By using this site, you agree to the IDC Privacy Policy

Oct 2017 - IDC FutureScape - Doc # US43142417

IDC FutureScape: Worldwide Oil and Gas 2018 Predictions

Table of Contents

IDC FutureScape Figure

Figure: IDC FutureScape: Worldwide Oil and Gas 2018 Top 10 Predictions

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

Referencing Documents

Related Links