-based PennEnergy in partnership with the Oil & Gas Journal. Respondents are subscribers to PennWell publications.
  • 3. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 3 Oil and gas industry investment in digital technologies shows resilience in oil price downturn . Despite the fall in crude oil prices, most companies in the oil and gas industry plan to invest the same amount or more in digital technologies now and in the future. Mobility, infrastructure and collaboration technologies currently represent the biggest investment areas across the oil and gas industry. Over the next three to five years, investments are expected to increase in big data and the Industrial Internet of Things (IIoT) / automation. The key reason companies are investing in digital technologies is to improve operational efficiency. Digital technologies that enable people and assets are considered most important. To get the most value from digital technologies, several barriers need to be overcome. The top two identified were: 1) workflows and processes that create bottlenecks and 2) physical and cyber security concerns.
  • 4. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 4 Despite the fall in crude oil prices, most companies in the oil and gas industry plan to invest the same amount or more in digital technologies – now and in the future. For more survey insights, visit www.accenture.com/digitalenergysurvey2015
  • 5. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 5 How is the current phase of the crude cycle, with lower oil prices, impacting your digital technology investment in the short term? 10.0% 15.7% 32.3% 20.1% 13.5% 8.3% Increasing significantly Increasing slightly Remaining constant Decreasing slightly Decreasing significantly Don’t know 26% Almost 26 percent of respondents said they plan to invest significantly more in digital technologies during the current weaker crude oil price cycle. 32 percent of respondents said they plan to invest the same amount in digital technologies during the current weaker crude oil price cycle. 32% 6/10 Despite current lower crude oil prices, almost 6 out of 10 oil and gas companies plan to invest the same amount or more in digital technologies.
  • 6. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 6 Over the next 3-5 years, how much is your company planning to invest in digital technologies? 18.3% 44.1% 18.3% 7.0% 12.2% Significantly more More Same Less Don’t know 73% 73 percent of respondents from IOCs and NOCs are planning to invest more or significantly more in digital technologies over the next three to five years. 62% More than 62.4 percent believe their company is planning to spend more than they currently spend in digital technologies. Of these respondents, 29.37 percent of them believe their company is planning to spend significantly more. 80% 80 percent of the oil and gas industry professionals surveyed said they plan to invest the same amount (18 percent), more (44 percent), or significantly more (18 percent) in digital.
  • 7. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 7 Mobility, infrastructure and collaboration technologies currently represent the biggest investment areas across the oil and gas industry. Over the next three to five years, investments are expected to increase in big data and the IIoT / automation. For more survey insights, visit www.accenture.com/digitalenergysurvey2015
  • 8. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 61% 56% 65% 69% 72% 53% 61% 61% 51% 53% 51% 65% Cloud Big Data/ Analytics Collaboration Infrastructure Mobility Industrial Internet of Things (IIoT) / Automation Investing today Investing over the next 3-5 years 8 Which of these digital technologies is your company investing in today / over the next 3-5 years? Investment will shift from collaboration, infrastructure and mobility to big data and IIoT / automation over the next 3 to 5 years. Spend on collaboration, infrastructure and mobility is expected to decrease while… $ …spend on big data and IIoT / automation is expected to increase $ Cloud investment will continue as it is today in addition to any cloud related investments in Big Data and IIoT $
  • 9. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 65% 73% 56% 65% 67% 56%57% 50% 57% 52% 52% 62% Infrastructure Applications Big Data/ Analytics Mobility Collaboration Industrial Internet of Things (IIoT) / Automation Investing today Investing over the next 3-5 years 9 Which technologies is your company using cloud to enable today / over the next 3-5 years? Cloud investments will shift from infrastructure and applications to big data and IIoT / automation. Spend on collaboration, infrastructure and mobility is expected to decrease while…$ …spend on big data and IIoT / automation is expected to increase $
  • 10. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 10 The key reason companies are investing in digital technologies is to improve operational efficiency. For more survey insights, visit www.accenture.com/digitalenergysurvey2015
  • 11. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 38% 52% 5% 5% 40% 49% 5% 6% 35% 54% 4% 6% 35% 52% 6% 8% Significant improvement Some improvement No improvement Don't know Collaboration Analytical Capabilities Mobile Technologies Human to machine/Machine to machine/ IIoT / automation 11 How much improvement do you believe that leveraging the following will add to your business efficiencies? Respondents agreed that leveraging digital will improve business efficiency. When asked which capability would add the most to their business efficiency, respondents felt that analytical capabilities would offer them the most significant improvement.
  • 12. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 68% 60% 33% 44% 43% 18% 2% 64% 58% 30% 54% 36% 22% 1% 58% 43% 31% 35% 36% 18% 0% 58% 56% 35% 48% 47% 17% 3% Faster decisions/ More efficient workforce More informed decisions Leveraging of scarce resources and talent Ability to manage more complex work Reduced costs Innovation to stay competitive Other Collaboration Analytical Capabilities Mobile Technologies Human to machine / Machine to machine / IIoT / automation 12 What are the top three areas where you feel digital technologies can help to improve business efficiencies in upstream? Faster decisions, more efficient workforce and more informed decisions were the key areas where digital technologies will add to overall business efficiencies. Collaboration | Faster and more informed decisions Analytical capabilities | Faster and more informed decisions / ability to manage complex work Mobile technologies | Faster decisions Human to machine / Machine to machine / IIoT / automation | More informed decisions / reduced costs
  • 13. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 40.2% 49.3% 4.8% 5.7% 38.4% 51.5% 4.8% 5.2% 35.4% 54.1% 4.4% 6.1% 34.9% 51.5% 5.7% 7.9% 13 How much improvement do you believe that leveraging digital capabilities will add to your business efficiencies? Upstream executives agree that implementing more digital technologies will create more business value. 89%of the respondents believe that leveraging analytical capabilities will provide improvement 90%feel that leveraging collaboration technologies will improve business efficiencies Almost 86%of respondents believe that human to machine / machine to machine / IIoT / automation will add to business efficiencies 90%feel that leveraging mobile technologies will improve business efficiencies Almost Significant improvement Some improvement No improvement Don’t know
  • 14. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 14 Digital adds most value when enabling people and assets. For more survey insights, visit www.accenture.com/digitalenergysurvey2015
  • 15. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 7.05 5.48 5.44 5.50 3.23 3.79 3.14 2.51 6.48 5.48 5.52 5.35 3.43 3.97 3.58 2.37 Email Instant Message/Audio collaboration Video collaboration Team collaboration/ File sharing Social collaboration Internet of things (IoT)/Automation platforms Intelligent Platforms, Internet of Things Foundation Other technologies Most Important Today Most Important 3-5 Years 15 Which collaboration technologies are most important to upstream today / in the next 3-5 years? Email is still a key collaboration technology but video, social, and IIoT are all expected to increase in importance over the next 3 to 5 years Email and Team Collaboration are still the most important, with a slight decline in 3-5 years Social Collaboration, Internet of Things and Intelligent Platforms are all increasing in importance in 3-5 years
  • 16. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 4.29 3.78 4.40 4.13 2.81 1.69 4.28 3.73 4.39 4.05 2.97 1.73 Storage of large datasets Storage of unstructured data Near real-time visualization of data across data sets in consolidated views Near real-time alerting Machine learning for continual model optimization Other analytical capabilities Most Important Today Most Important 3-5 Years 16 Which analytical capabilities are most important to upstream today / in the next 3-5 years? Near real-time visualization, storage of large datasets and near real-time alerting are most important today and in the foreseeable future. Machine learning has the biggest growth potential. Near real-time visualization, storage of large datasets and near real-time alerting are all the most important, with a slight decline in 3-5 years Machine learning and other analytical capabilities are increasing in importance in 3-5 years
  • 17. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 5.64 5.35 4.20 3.36 3.34 3.07 2.22 5.46 4.96 4.16 3.63 3.49 3.25 2.27 People- and asset- tracking technologies Ruggedized tablet devices ATEX/Class 1 DIV 1 devices Wearable technology Unmanned aerial vehicle (UAV)/Drones Augmented reality applications Other mobile technologies Most Important Today Most Important 3-5 Years 17 Which mobile technologies are most important to upstream today / in the next 3-5 years? People and asset tracing with ruggedized devices are both seen as the most important mobile technology today. Wearable technology, unmanned aerial vehicles and augmented reality are all set to grow in importance over the next few years. Asset tracking and ruggedized tablets are most important now and in the next 3-5 years. Wearable technology, drones and augmented reality applications will increase in the next 3-5 years.
  • 18. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 4.61 4.22 3.89 3.49 2.40 1.41 4.35 4.42 3.88 3.48 2.58 1.39 Remote monitoring of assets Remote managing of assets Near timely or near-real time data /information Health, safety and other workforce advantages Availability of new “as a service” models (shift from products to services) Other areas Most Important Today Most Important 3-5 Years 18 Which areas do you feel human to machine / machine to machine / IIoT / automation are most important to upstream today / over next 3-5 years? Remote monitoring and management of assets is the most important capability enabled by digital technologies now and over the next 3-5 years. Remote management and new “as a service” models are expected to grow in importance. Remote monitoring and managing of assets is most important now and the next 3-5 years. Remote managing will actually be more important in the next 3-5 years.
  • 19. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 19 The biggest perceived barriers to realizing value from digital technologies are the existing workflows and processes, and concerns over physical and cyber security For more survey insights, visit www.accenture.com/digitalenergysurvey2015
  • 20. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 24% 37% 30% 21% 17% 29% 14% 34% 16% 5% The business case for investing in digital technologies is not clear Existing workflows and processes create bottlenecks Operational spread and remote locations Inability to find the required talent, e.g. data scientists Inability to find the required information Organizational culture doesn’t support digital investments Technology too immature Physical and cybersecurity No barriers – we are investing in digital technologies today Other (please name the barrier) 20 What are the biggest barriers to getting value from digital technologies in upstream? Existing workflows / processes and security threats are the biggest barriers to getting value.
  • 21. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 21 Oil and gas executives agree that implementing more digital technologies will create more business value today. So how will your company use digital technologies to add business value? For more survey insights, visit www.accenture.com/digitalenergysurvey2015
  • 22. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 22 Who do we contact for more information about the survey? At Accenture, please contact: Rich Holsman Global Energy Technology Managing Director richard.h.holsman@accenture.com or visit us at accenture.com/energy Follow us: @AccentureEnergy. #DigitalEnergy and #AccentureDigital At Microsoft, please contact: Randall Hoppe Industry Director – Oil & Gas, Energy and Process Industries rhoppe@microsoft.com or visit us at microsoft.com/industry For more survey insights, visit www.accenture.com/digitalenergysurvey2015
  • 23. © Copyright 2015 Accenture. All Rights Reserved. © 2015 Microsoft Corporation. All rights reserved. 23 Who are Accenture and Microsoft? About Accenture Accenture is a global management consulting, technology services and outsourcing company, with more than 323,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com. Accenture Digital, comprised of Accenture Analytics, Accenture Interactive and Accenture Mobility, offers a comprehensive portfolio of business and technology services across digital marketing, mobility and analytics. Learn more about Accenture Digital at www.accenture.com/digital. About Microsoft Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services, devices and solutions that help people and businesses realize their full potential.