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IDC FutureScape: Worldwide Oil and Gas 2020 Predictions

Published by IDC Product code 345075
Published Content info 15 Pages
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IDC FutureScape: Worldwide Oil and Gas 2020 Predictions
Published: October 31, 2019 Content info: 15 Pages
Description

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."

Table of Contents
Product Code: US45597619

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

Learn More

  • Related Research
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