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Accenture believes there are 10 technology trends that have significant potential to help drive high performance in the oil and gas industry and to support energy companies in their evolution to a new energy era.
A recent Accenture survey found that less than 25 percent of energy IT executives, managers and staff believe their companies have embraced many of these trends and innovations, such as service-oriented architecture (SOA), cloud computing and shared services, yet these are the technology innovations that will drive high performance. This paper outlines our high-level view of technology’s future in the energy industry, as well as how we see some energy companies harnessing these trends already.
Upstream and downstream energy companies face the likelihood of significant changes over the next 20 to 30 years. There will be greater demand for more and different types of energy sources from consumers and governments alike. As renewables and alternative transport fuels come on line, oil and gas companies will face higher capital costs to transform operations to meet the new energy mix, causing a corresponding shift in industry operating models and ongoing investments in new computing technologies.
Information technology will continue to benefit oil and gas companies in supporting the transition to a new energy era. Companies are more readily investing in accelerating the use of computing innovations beyond the early adopters, as they clearly see the business benefits of doing so. The key going forward is to filter through technology developments and target the ones that will deliver the greatest value to the organization.
Accenture has identified 10 top technology trends in energy:
The 10 trends presented in this paper are driving energy companies to improve the way they operate in the ever-changing energy industry. As the technology landscape moves toward more flexible infrastructure and more open systems and processes, industry CIOs are becoming service integrators who must become more involved with internal business users and external stakeholders to keep pace with technology developments.
Today’s IT services are a utility that, at a minimum, should make energy companies more efficient—through less time and less cost—and at the bleeding edge of innovation, make companies more market effective, with better business outcomes.
Accenture believes the IT trends and innovations presented here will provide energy companies with opportunities to reduce costs, improve competitiveness and increase focus on their core business and, ultimately, achieve high performance.
January 10, 2012
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