IDC FutureScape Figure

Figure: IDC FutureScape: Worldwide Oil and Gas 2022 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

Summary of External Drivers

Predictions: Impact on Technology Buyers

Prediction 1: By 2023, 90% of Midstream and Downstream Companies Will Have Dedicated OT Security Teams to Implement Tech-Enabled Resilient OT Security Framework Ensuring Zero Downtime Caused by Security Incidents

Associated Drivers

IT Impact

Guidance

Prediction 2: By 2023, 75% of O&G Companies Will Have Enterprisewide ESG Platforms That Measure and Report Carbon Emissions in Real Time

Associated Drivers

IT Impact

Guidance

Prediction 3: By 2025, 60% of Oil Majors Will Deploy Cloud-Based Platforms to Support and Manage Innovation on the Edge, Thus Doubling the Pace of Innovating Products and Services

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IT Impact

Guidance

Prediction 4: By 2024, Digital Acumen Will be Required in 50% of Operational O&G Roles to Support OT Leaders in Running Digital Initiatives to Operationalize Data-Centric Decision-Making Capabilities

Associated Drivers

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Guidance

Prediction 5: By 2025, 70% of Upstream Production Operations Will be Centrally Controlled and AI-Supported. This Will Enable Field Operators to Optimize Capex While Eliminating Occupational Hazards

Associated Drivers

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Guidance

Prediction 6: By 2024, 60% Midstream and Downstream Players Will Have Increased Spend on Data Contextualization and Management, Enhancing the Productivity of Data Scientists and Lowering Barriers to Data Innovations

Associated Drivers

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Guidance

Prediction 7: With Pivoting Priorities From Efficiency to Resiliency and Sustainability, by 2025, 90% Oil Majors Will Increasingly Participate in Ecosystem Innovation Initiatives to Meet Future Challenges

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Guidance

Prediction 8: By 2026, Driven by a New Energy Business Model Approach, Over 50% of Oil Majors Will Use Digital Twin to Efficiently Design, Operate, and Manage Renewable Assets, With Prime Focus on Offshore Windfarm

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IT Impact

Guidance

Prediction 9: By 2025, Aiming to Tackle Uncertain Economic Strains, About Two-Thirds of Integrated and Independent Oil Companies Will Increase Their Use of Business Process Outsourcing Services

Associated Drivers

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Guidance

Prediction 10: By 2027, Supporting Growing Digitalization Efforts, 60% of Oil Majors Will Have Invested in 5G to Operationalize Time-Critical Digital Use Cases Leveraging the Network Slicing Features of 5G

Associated Drivers

IT Impact

Guidance

Advice for Technology Buyers

External Drivers: Detail

Cybersecurity and Risk — The Threat Environment Just Keeps Scaling

The Future Enterprise — Thriving in a Jungle of Agile Innovation

Embracing Digital First — New Strategies for Complexity and Ubiquity

The Velocity of Connectedness — The Future Is Data in Motion

Environmental and Social Responsibility — A New Stakeholder-Driven Imperative

Workforce Outlook — Redefining Teams, Reinventing Models, and Rethinking Leadership

Engagement Reimagined — From Responsive to Anticipatory

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