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IDC Energy Insights Reveals Oil & Gas Predictions for 2015IDC Energy Insights today hosted the IDC FutureScape: Worldwide Oil & Gas 2015 Predictions Web conference, which highlighted predictions based on a new IDC (News - Alert) FutureScape report. The Predictions Web conference series and accompanying IDC FutureScape reports, are designed to help company leaders capitalize on emerging market opportunities and plan for future growth. An audio replay of today's web conference will be available this afternoon. To access the replay, please visit: http://bit.ly/IDCOil_GasFutureScape2015.
The predictions from the IDC FutureScape for Oil & Gas (O&G) are: 1. 80% of the top O&G companies will reengineer processes and systems to optimize logistics, hedge risk, and efficiently and safely deliver crude, LNG, and refined products by the end of 2017. 2. Over the next three years, 40% of O&G majors and all software divisions of oilfield services (OFS (News - Alert)) will co-innovate on domain specific technical projects with IT professional service firms. 3. The CEO will expect immediate and accurate information about top shale plays to be available by the end of 2015 to improve asset value by 30%. 4. By 2016, 70% percent of O&G companies will have invested in programs to evolve the IT environment to a 3rd Platform-driven architecture to support agility and readily adapt to change. 5. With continued labor shortages and more than one third of the O&G workforce under 44 in three years, O&G companies will turn to IT tomeet productivity goals. 6. By the end of 2017, 100% of the top 25 O&G companies will apply modeling and simulation tools and services to optimize oil field development programs and 25% will require these tools. 7. Spending on connectivity-related technologies will increase by 30% between 2014 and 2016, as O&G companies demand vendors provide the right balance of connectivity for a more complex set of data sources. 8. In 2015, mergers, acquisitions, and divestitures, plus new integrated capabilities, will drive 40% of O&G companies to re-evaluate their current deployments of ERP and hydrocarbon accounting. 9. With a business case built on predictive analytics and optimization in drilling, production, and asset integrity, 50% of O&G companies will have advanced analytics capabilities in place by 2016. 10. With pressures on capital efficiency, 25% of the Top 25 O&G companies will apply integrated planning and information to large capital projects by 2015, speeding up delivery and reducing over-budget risks by 30%. "Rapid and radical changes in energy supply and demand require gas companies to be more agile, resilient, and innovative to retain competitive edge and perform for the market," said Jill Feblowitz, Vice President, IDC Energy Insights. "These top ten decision imperatives will help oil and gas companies focus their efforts and deploy technology wisely to meet those ends." The IDC FutureScape report that this Web conference is based on will be published and available within the next 24 hours. To learn more about IDC Predictions and IDC FutureScapes, please visit: www.idc.com/research/Predictions15. For additional information about these predictions or to arrange a one-on-one briefing, please contact Sarah Murray at 781-378-2674 or [email protected]. Reports are available to qualified members of the media. For information on purchasing reports, contact [email protected]; reporters should email [email protected]. About IDC Predictions A hallmark of IDC's offering for three decades, the annual Top 10 Predictions reports provide our outlook on the IT market, across industries, in the coming year. During the next 90 days, IDC will publish Top 10 Predictions documents for 2015. Please visit www.idc.com/research/Predictions15 for a complete listing. About IDC FutureScape IDC FutureScape reports are used to shape IT strategy and planning for the enterprise by providing a basic framework for evaluating IT initiatives in terms of their value to business strategy now and in the foreseeable future. IDC's FutureScapes are comprised of a set of decision imperatives designed to identify a range of pending issues that CIOs and senior technology professionals will confront within the typical three-year business planning cycle. About IDC Energy Insights IDC Energy Insights assists energy businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the utility and oil and gas industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world's leading technology, media, research, and events company. For more information, please visit www.idc.com/energy, email [email protected], or call 508-935-4400. Visit the IDC Energy Insights Community at http://idc-community.com/energy.
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