SlideShare une entreprise Scribd logo
1  sur  29
Télécharger pour lire hors ligne
THE SEARCH
FOR VALUE
FIVE TRENDS IN
DIGITAL INVESTMENT
Accenture Upstream Oil and Gas
Digital Trends Survey 2019
Copyright © 2020 Accenture. All rights reserved.
The Accenture Upstream Oil and Gas Digital
Trends Survey 2019 examines the focus and
investments upstream oil and gas companies
are making in digital technologies.
OVERVIEW
Seventh report on upstream oil and
gas surveying 255 upstream leaders
in 47 countries representing:
Respondents included C-level executives, vice presidents,
business unit leads, mid-level management, information
technology professionals, engineers, and project managers
2
• Online survey conducted in May 2019 by Oil & Gas Journal
(OGJ) Research on behalf of Accenture
• Respondents are subscribers to PennWell publications
• Analysis conducted by Accenture Research
• National oil companies
• International oil companies
• Independent oil companies
• Oilfield service providers
Copyright © 2020 Accenture. All rights reserved.
METHODOLOGY AND
SAMPLE COMPOSITION
3
Accenture retained OGJ Research to
conduct a survey among professionals in
the oil and gas industry.
RESPONDENTS’ POSITION
• Online survey sent to 39,959 potential
participants in the Oil & Gas Journal
database
• Complete responses were received
from 255 individuals
• Confidence level for the survey is 95%
with a margin of error of 6.12%
METHODOLOGY
2019
2019GEOGRAPHY OF RESPONSIBILITY
2019ORGANIZATION TYPE
C-level (not chief information officer or chief digital officer) 9.4%
Chief information officer 2.8%
Chief digital officer 2.4%
Vice president 4.7%
Business unit head 7.5%
Engineer 33.3%
Geoscientist 3.5%
Information technology 3.5%
Mid-level management 9.4%
Other 12.9%
Project manager 10.6%
Total 100%
Africa 9.4%
Asia Pacific (excluding Australia) 11.8%
Australia/New Zealand 0.4%
Europe (excluding Russia) 4.7%
Latin America 10.2%
Middle East 9.8%
North America 40.4%
Russia and Central Asia 0.7%
Worldwide 12.6%
Total 100%
Independent oil organization 28.7%
International oil organization 9.0%
National oil organization 18.0%
Oilfield services 13.3%
Oilfield consultant 19.2%
Other 11.8%
Total 100%
THE SURVEY SOUGHT TO DETERMINE
• How companies use digital
technologies in their upstream
businesses
• The barriers companies experience that
prevent the adoption of digital
technologies
• The perceived benefits of adopting
digital technologies in their upstream
businesses
Copyright © 2020 Accenture. All rights reserved.
FIVE TRENDS
TREND 02
Cybersecurity leads digital investments today and is
the technology of greatest impact—whereas big
data/analytics, especially artificial intelligence, will
take the lead tomorrow.
TREND 03
Digital helps optimize core businesses today and is
expected to help drive faster and better decisions
tomorrow.
TREND 01
Digital investments continue to increase—as digital is
seen as a key enabler of a successful upstream
business..
TREND 04
Full value from digital is not being realized due to
challenges with scaling.
TREND 05
External skills and partnerships are key to
unlocking the value of digital.
44
Copyright © 2020 Accenture. All rights reserved. 5
TREND 01
Digital investments continue
to increase—as digital is seen
as a key enabler of a
successful upstream business.
Copyright © 2020 Accenture. All rights reserved.
6% Don’t know
2019
6
In 2019, nearly 72% of survey respondents plan to invest
“more or significantly more” in digital technologies.
20% Same
The results from 2017 were not too different, at 71%.
TREND 01:
DIGITAL INVESTMENTS
Global (N=255). Responses add up to 100%. All responses shown.
THE TREND
CONTINUES
27% Significantly more
45% More 2% Less
72%
plan to invest more or
significantly more
2017
8% Don’t know
17% Same23% Significantly more
48% More 4% Less
71%
plan to invest more or
significantly more
Over the next 3-5 years, how much is your organization
planning to invest in digital technologies compared to
current investments?
Copyright © 2020 Accenture. All rights reserved. 7
Loss of competitive advantage
39%
Inability to access new talent/skills
Revenue/profit declines (continued or increased)
Lack of ability to scale innovation/new technology
47%
11%
11%
7%
6%
*
*
*
In 2019, 47% of survey respondents say the greatest
risk from lack of digital investments is a “loss of
competitive advantage.”
This concern has grown from 39% in 2017.
Other concerns respondents mentioned relate to the
risk to profits, the ability to scale innovation, and
access to new talent. These are likely to become
more pressing as the energy transition accelerates.
What is the biggest risk to your business
from a lack of investment in digital?
No 2017 data
available
Global (N=255). Responses do not add up to 100%. Top four responses shown
only. Not all the same categories were included in the 2017 survey.
TREND 01:
DIGITAL INVESTMENTS
THE RISKS
OF NOT
INVESTING
2019
2017
Copyright © 2020 Accenture. All rights reserved.
TREND 01:
DIGITAL INVESTMENTS
OUR ANALYSIS
8
Oil companies
continue to invest
in digital so they
can remain
competitive as the
energy transition
progresses and
leading companies
continue to move
to sustainable
business models.
Digital continues to be a significant annual investment for upstream
companies as they fear losing competitive advantage.
Accenture believes that digital investments are key to unlocking business value
but they should be structured toward achieving more transformational changes
that will position the company to move beyond proofs of concept.
As the oil industry’s purpose and license to operate challenges increase, digital
can enable oil companies to preserve their license to operate, for example,
through greater transparency, enhanced safety measures, and
environmental actions such as emissions tracking.
In addition, we are seeing leading upstream companies invest in digital as an
enabler to help with the energy transition and create more sustainable future
business models.
Copyright © 2020 Accenture. All rights reserved. 9
TREND 02
Cybersecurity leads digital
investments today and is the
technology of greatest impact—
whereas big data/analytics,
especially artificial intelligence,
will take the lead tomorrow.
Copyright © 2020 Accenture. All rights reserved.
+7%
Which of the digital solutions are driving the
greatest impact on business performance?
TECHNOLOGIES
DRIVING
IMPACT
10
Global (N=255). Responses do not add up to 100%. Top five responses shown only.
The digital technologies driving the greatest
impact on business performance in 2019 were:
• Cybersecurity
• Cloud
• Big data/analytics
Cybersecurity had the largest increase (7%) in
response to the increased cyber threats to the oil
and gas industry.
The impact artificial intelligence (AI) is having on
business performance is increasing significantly. It
has more than doubled in 2019 from the last survey
period. This is consistent with the industry
expectation that AI will be driving future value.
TREND 02:
TODAY’S INVESTMENTS
Cybersecurity Cloud Big
data/analytics
Artificial intelligence/
machine learning
Internet of Things
13%
15%
12%
15%
9%
4%
6%
10%
16%
+5%
9%
2019 2017
Copyright © 2020 Accenture. All rights reserved.
TREND 02:
TODAY’S INVESTMENTS
Which digital technologies is your organization
investing in today and over the next 3-5 years?
53%
46% 44%
40% 39% 37%
74%
In 2019, cybersecurity was the number one
investment focus with 61% (a 49% increase) of
survey respondents indicating they
were investing in cybersecurity technologies
for prevention and detection of threats.
CybersecurityMobile/wearable
technologies
Internet of
Things
Big data/
analytics
Artificial intelligence/
machine learning
INVESTMENTS TODAY
2019 2017
INVESTMENTS IN 3-5 YEARS
43%
51%
30%
46%
43%
41%
38%
53%
35%
24%
Mobile/wearable
technologies
Big data/
analytics
Internet of
Things
CloudCybersecurity
TECHNOLOGIES
IN FOCUS
Global (N=255). Responses do not add up to 100%. Top five responses shown only.
And looking ahead—in the next 3-5 years—more than
50% of respondents place artificial intelligence and
big data/ analytics at the top of the investment list.
50%
+49%
12%
61%
11
Copyright © 2020 Accenture. All rights reserved.
TREND 02:
TODAY’S INVESTMENTS
The focus on cyber resilience continues and is, in fact, sharply increasing as oil
companies protect their assets and reputation. Cybersecurity is now a boardroom-
level concern and watched closely by governments, stakeholders, and consumers.
Cloud technologies continue to be a focus as they are a foundation for upstream
companies for value creation from other digital technologies. As more operational
data and services are hosted in the cloud, it is becoming multi-layered, more
complex and much more important to the upstream business (as well as improving
operational security generally).
Big data/analytics and artificial intelligence/machine learning are having a
positive impact on business performance. The focus is shifting more to artificial
intelligence and machine learning as oil companies look to unlock the promise of
these rapidly maturing technologies to help them make much better decisions on
areas such as drilling, more predictive maintenance and optimized production.
OUR ANALYSIS
12
Oil companies see
cybersecurity,
cloud and big
data/analytics
driving the most
business impact
today, and
artificial
intelligence/
machine learning
driving more value
tomorrow.
Copyright © 2020 Accenture. All rights reserved. 13
TREND 03
Digital helps optimize core
businesses today and is
expected to help drive faster
and better decisions
tomorrow.
Copyright © 2020 Accenture. All rights reserved. 14
What business challenges do you believe
digital can help address?
For the 2019 and 2017 surveys, the business
challenge that respondents felt digital can best help
with is cost reduction.
In 2019, the percentage grew to 42%—with
respondents indicating they can use digital primarily
to become more operationally efficient.
Concerns about improved capabilities have grown
(15%) along with those around skills shortages (11%)
TREND 03:
AGILITY
COST
REDUCTION
TODAY
Global (N=255). Responses do not add up to 100%. Top five responses shown only.
2019 2017
Innovation and research and developmentCost reduction
Need for improved capabilities
Skills shortages
6%
42%
34%
11%
11%
7%
7%
7%
7%
15%
Race for operational effectiveness
Copyright © 2020 Accenture. All rights reserved. 15
Survey respondents indicate digital solutions can
make them into more agile upstream companies.
They cite the enablement of more rapid decision
making (31%), faster time to first oil and gas (23%),
and reducing risk in decision making (16%).
Global (N=255). Responses do not add up to 100%. Top four responses shown only.
TREND 03:
AGILITY
FASTER, BETTER
DECISIONS
TOMORROW
Faster time to first oil and gas
Better asset management
31%
30%
23%
19%
16%
12%
15%
15%
Reduced risk due to real-time decision support
What are the top three areas you believe
digital can benefit your organization?
2019 2017
Faster and better decisions
Copyright © 2020 Accenture. All rights reserved. 16
As oil companies move to become more agile and
nimble as they respond to the market pressures,
many see the need to develop new digital
capabilities and operating models.
Most important is the development of digital skills
(44%), followed by defining new roles for digital
(39%).
Next, a third of respondents indicated they are
improving collaboration between IT and the
business as their businesses become more digitally
driven. Many are doing this through new combined
digital operating models.
Global (N=255). Responses do not add up to 100%. Top three responses shown only.
Is your organization making any of the following changes to
position digital to deliver value in your upstream business?
TREND 03:
AGILITY
NEW DIGITAL
SKILLS AND
OPERATING
MODELS
Developing key digital skills and capabilities
Defining digital roles and responsibilities to support digital initiatives
Collaboration between IT/digital and the business
44%
39%
34%
Copyright © 2020 Accenture. All rights reserved.
OUR ANALYSIS
TREND 03:
AGILITY
Today, most oil companies are still looking to digital to help them
reduce costs and make their operations more efficient—optimizing
their core upstream business as they strive to become as lean as
possible to compete in a challenging environment.
Oil companies are expecting that analytics and machine learning will
help them drive better and faster decisions and bring new oil and gas
production online more rapidly.
To be able to unlock value, many recognize that they will need to
develop more digital skills and capabilities and bring the business
and IT closer together.
17
Digital is helping
oil companies
reduce costs and
make faster and
better decisions,
but there is the
need to develop
skills and
reorganize in
order to unlock
this value.
Copyright © 2020 Accenture. All rights reserved. 18
TREND 04
Full value from digital is not
being realized due to
challenges with scaling.
Copyright © 2020 Accenture. All rights reserved. 19
Scaling digital proofs of concept (POCs) remains a
challenge and it is needed to realize the real value
from digital investments.
Only 9% of respondents said their companies have
developed and scaled more than half of POCs while
36% reported developing and scaling 1-10% of their
POCs.
Global (N=255). Responses add up to 100%. All responses shown.
TREND 04:
SCALING DIGITAL
SCALING
DIGITAL
BEYOND
PILOTS
Percentage of POCs Developed and Scaled
11%-20% 1%-5% Don’t know None 21%-50% > 50%
21%
17%
15%
14%
13%
11%
9%
6%-10%
PercentageofRespondents
Over the last 2 years, what percentage of digital proofs of
concept have been developed and scaled in the
department/division you lead?
Copyright © 2020 Accenture. All rights reserved. 20
Global (N=255). Responses do not add up to 100%. Top four responses shown only.
TREND 04:
SCALING DIGITAL
Significant–Over $100 million in total value
12%
Low–Less than $5 million in total value
High–Over $50 million in total value
Average–Over $5 million in total value
5%
13%
15%
20%
20%
22%
16%
Upstream oil companies are not fully translating
digital investment into value.
The percentage of respondents that felt digital was
adding significant value (i.e., over $100 million in
value) decreased by 7% in 2019 compared to 2017.
In 2019 a higher number of respondents (20%) felt
that the value they were seeing from digital was
less than $5 million in total.
VALUE REMAINS
TRAPPED
Can you quantify in terms of value, how much
digital is adding to your business today?
2019 2017
Copyright © 2020 Accenture. All rights reserved.
BARRIERS TO
ACHIEVING
VALUE
21
Global (N=255). Responses do not add up to 100%. Top three responses shown only.
TREND 04:
SCALING DIGITAL
The lack of a clear digital strategy (34%) remains
the most significant challenge in 2019 as companies
try to shift digital practices from IT into the
business.
Other barriers identified include trust in data,
security, and lack of internal ownership.
Lack of a clear strategy
and business case
Trust and data security
concerns
Lack of internal
ownership
26%
34%
10%
9%
8%8%
What are the biggest barriers to achieving
more value from digital?
2019 2017
Copyright © 2020 Accenture. All rights reserved.
TREND 04:
SCALING DIGITAL
OUR ANALYSIS
Upstream companies are not realizing the value of their digital
investments not because of lack of good ideas or lack of POCs. The issue
is that oil companies are not able to scale their digital solutions due to a
lack of clearly articulated strategy and lack of base capabilities needed to
scale.
Accenture believes companies need to define the “true north” or their
strategy for digital transformation and then set up a “base camp” of key
capabilities to make it happen. This would involve creating an operating
model supported by new digital capabilities and skills, innovation to scale
processes, digital platforms, and ecosystem partners. With this
foundation, they will be able to learn quickly and then take the best
digital ideas and scale them to unlock real business value.
22
To unlock the
value of digital,
oil companies
should define
their “true north”
and then
develop a “base
camp” of key
capabilities
needed to scale.
Copyright © 2020 Accenture. All rights reserved. 23
TREND 05
External skills and
partnerships are key to
unlocking the value of digital.
Copyright © 2020 Accenture. All rights reserved. 24
How does your organization plan to carry out any new
investment in digital in the upstream?
The majority of upstream companies felt that they
needed external skills and capabilities to scale
digital to transform their companies.
Nearly 60% stated they would look to external
providers for assistance.
This list of external providers includes technology
platform providers, niche vendors, and large IT
service providers—as well as the general category of
“outsourced,” and the current incumbent the
company is using.
Only slightly over a quarter (27%) of respondents plan
to carry out new digital investments using in-house
resources.
TREND 05:
PARTNERSHIPS
ACCELERATING
DIGITAL
TRANSFORMATION
27%
In-house
A cumulative total of
60%
stated they would look
to external providers
for assistance.
13%
Don’t know
Global (N=255). Responses add up to 100%. All responses shown.
Copyright © 2020 Accenture. All rights reserved.
TREND 05:
PARTNERSHIPS
INCENTIVES
FOR GETTING
EXTERNAL
SUPPORT
25
What has been the main incentive for your organization
to enter into strategic partnerships?
Global (N=255). Responses add up to 100%. All responses shown.
Upstream companies recognize that external
strategic partnerships can accelerate change and
bring greater value.
Faster access to technology and innovation (31%)
and better business margins (24%) are the top
reasons for forming such partnerships.
“Other” incentives cited included access to new
talent, new technology, new geographies, and new
customers.
24%
Better business
margins
31%
Faster access to
technology/digital innovation
13%
Access to
new customers
32%
Other
Copyright © 2020 Accenture. All rights reserved.
TREND 05:
PARTNERSHIPS
OUR ANALYSIS
26
Oil and gas companies are realizing that they do not have all of the
skills needed to unlock the value that digital can create. They are
starting to leverage more skills and capabilities from the external
ecosystem and, in some cases, with start-ups and boutique
organizations.
We believe that upstream companies need to not only change who they
work with, but also how they work with these companies to tap into the
broad external ecosystem of partners for innovation, co-creation and
co-development needed for digital transformation. No single company
has the breadth of skills required to unlock the full value that digital can
provide, and we believe that new inter-company partnership models
and new ways of collaboration across ecosystems are required.
In order to scale and realize the value, oil companies will need to get
comfortable with these new models and ways of working.
Oil companies
need to work in
new collaboration
models with
external
ecosystems
to gain access
to the skills,
technologies and
innovation needed
to scale digital
and unlock value
from their digital
investments.
Copyright © 2020 Accenture. All rights reserved. 27
KEY TAKEAWAYS FROM THE SURVEY:
CONCLUSION
The search for
value from digital
investments
continues.
• Oil companies continue to invest in digital so they can remain
competitive as the energy transition progresses and leading
companies continue to move to sustainable business models.
• Oil companies see cybersecurity, cloud and big data/analytics
driving the most business impact today, and artificial
intelligence/machine learning driving more value tomorrow.
• Digital is helping oil companies reduce costs and make faster
and better decisions, but there is the need to develop skills and
reorganize in order to unlock this value.
• To unlock the value of digital, oil companies should define their
“true north” and then develop a “base camp” of key
capabilities needed to scale.
• Oil companies need to work in new collaboration models with
external ecosystems to gain access to the skills, technologies
and innovation needed to scale digital and unlock value from
their digital investments.
Copyright © 2020 Accenture. All rights reserved.
Copyright © 2020 Accenture. All rights reserved.
CONTACT US TO LEARN MORE
RICHARD HOLSMAN
Managing Director, Accenture Consulting
Digital Lead for Accenture’s Chemicals,
Oil and Gas, Metals and Mining, and
Utilities Industries
richard.holsman@accenture.com
28
LEARN MORE
Visit www.accenture.com/upstreamsurvey2019
The Accenture Upstream Oil and Gas Digital Trends Survey 2019 was conducted online by
PennEnergy Research in partnership with the Oil & Gas Journal. The survey included 255
respondents from 47 countries. Respondents included C-level executives, vice presidents,
business unit leads, mid-level management, information technology professionals, engineers
and project managers from a cross section of national oil companies, international oil
companies, independent oil companies and oilfield services companies. The final results
and analysis were supported by Accenture Research.
ABOUT ACCENTURE
Accenture is a leading global professional services company, providing a broad range of
services and solutions in strategy, consulting, digital, technology and operations. Combining
unmatched experience and specialized skills across more than 40 industries and all business
functions—underpinned by the world’s largest delivery network—Accenture works at the
intersection of business and technology to help clients improve their performance and create
sustainable value for their stakeholders. With 505,000 people serving clients in more than 120
countries, Accenture drives innovation to improve the way the world works and lives.
Visit us at www.accenture.com.
This document is produced by consultants at Accenture as general guidance. It is not
intended to provide specific advice on your circumstances. If you require advice or
further details on any matters referred to, please contact your Accenture representative.
This document makes reference to marks owned by third parties. All such third-party
marks are the property of their respective owners. No sponsorship, endorsement or
approval of this content by the owners of such marks is intended, expressed or implied.
FOLLOW US
Copyright © 2020 Accenture.
All rights reserved.
Accenture, its logo, and New Applied Now
are trademarks of Accenture.
@AccentureEnergy
#digitalenergy
Follow us on LinkedIn
Explore our Energy Blog

Contenu connexe

Tendances

Accenture 2017 Global Risk Study: Banking Key Trends Infographic
Accenture 2017 Global Risk Study: Banking Key Trends InfographicAccenture 2017 Global Risk Study: Banking Key Trends Infographic
Accenture 2017 Global Risk Study: Banking Key Trends Infographicaccenture
 
Communications Technology Vision 2021
Communications Technology Vision 2021Communications Technology Vision 2021
Communications Technology Vision 2021accenture
 
DARQ power driving value for the Communications Industry
DARQ power driving value for the Communications Industry DARQ power driving value for the Communications Industry
DARQ power driving value for the Communications Industry accenture
 
Trash the Rulebook
Trash the RulebookTrash the Rulebook
Trash the Rulebookaccenture
 
The Benefits of Cross-Function Team Collaboration | Accenture
The Benefits of Cross-Function Team Collaboration | AccentureThe Benefits of Cross-Function Team Collaboration | Accenture
The Benefits of Cross-Function Team Collaboration | Accentureaccenture
 
Social Services: Lead with Impact
Social Services: Lead with ImpactSocial Services: Lead with Impact
Social Services: Lead with Impactaccenture
 
Digital strategy a 5 point approach
Digital strategy   a 5 point approachDigital strategy   a 5 point approach
Digital strategy a 5 point approachVed Sen
 
Implementing the smart factory: New perspectives for driving value
Implementing the smart factory: New perspectives for driving valueImplementing the smart factory: New perspectives for driving value
Implementing the smart factory: New perspectives for driving valueDeloitte United States
 
The Search for Value: Five Trends Indigital Investment
The Search for Value: Five Trends Indigital InvestmentThe Search for Value: Five Trends Indigital Investment
The Search for Value: Five Trends Indigital Investmentaccenture
 
2019 LIBOR Survey: Thriving in Transition Uncertainty
2019 LIBOR Survey: Thriving in Transition Uncertainty2019 LIBOR Survey: Thriving in Transition Uncertainty
2019 LIBOR Survey: Thriving in Transition Uncertaintyaccenture
 
Technology Trends 2021 | Tech Vision | Accenture
Technology Trends 2021 | Tech Vision | AccentureTechnology Trends 2021 | Tech Vision | Accenture
Technology Trends 2021 | Tech Vision | Accentureaccenture
 
Turning Possibility Into Productivity
Turning Possibility Into ProductivityTurning Possibility Into Productivity
Turning Possibility Into Productivityaccenture
 
The Work Ahead in Utilities: Powering a Sustainable Future with Digital
The Work Ahead in Utilities: Powering a Sustainable Future with DigitalThe Work Ahead in Utilities: Powering a Sustainable Future with Digital
The Work Ahead in Utilities: Powering a Sustainable Future with DigitalCognizant
 
Why Digital Holds the Key for Telcos
Why Digital Holds the Key for TelcosWhy Digital Holds the Key for Telcos
Why Digital Holds the Key for TelcosCapgemini
 
Reinventing the Last Mile: Win the Race to the Top
Reinventing the Last Mile: Win the Race to the TopReinventing the Last Mile: Win the Race to the Top
Reinventing the Last Mile: Win the Race to the Topaccenture
 
Accenture Tech Vision 2020 - Trend 5
Accenture Tech Vision 2020 - Trend 5Accenture Tech Vision 2020 - Trend 5
Accenture Tech Vision 2020 - Trend 5accenture
 
A Responsible Future for Immersive Technologies
A Responsible Future for Immersive TechnologiesA Responsible Future for Immersive Technologies
A Responsible Future for Immersive Technologiesaccenture
 
Your cognitive future in retail industry
Your cognitive future in retail industryYour cognitive future in retail industry
Your cognitive future in retail industryTero Angeria
 
Vision 2030: A Connected Future
Vision 2030: A Connected FutureVision 2030: A Connected Future
Vision 2030: A Connected FutureWipro Digital
 
GDPR: Data Privacy in the New
GDPR: Data Privacy in the NewGDPR: Data Privacy in the New
GDPR: Data Privacy in the Newaccenture
 

Tendances (20)

Accenture 2017 Global Risk Study: Banking Key Trends Infographic
Accenture 2017 Global Risk Study: Banking Key Trends InfographicAccenture 2017 Global Risk Study: Banking Key Trends Infographic
Accenture 2017 Global Risk Study: Banking Key Trends Infographic
 
Communications Technology Vision 2021
Communications Technology Vision 2021Communications Technology Vision 2021
Communications Technology Vision 2021
 
DARQ power driving value for the Communications Industry
DARQ power driving value for the Communications Industry DARQ power driving value for the Communications Industry
DARQ power driving value for the Communications Industry
 
Trash the Rulebook
Trash the RulebookTrash the Rulebook
Trash the Rulebook
 
The Benefits of Cross-Function Team Collaboration | Accenture
The Benefits of Cross-Function Team Collaboration | AccentureThe Benefits of Cross-Function Team Collaboration | Accenture
The Benefits of Cross-Function Team Collaboration | Accenture
 
Social Services: Lead with Impact
Social Services: Lead with ImpactSocial Services: Lead with Impact
Social Services: Lead with Impact
 
Digital strategy a 5 point approach
Digital strategy   a 5 point approachDigital strategy   a 5 point approach
Digital strategy a 5 point approach
 
Implementing the smart factory: New perspectives for driving value
Implementing the smart factory: New perspectives for driving valueImplementing the smart factory: New perspectives for driving value
Implementing the smart factory: New perspectives for driving value
 
The Search for Value: Five Trends Indigital Investment
The Search for Value: Five Trends Indigital InvestmentThe Search for Value: Five Trends Indigital Investment
The Search for Value: Five Trends Indigital Investment
 
2019 LIBOR Survey: Thriving in Transition Uncertainty
2019 LIBOR Survey: Thriving in Transition Uncertainty2019 LIBOR Survey: Thriving in Transition Uncertainty
2019 LIBOR Survey: Thriving in Transition Uncertainty
 
Technology Trends 2021 | Tech Vision | Accenture
Technology Trends 2021 | Tech Vision | AccentureTechnology Trends 2021 | Tech Vision | Accenture
Technology Trends 2021 | Tech Vision | Accenture
 
Turning Possibility Into Productivity
Turning Possibility Into ProductivityTurning Possibility Into Productivity
Turning Possibility Into Productivity
 
The Work Ahead in Utilities: Powering a Sustainable Future with Digital
The Work Ahead in Utilities: Powering a Sustainable Future with DigitalThe Work Ahead in Utilities: Powering a Sustainable Future with Digital
The Work Ahead in Utilities: Powering a Sustainable Future with Digital
 
Why Digital Holds the Key for Telcos
Why Digital Holds the Key for TelcosWhy Digital Holds the Key for Telcos
Why Digital Holds the Key for Telcos
 
Reinventing the Last Mile: Win the Race to the Top
Reinventing the Last Mile: Win the Race to the TopReinventing the Last Mile: Win the Race to the Top
Reinventing the Last Mile: Win the Race to the Top
 
Accenture Tech Vision 2020 - Trend 5
Accenture Tech Vision 2020 - Trend 5Accenture Tech Vision 2020 - Trend 5
Accenture Tech Vision 2020 - Trend 5
 
A Responsible Future for Immersive Technologies
A Responsible Future for Immersive TechnologiesA Responsible Future for Immersive Technologies
A Responsible Future for Immersive Technologies
 
Your cognitive future in retail industry
Your cognitive future in retail industryYour cognitive future in retail industry
Your cognitive future in retail industry
 
Vision 2030: A Connected Future
Vision 2030: A Connected FutureVision 2030: A Connected Future
Vision 2030: A Connected Future
 
GDPR: Data Privacy in the New
GDPR: Data Privacy in the NewGDPR: Data Privacy in the New
GDPR: Data Privacy in the New
 

Similaire à The Search for Value: Five Trends in Digital Investment

Digital Refining Survey 2018
Digital Refining Survey 2018Digital Refining Survey 2018
Digital Refining Survey 2018accenture
 
2015 Oil and Gas Digital and Technology Trends Survey
2015 Oil and Gas Digital and Technology Trends Survey2015 Oil and Gas Digital and Technology Trends Survey
2015 Oil and Gas Digital and Technology Trends Surveyaccenture
 
The Connected Refinery – Accenture 2017 Digital Refining Survey
The Connected Refinery – Accenture 2017 Digital Refining SurveyThe Connected Refinery – Accenture 2017 Digital Refining Survey
The Connected Refinery – Accenture 2017 Digital Refining Surveyaccenture
 
Drill Deeper Into Digital - 2017 Upstream Oil and Gas
Drill Deeper Into Digital - 2017 Upstream Oil and Gas Drill Deeper Into Digital - 2017 Upstream Oil and Gas
Drill Deeper Into Digital - 2017 Upstream Oil and Gas accenture
 
Accenture-IXO-Industry-Insights-AutoOES.pptx
Accenture-IXO-Industry-Insights-AutoOES.pptxAccenture-IXO-Industry-Insights-AutoOES.pptx
Accenture-IXO-Industry-Insights-AutoOES.pptxHadiWilianto1
 
Accenture-IXO-Industry-Insights-AutoOES.pdf
Accenture-IXO-Industry-Insights-AutoOES.pdfAccenture-IXO-Industry-Insights-AutoOES.pdf
Accenture-IXO-Industry-Insights-AutoOES.pdfNatliaVial
 
Digital Transformation Trends for 2020
Digital Transformation Trends for 2020Digital Transformation Trends for 2020
Digital Transformation Trends for 2020Marianne Harness
 
Webinar: InsurTech Israel: Leading D&A on the Global Stage
Webinar: InsurTech Israel: Leading D&A on the Global StageWebinar: InsurTech Israel: Leading D&A on the Global Stage
Webinar: InsurTech Israel: Leading D&A on the Global StageThe Digital Insurer
 
Stepping Up the Pace
Stepping Up the PaceStepping Up the Pace
Stepping Up the PaceCognizant
 
Digital Readiness and the Pandemic: Assessing the Impact
Digital Readiness and the Pandemic: Assessing the ImpactDigital Readiness and the Pandemic: Assessing the Impact
Digital Readiness and the Pandemic: Assessing the ImpactTata Consultancy Services
 
Iot viewpoints. Ovum explores the IoT opportunity in 2018 and beyond
Iot viewpoints. Ovum explores the IoT opportunity in 2018 and beyondIot viewpoints. Ovum explores the IoT opportunity in 2018 and beyond
Iot viewpoints. Ovum explores the IoT opportunity in 2018 and beyondDigital Policy and Law Consulting
 
On-switch: Applied Lessons on Moving up the Digital Maturity Curve
On-switch: Applied Lessons on Moving up the Digital Maturity CurveOn-switch: Applied Lessons on Moving up the Digital Maturity Curve
On-switch: Applied Lessons on Moving up the Digital Maturity CurveCognizant
 
Thinking out of the toolbox full deck
Thinking out of the toolbox full deckThinking out of the toolbox full deck
Thinking out of the toolbox full deckSusanna Harper
 
Outsourcing for Profit: Make investment work
Outsourcing for Profit: Make investment workOutsourcing for Profit: Make investment work
Outsourcing for Profit: Make investment workIndusNetMarketing
 
Private Sector Digital Value at Stake
Private Sector Digital Value at StakePrivate Sector Digital Value at Stake
Private Sector Digital Value at StakeBridget Lindsay
 
Private Sector Digital Value at Stake
Private Sector Digital Value at StakePrivate Sector Digital Value at Stake
Private Sector Digital Value at StakeDarren Scott
 
Ast 0181451 hitachi-cloud_transformation
Ast 0181451 hitachi-cloud_transformationAst 0181451 hitachi-cloud_transformation
Ast 0181451 hitachi-cloud_transformationAbdulMajeed Al-Ali
 
Keynote address channel middle east 2013
Keynote address channel middle east 2013Keynote address channel middle east 2013
Keynote address channel middle east 2013Meera Kaul
 
Investing in Digital Threat Intelligence Management to Protect Your Assets ou...
Investing in Digital Threat Intelligence Management to Protect Your Assets ou...Investing in Digital Threat Intelligence Management to Protect Your Assets ou...
Investing in Digital Threat Intelligence Management to Protect Your Assets ou...Enterprise Management Associates
 
Smarter Investments, Outstanding Results: Resources Industries Digital Transf...
Smarter Investments, Outstanding Results: Resources Industries Digital Transf...Smarter Investments, Outstanding Results: Resources Industries Digital Transf...
Smarter Investments, Outstanding Results: Resources Industries Digital Transf...accenture
 

Similaire à The Search for Value: Five Trends in Digital Investment (20)

Digital Refining Survey 2018
Digital Refining Survey 2018Digital Refining Survey 2018
Digital Refining Survey 2018
 
2015 Oil and Gas Digital and Technology Trends Survey
2015 Oil and Gas Digital and Technology Trends Survey2015 Oil and Gas Digital and Technology Trends Survey
2015 Oil and Gas Digital and Technology Trends Survey
 
The Connected Refinery – Accenture 2017 Digital Refining Survey
The Connected Refinery – Accenture 2017 Digital Refining SurveyThe Connected Refinery – Accenture 2017 Digital Refining Survey
The Connected Refinery – Accenture 2017 Digital Refining Survey
 
Drill Deeper Into Digital - 2017 Upstream Oil and Gas
Drill Deeper Into Digital - 2017 Upstream Oil and Gas Drill Deeper Into Digital - 2017 Upstream Oil and Gas
Drill Deeper Into Digital - 2017 Upstream Oil and Gas
 
Accenture-IXO-Industry-Insights-AutoOES.pptx
Accenture-IXO-Industry-Insights-AutoOES.pptxAccenture-IXO-Industry-Insights-AutoOES.pptx
Accenture-IXO-Industry-Insights-AutoOES.pptx
 
Accenture-IXO-Industry-Insights-AutoOES.pdf
Accenture-IXO-Industry-Insights-AutoOES.pdfAccenture-IXO-Industry-Insights-AutoOES.pdf
Accenture-IXO-Industry-Insights-AutoOES.pdf
 
Digital Transformation Trends for 2020
Digital Transformation Trends for 2020Digital Transformation Trends for 2020
Digital Transformation Trends for 2020
 
Webinar: InsurTech Israel: Leading D&A on the Global Stage
Webinar: InsurTech Israel: Leading D&A on the Global StageWebinar: InsurTech Israel: Leading D&A on the Global Stage
Webinar: InsurTech Israel: Leading D&A on the Global Stage
 
Stepping Up the Pace
Stepping Up the PaceStepping Up the Pace
Stepping Up the Pace
 
Digital Readiness and the Pandemic: Assessing the Impact
Digital Readiness and the Pandemic: Assessing the ImpactDigital Readiness and the Pandemic: Assessing the Impact
Digital Readiness and the Pandemic: Assessing the Impact
 
Iot viewpoints. Ovum explores the IoT opportunity in 2018 and beyond
Iot viewpoints. Ovum explores the IoT opportunity in 2018 and beyondIot viewpoints. Ovum explores the IoT opportunity in 2018 and beyond
Iot viewpoints. Ovum explores the IoT opportunity in 2018 and beyond
 
On-switch: Applied Lessons on Moving up the Digital Maturity Curve
On-switch: Applied Lessons on Moving up the Digital Maturity CurveOn-switch: Applied Lessons on Moving up the Digital Maturity Curve
On-switch: Applied Lessons on Moving up the Digital Maturity Curve
 
Thinking out of the toolbox full deck
Thinking out of the toolbox full deckThinking out of the toolbox full deck
Thinking out of the toolbox full deck
 
Outsourcing for Profit: Make investment work
Outsourcing for Profit: Make investment workOutsourcing for Profit: Make investment work
Outsourcing for Profit: Make investment work
 
Private Sector Digital Value at Stake
Private Sector Digital Value at StakePrivate Sector Digital Value at Stake
Private Sector Digital Value at Stake
 
Private Sector Digital Value at Stake
Private Sector Digital Value at StakePrivate Sector Digital Value at Stake
Private Sector Digital Value at Stake
 
Ast 0181451 hitachi-cloud_transformation
Ast 0181451 hitachi-cloud_transformationAst 0181451 hitachi-cloud_transformation
Ast 0181451 hitachi-cloud_transformation
 
Keynote address channel middle east 2013
Keynote address channel middle east 2013Keynote address channel middle east 2013
Keynote address channel middle east 2013
 
Investing in Digital Threat Intelligence Management to Protect Your Assets ou...
Investing in Digital Threat Intelligence Management to Protect Your Assets ou...Investing in Digital Threat Intelligence Management to Protect Your Assets ou...
Investing in Digital Threat Intelligence Management to Protect Your Assets ou...
 
Smarter Investments, Outstanding Results: Resources Industries Digital Transf...
Smarter Investments, Outstanding Results: Resources Industries Digital Transf...Smarter Investments, Outstanding Results: Resources Industries Digital Transf...
Smarter Investments, Outstanding Results: Resources Industries Digital Transf...
 

Plus de accenture

The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024accenture
 
The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023accenture
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education accenture
 
The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023accenture
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education accenture
 
Engineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibileEngineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibileaccenture
 
Digital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial SystemDigital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial Systemaccenture
 
More deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journeyMore deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journeyaccenture
 
The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023accenture
 
Reinventing Enterprise Operations
Reinventing Enterprise OperationsReinventing Enterprise Operations
Reinventing Enterprise Operationsaccenture
 
Semiconductor Gender Parity Study
Semiconductor Gender Parity StudySemiconductor Gender Parity Study
Semiconductor Gender Parity Studyaccenture
 
The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023accenture
 
Nonprofit reinvention in a time of unprecedented change
 Nonprofit reinvention in a time of unprecedented change Nonprofit reinvention in a time of unprecedented change
Nonprofit reinvention in a time of unprecedented changeaccenture
 
Free to be 100% me
Free to be 100% meFree to be 100% me
Free to be 100% meaccenture
 
The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023accenture
 
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimentoMundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimentoaccenture
 
Pathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications IndustryPathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications Industryaccenture
 
The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023accenture
 
Reimagining the Agenda | Accenture
Reimagining the Agenda | AccentureReimagining the Agenda | Accenture
Reimagining the Agenda | Accentureaccenture
 
Climate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | AccentureClimate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | Accentureaccenture
 

Plus de accenture (20)

The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024
 
The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education
 
The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education
 
Engineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibileEngineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibile
 
Digital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial SystemDigital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial System
 
More deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journeyMore deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journey
 
The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023
 
Reinventing Enterprise Operations
Reinventing Enterprise OperationsReinventing Enterprise Operations
Reinventing Enterprise Operations
 
Semiconductor Gender Parity Study
Semiconductor Gender Parity StudySemiconductor Gender Parity Study
Semiconductor Gender Parity Study
 
The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023
 
Nonprofit reinvention in a time of unprecedented change
 Nonprofit reinvention in a time of unprecedented change Nonprofit reinvention in a time of unprecedented change
Nonprofit reinvention in a time of unprecedented change
 
Free to be 100% me
Free to be 100% meFree to be 100% me
Free to be 100% me
 
The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023
 
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimentoMundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
 
Pathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications IndustryPathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications Industry
 
The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023
 
Reimagining the Agenda | Accenture
Reimagining the Agenda | AccentureReimagining the Agenda | Accenture
Reimagining the Agenda | Accenture
 
Climate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | AccentureClimate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | Accenture
 

Dernier

Anypoint Exchange: It’s Not Just a Repo!
Anypoint Exchange: It’s Not Just a Repo!Anypoint Exchange: It’s Not Just a Repo!
Anypoint Exchange: It’s Not Just a Repo!Manik S Magar
 
What's New in Teams Calling, Meetings and Devices March 2024
What's New in Teams Calling, Meetings and Devices March 2024What's New in Teams Calling, Meetings and Devices March 2024
What's New in Teams Calling, Meetings and Devices March 2024Stephanie Beckett
 
Designing IA for AI - Information Architecture Conference 2024
Designing IA for AI - Information Architecture Conference 2024Designing IA for AI - Information Architecture Conference 2024
Designing IA for AI - Information Architecture Conference 2024Enterprise Knowledge
 
"LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks...
"LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks..."LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks...
"LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks...Fwdays
 
DevEX - reference for building teams, processes, and platforms
DevEX - reference for building teams, processes, and platformsDevEX - reference for building teams, processes, and platforms
DevEX - reference for building teams, processes, and platformsSergiu Bodiu
 
Leverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage Cost
Leverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage CostLeverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage Cost
Leverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage CostZilliz
 
DevoxxFR 2024 Reproducible Builds with Apache Maven
DevoxxFR 2024 Reproducible Builds with Apache MavenDevoxxFR 2024 Reproducible Builds with Apache Maven
DevoxxFR 2024 Reproducible Builds with Apache MavenHervé Boutemy
 
My Hashitalk Indonesia April 2024 Presentation
My Hashitalk Indonesia April 2024 PresentationMy Hashitalk Indonesia April 2024 Presentation
My Hashitalk Indonesia April 2024 PresentationRidwan Fadjar
 
WordPress Websites for Engineers: Elevate Your Brand
WordPress Websites for Engineers: Elevate Your BrandWordPress Websites for Engineers: Elevate Your Brand
WordPress Websites for Engineers: Elevate Your Brandgvaughan
 
Vector Databases 101 - An introduction to the world of Vector Databases
Vector Databases 101 - An introduction to the world of Vector DatabasesVector Databases 101 - An introduction to the world of Vector Databases
Vector Databases 101 - An introduction to the world of Vector DatabasesZilliz
 
Story boards and shot lists for my a level piece
Story boards and shot lists for my a level pieceStory boards and shot lists for my a level piece
Story boards and shot lists for my a level piececharlottematthew16
 
Scanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL CertsScanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL CertsRizwan Syed
 
Artificial intelligence in cctv survelliance.pptx
Artificial intelligence in cctv survelliance.pptxArtificial intelligence in cctv survelliance.pptx
Artificial intelligence in cctv survelliance.pptxhariprasad279825
 
Bun (KitWorks Team Study 노별마루 발표 2024.4.22)
Bun (KitWorks Team Study 노별마루 발표 2024.4.22)Bun (KitWorks Team Study 노별마루 발표 2024.4.22)
Bun (KitWorks Team Study 노별마루 발표 2024.4.22)Wonjun Hwang
 
CloudStudio User manual (basic edition):
CloudStudio User manual (basic edition):CloudStudio User manual (basic edition):
CloudStudio User manual (basic edition):comworks
 
"ML in Production",Oleksandr Bagan
"ML in Production",Oleksandr Bagan"ML in Production",Oleksandr Bagan
"ML in Production",Oleksandr BaganFwdays
 
Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)
Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)
Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)Mark Simos
 
Training state-of-the-art general text embedding
Training state-of-the-art general text embeddingTraining state-of-the-art general text embedding
Training state-of-the-art general text embeddingZilliz
 

Dernier (20)

Anypoint Exchange: It’s Not Just a Repo!
Anypoint Exchange: It’s Not Just a Repo!Anypoint Exchange: It’s Not Just a Repo!
Anypoint Exchange: It’s Not Just a Repo!
 
What's New in Teams Calling, Meetings and Devices March 2024
What's New in Teams Calling, Meetings and Devices March 2024What's New in Teams Calling, Meetings and Devices March 2024
What's New in Teams Calling, Meetings and Devices March 2024
 
Designing IA for AI - Information Architecture Conference 2024
Designing IA for AI - Information Architecture Conference 2024Designing IA for AI - Information Architecture Conference 2024
Designing IA for AI - Information Architecture Conference 2024
 
"LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks...
"LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks..."LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks...
"LLMs for Python Engineers: Advanced Data Analysis and Semantic Kernel",Oleks...
 
DMCC Future of Trade Web3 - Special Edition
DMCC Future of Trade Web3 - Special EditionDMCC Future of Trade Web3 - Special Edition
DMCC Future of Trade Web3 - Special Edition
 
DevEX - reference for building teams, processes, and platforms
DevEX - reference for building teams, processes, and platformsDevEX - reference for building teams, processes, and platforms
DevEX - reference for building teams, processes, and platforms
 
Leverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage Cost
Leverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage CostLeverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage Cost
Leverage Zilliz Serverless - Up to 50X Saving for Your Vector Storage Cost
 
DevoxxFR 2024 Reproducible Builds with Apache Maven
DevoxxFR 2024 Reproducible Builds with Apache MavenDevoxxFR 2024 Reproducible Builds with Apache Maven
DevoxxFR 2024 Reproducible Builds with Apache Maven
 
My Hashitalk Indonesia April 2024 Presentation
My Hashitalk Indonesia April 2024 PresentationMy Hashitalk Indonesia April 2024 Presentation
My Hashitalk Indonesia April 2024 Presentation
 
WordPress Websites for Engineers: Elevate Your Brand
WordPress Websites for Engineers: Elevate Your BrandWordPress Websites for Engineers: Elevate Your Brand
WordPress Websites for Engineers: Elevate Your Brand
 
Vector Databases 101 - An introduction to the world of Vector Databases
Vector Databases 101 - An introduction to the world of Vector DatabasesVector Databases 101 - An introduction to the world of Vector Databases
Vector Databases 101 - An introduction to the world of Vector Databases
 
Story boards and shot lists for my a level piece
Story boards and shot lists for my a level pieceStory boards and shot lists for my a level piece
Story boards and shot lists for my a level piece
 
Scanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL CertsScanning the Internet for External Cloud Exposures via SSL Certs
Scanning the Internet for External Cloud Exposures via SSL Certs
 
E-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptx
E-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptxE-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptx
E-Vehicle_Hacking_by_Parul Sharma_null_owasp.pptx
 
Artificial intelligence in cctv survelliance.pptx
Artificial intelligence in cctv survelliance.pptxArtificial intelligence in cctv survelliance.pptx
Artificial intelligence in cctv survelliance.pptx
 
Bun (KitWorks Team Study 노별마루 발표 2024.4.22)
Bun (KitWorks Team Study 노별마루 발표 2024.4.22)Bun (KitWorks Team Study 노별마루 발표 2024.4.22)
Bun (KitWorks Team Study 노별마루 발표 2024.4.22)
 
CloudStudio User manual (basic edition):
CloudStudio User manual (basic edition):CloudStudio User manual (basic edition):
CloudStudio User manual (basic edition):
 
"ML in Production",Oleksandr Bagan
"ML in Production",Oleksandr Bagan"ML in Production",Oleksandr Bagan
"ML in Production",Oleksandr Bagan
 
Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)
Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)
Tampa BSides - Chef's Tour of Microsoft Security Adoption Framework (SAF)
 
Training state-of-the-art general text embedding
Training state-of-the-art general text embeddingTraining state-of-the-art general text embedding
Training state-of-the-art general text embedding
 

The Search for Value: Five Trends in Digital Investment

  • 1. THE SEARCH FOR VALUE FIVE TRENDS IN DIGITAL INVESTMENT Accenture Upstream Oil and Gas Digital Trends Survey 2019
  • 2. Copyright © 2020 Accenture. All rights reserved. The Accenture Upstream Oil and Gas Digital Trends Survey 2019 examines the focus and investments upstream oil and gas companies are making in digital technologies. OVERVIEW Seventh report on upstream oil and gas surveying 255 upstream leaders in 47 countries representing: Respondents included C-level executives, vice presidents, business unit leads, mid-level management, information technology professionals, engineers, and project managers 2 • Online survey conducted in May 2019 by Oil & Gas Journal (OGJ) Research on behalf of Accenture • Respondents are subscribers to PennWell publications • Analysis conducted by Accenture Research • National oil companies • International oil companies • Independent oil companies • Oilfield service providers
  • 3. Copyright © 2020 Accenture. All rights reserved. METHODOLOGY AND SAMPLE COMPOSITION 3 Accenture retained OGJ Research to conduct a survey among professionals in the oil and gas industry. RESPONDENTS’ POSITION • Online survey sent to 39,959 potential participants in the Oil & Gas Journal database • Complete responses were received from 255 individuals • Confidence level for the survey is 95% with a margin of error of 6.12% METHODOLOGY 2019 2019GEOGRAPHY OF RESPONSIBILITY 2019ORGANIZATION TYPE C-level (not chief information officer or chief digital officer) 9.4% Chief information officer 2.8% Chief digital officer 2.4% Vice president 4.7% Business unit head 7.5% Engineer 33.3% Geoscientist 3.5% Information technology 3.5% Mid-level management 9.4% Other 12.9% Project manager 10.6% Total 100% Africa 9.4% Asia Pacific (excluding Australia) 11.8% Australia/New Zealand 0.4% Europe (excluding Russia) 4.7% Latin America 10.2% Middle East 9.8% North America 40.4% Russia and Central Asia 0.7% Worldwide 12.6% Total 100% Independent oil organization 28.7% International oil organization 9.0% National oil organization 18.0% Oilfield services 13.3% Oilfield consultant 19.2% Other 11.8% Total 100% THE SURVEY SOUGHT TO DETERMINE • How companies use digital technologies in their upstream businesses • The barriers companies experience that prevent the adoption of digital technologies • The perceived benefits of adopting digital technologies in their upstream businesses
  • 4. Copyright © 2020 Accenture. All rights reserved. FIVE TRENDS TREND 02 Cybersecurity leads digital investments today and is the technology of greatest impact—whereas big data/analytics, especially artificial intelligence, will take the lead tomorrow. TREND 03 Digital helps optimize core businesses today and is expected to help drive faster and better decisions tomorrow. TREND 01 Digital investments continue to increase—as digital is seen as a key enabler of a successful upstream business.. TREND 04 Full value from digital is not being realized due to challenges with scaling. TREND 05 External skills and partnerships are key to unlocking the value of digital. 44
  • 5. Copyright © 2020 Accenture. All rights reserved. 5 TREND 01 Digital investments continue to increase—as digital is seen as a key enabler of a successful upstream business.
  • 6. Copyright © 2020 Accenture. All rights reserved. 6% Don’t know 2019 6 In 2019, nearly 72% of survey respondents plan to invest “more or significantly more” in digital technologies. 20% Same The results from 2017 were not too different, at 71%. TREND 01: DIGITAL INVESTMENTS Global (N=255). Responses add up to 100%. All responses shown. THE TREND CONTINUES 27% Significantly more 45% More 2% Less 72% plan to invest more or significantly more 2017 8% Don’t know 17% Same23% Significantly more 48% More 4% Less 71% plan to invest more or significantly more Over the next 3-5 years, how much is your organization planning to invest in digital technologies compared to current investments?
  • 7. Copyright © 2020 Accenture. All rights reserved. 7 Loss of competitive advantage 39% Inability to access new talent/skills Revenue/profit declines (continued or increased) Lack of ability to scale innovation/new technology 47% 11% 11% 7% 6% * * * In 2019, 47% of survey respondents say the greatest risk from lack of digital investments is a “loss of competitive advantage.” This concern has grown from 39% in 2017. Other concerns respondents mentioned relate to the risk to profits, the ability to scale innovation, and access to new talent. These are likely to become more pressing as the energy transition accelerates. What is the biggest risk to your business from a lack of investment in digital? No 2017 data available Global (N=255). Responses do not add up to 100%. Top four responses shown only. Not all the same categories were included in the 2017 survey. TREND 01: DIGITAL INVESTMENTS THE RISKS OF NOT INVESTING 2019 2017
  • 8. Copyright © 2020 Accenture. All rights reserved. TREND 01: DIGITAL INVESTMENTS OUR ANALYSIS 8 Oil companies continue to invest in digital so they can remain competitive as the energy transition progresses and leading companies continue to move to sustainable business models. Digital continues to be a significant annual investment for upstream companies as they fear losing competitive advantage. Accenture believes that digital investments are key to unlocking business value but they should be structured toward achieving more transformational changes that will position the company to move beyond proofs of concept. As the oil industry’s purpose and license to operate challenges increase, digital can enable oil companies to preserve their license to operate, for example, through greater transparency, enhanced safety measures, and environmental actions such as emissions tracking. In addition, we are seeing leading upstream companies invest in digital as an enabler to help with the energy transition and create more sustainable future business models.
  • 9. Copyright © 2020 Accenture. All rights reserved. 9 TREND 02 Cybersecurity leads digital investments today and is the technology of greatest impact— whereas big data/analytics, especially artificial intelligence, will take the lead tomorrow.
  • 10. Copyright © 2020 Accenture. All rights reserved. +7% Which of the digital solutions are driving the greatest impact on business performance? TECHNOLOGIES DRIVING IMPACT 10 Global (N=255). Responses do not add up to 100%. Top five responses shown only. The digital technologies driving the greatest impact on business performance in 2019 were: • Cybersecurity • Cloud • Big data/analytics Cybersecurity had the largest increase (7%) in response to the increased cyber threats to the oil and gas industry. The impact artificial intelligence (AI) is having on business performance is increasing significantly. It has more than doubled in 2019 from the last survey period. This is consistent with the industry expectation that AI will be driving future value. TREND 02: TODAY’S INVESTMENTS Cybersecurity Cloud Big data/analytics Artificial intelligence/ machine learning Internet of Things 13% 15% 12% 15% 9% 4% 6% 10% 16% +5% 9% 2019 2017
  • 11. Copyright © 2020 Accenture. All rights reserved. TREND 02: TODAY’S INVESTMENTS Which digital technologies is your organization investing in today and over the next 3-5 years? 53% 46% 44% 40% 39% 37% 74% In 2019, cybersecurity was the number one investment focus with 61% (a 49% increase) of survey respondents indicating they were investing in cybersecurity technologies for prevention and detection of threats. CybersecurityMobile/wearable technologies Internet of Things Big data/ analytics Artificial intelligence/ machine learning INVESTMENTS TODAY 2019 2017 INVESTMENTS IN 3-5 YEARS 43% 51% 30% 46% 43% 41% 38% 53% 35% 24% Mobile/wearable technologies Big data/ analytics Internet of Things CloudCybersecurity TECHNOLOGIES IN FOCUS Global (N=255). Responses do not add up to 100%. Top five responses shown only. And looking ahead—in the next 3-5 years—more than 50% of respondents place artificial intelligence and big data/ analytics at the top of the investment list. 50% +49% 12% 61% 11
  • 12. Copyright © 2020 Accenture. All rights reserved. TREND 02: TODAY’S INVESTMENTS The focus on cyber resilience continues and is, in fact, sharply increasing as oil companies protect their assets and reputation. Cybersecurity is now a boardroom- level concern and watched closely by governments, stakeholders, and consumers. Cloud technologies continue to be a focus as they are a foundation for upstream companies for value creation from other digital technologies. As more operational data and services are hosted in the cloud, it is becoming multi-layered, more complex and much more important to the upstream business (as well as improving operational security generally). Big data/analytics and artificial intelligence/machine learning are having a positive impact on business performance. The focus is shifting more to artificial intelligence and machine learning as oil companies look to unlock the promise of these rapidly maturing technologies to help them make much better decisions on areas such as drilling, more predictive maintenance and optimized production. OUR ANALYSIS 12 Oil companies see cybersecurity, cloud and big data/analytics driving the most business impact today, and artificial intelligence/ machine learning driving more value tomorrow.
  • 13. Copyright © 2020 Accenture. All rights reserved. 13 TREND 03 Digital helps optimize core businesses today and is expected to help drive faster and better decisions tomorrow.
  • 14. Copyright © 2020 Accenture. All rights reserved. 14 What business challenges do you believe digital can help address? For the 2019 and 2017 surveys, the business challenge that respondents felt digital can best help with is cost reduction. In 2019, the percentage grew to 42%—with respondents indicating they can use digital primarily to become more operationally efficient. Concerns about improved capabilities have grown (15%) along with those around skills shortages (11%) TREND 03: AGILITY COST REDUCTION TODAY Global (N=255). Responses do not add up to 100%. Top five responses shown only. 2019 2017 Innovation and research and developmentCost reduction Need for improved capabilities Skills shortages 6% 42% 34% 11% 11% 7% 7% 7% 7% 15% Race for operational effectiveness
  • 15. Copyright © 2020 Accenture. All rights reserved. 15 Survey respondents indicate digital solutions can make them into more agile upstream companies. They cite the enablement of more rapid decision making (31%), faster time to first oil and gas (23%), and reducing risk in decision making (16%). Global (N=255). Responses do not add up to 100%. Top four responses shown only. TREND 03: AGILITY FASTER, BETTER DECISIONS TOMORROW Faster time to first oil and gas Better asset management 31% 30% 23% 19% 16% 12% 15% 15% Reduced risk due to real-time decision support What are the top three areas you believe digital can benefit your organization? 2019 2017 Faster and better decisions
  • 16. Copyright © 2020 Accenture. All rights reserved. 16 As oil companies move to become more agile and nimble as they respond to the market pressures, many see the need to develop new digital capabilities and operating models. Most important is the development of digital skills (44%), followed by defining new roles for digital (39%). Next, a third of respondents indicated they are improving collaboration between IT and the business as their businesses become more digitally driven. Many are doing this through new combined digital operating models. Global (N=255). Responses do not add up to 100%. Top three responses shown only. Is your organization making any of the following changes to position digital to deliver value in your upstream business? TREND 03: AGILITY NEW DIGITAL SKILLS AND OPERATING MODELS Developing key digital skills and capabilities Defining digital roles and responsibilities to support digital initiatives Collaboration between IT/digital and the business 44% 39% 34%
  • 17. Copyright © 2020 Accenture. All rights reserved. OUR ANALYSIS TREND 03: AGILITY Today, most oil companies are still looking to digital to help them reduce costs and make their operations more efficient—optimizing their core upstream business as they strive to become as lean as possible to compete in a challenging environment. Oil companies are expecting that analytics and machine learning will help them drive better and faster decisions and bring new oil and gas production online more rapidly. To be able to unlock value, many recognize that they will need to develop more digital skills and capabilities and bring the business and IT closer together. 17 Digital is helping oil companies reduce costs and make faster and better decisions, but there is the need to develop skills and reorganize in order to unlock this value.
  • 18. Copyright © 2020 Accenture. All rights reserved. 18 TREND 04 Full value from digital is not being realized due to challenges with scaling.
  • 19. Copyright © 2020 Accenture. All rights reserved. 19 Scaling digital proofs of concept (POCs) remains a challenge and it is needed to realize the real value from digital investments. Only 9% of respondents said their companies have developed and scaled more than half of POCs while 36% reported developing and scaling 1-10% of their POCs. Global (N=255). Responses add up to 100%. All responses shown. TREND 04: SCALING DIGITAL SCALING DIGITAL BEYOND PILOTS Percentage of POCs Developed and Scaled 11%-20% 1%-5% Don’t know None 21%-50% > 50% 21% 17% 15% 14% 13% 11% 9% 6%-10% PercentageofRespondents Over the last 2 years, what percentage of digital proofs of concept have been developed and scaled in the department/division you lead?
  • 20. Copyright © 2020 Accenture. All rights reserved. 20 Global (N=255). Responses do not add up to 100%. Top four responses shown only. TREND 04: SCALING DIGITAL Significant–Over $100 million in total value 12% Low–Less than $5 million in total value High–Over $50 million in total value Average–Over $5 million in total value 5% 13% 15% 20% 20% 22% 16% Upstream oil companies are not fully translating digital investment into value. The percentage of respondents that felt digital was adding significant value (i.e., over $100 million in value) decreased by 7% in 2019 compared to 2017. In 2019 a higher number of respondents (20%) felt that the value they were seeing from digital was less than $5 million in total. VALUE REMAINS TRAPPED Can you quantify in terms of value, how much digital is adding to your business today? 2019 2017
  • 21. Copyright © 2020 Accenture. All rights reserved. BARRIERS TO ACHIEVING VALUE 21 Global (N=255). Responses do not add up to 100%. Top three responses shown only. TREND 04: SCALING DIGITAL The lack of a clear digital strategy (34%) remains the most significant challenge in 2019 as companies try to shift digital practices from IT into the business. Other barriers identified include trust in data, security, and lack of internal ownership. Lack of a clear strategy and business case Trust and data security concerns Lack of internal ownership 26% 34% 10% 9% 8%8% What are the biggest barriers to achieving more value from digital? 2019 2017
  • 22. Copyright © 2020 Accenture. All rights reserved. TREND 04: SCALING DIGITAL OUR ANALYSIS Upstream companies are not realizing the value of their digital investments not because of lack of good ideas or lack of POCs. The issue is that oil companies are not able to scale their digital solutions due to a lack of clearly articulated strategy and lack of base capabilities needed to scale. Accenture believes companies need to define the “true north” or their strategy for digital transformation and then set up a “base camp” of key capabilities to make it happen. This would involve creating an operating model supported by new digital capabilities and skills, innovation to scale processes, digital platforms, and ecosystem partners. With this foundation, they will be able to learn quickly and then take the best digital ideas and scale them to unlock real business value. 22 To unlock the value of digital, oil companies should define their “true north” and then develop a “base camp” of key capabilities needed to scale.
  • 23. Copyright © 2020 Accenture. All rights reserved. 23 TREND 05 External skills and partnerships are key to unlocking the value of digital.
  • 24. Copyright © 2020 Accenture. All rights reserved. 24 How does your organization plan to carry out any new investment in digital in the upstream? The majority of upstream companies felt that they needed external skills and capabilities to scale digital to transform their companies. Nearly 60% stated they would look to external providers for assistance. This list of external providers includes technology platform providers, niche vendors, and large IT service providers—as well as the general category of “outsourced,” and the current incumbent the company is using. Only slightly over a quarter (27%) of respondents plan to carry out new digital investments using in-house resources. TREND 05: PARTNERSHIPS ACCELERATING DIGITAL TRANSFORMATION 27% In-house A cumulative total of 60% stated they would look to external providers for assistance. 13% Don’t know Global (N=255). Responses add up to 100%. All responses shown.
  • 25. Copyright © 2020 Accenture. All rights reserved. TREND 05: PARTNERSHIPS INCENTIVES FOR GETTING EXTERNAL SUPPORT 25 What has been the main incentive for your organization to enter into strategic partnerships? Global (N=255). Responses add up to 100%. All responses shown. Upstream companies recognize that external strategic partnerships can accelerate change and bring greater value. Faster access to technology and innovation (31%) and better business margins (24%) are the top reasons for forming such partnerships. “Other” incentives cited included access to new talent, new technology, new geographies, and new customers. 24% Better business margins 31% Faster access to technology/digital innovation 13% Access to new customers 32% Other
  • 26. Copyright © 2020 Accenture. All rights reserved. TREND 05: PARTNERSHIPS OUR ANALYSIS 26 Oil and gas companies are realizing that they do not have all of the skills needed to unlock the value that digital can create. They are starting to leverage more skills and capabilities from the external ecosystem and, in some cases, with start-ups and boutique organizations. We believe that upstream companies need to not only change who they work with, but also how they work with these companies to tap into the broad external ecosystem of partners for innovation, co-creation and co-development needed for digital transformation. No single company has the breadth of skills required to unlock the full value that digital can provide, and we believe that new inter-company partnership models and new ways of collaboration across ecosystems are required. In order to scale and realize the value, oil companies will need to get comfortable with these new models and ways of working. Oil companies need to work in new collaboration models with external ecosystems to gain access to the skills, technologies and innovation needed to scale digital and unlock value from their digital investments.
  • 27. Copyright © 2020 Accenture. All rights reserved. 27 KEY TAKEAWAYS FROM THE SURVEY: CONCLUSION The search for value from digital investments continues. • Oil companies continue to invest in digital so they can remain competitive as the energy transition progresses and leading companies continue to move to sustainable business models. • Oil companies see cybersecurity, cloud and big data/analytics driving the most business impact today, and artificial intelligence/machine learning driving more value tomorrow. • Digital is helping oil companies reduce costs and make faster and better decisions, but there is the need to develop skills and reorganize in order to unlock this value. • To unlock the value of digital, oil companies should define their “true north” and then develop a “base camp” of key capabilities needed to scale. • Oil companies need to work in new collaboration models with external ecosystems to gain access to the skills, technologies and innovation needed to scale digital and unlock value from their digital investments. Copyright © 2020 Accenture. All rights reserved.
  • 28. Copyright © 2020 Accenture. All rights reserved. CONTACT US TO LEARN MORE RICHARD HOLSMAN Managing Director, Accenture Consulting Digital Lead for Accenture’s Chemicals, Oil and Gas, Metals and Mining, and Utilities Industries richard.holsman@accenture.com 28
  • 29. LEARN MORE Visit www.accenture.com/upstreamsurvey2019 The Accenture Upstream Oil and Gas Digital Trends Survey 2019 was conducted online by PennEnergy Research in partnership with the Oil & Gas Journal. The survey included 255 respondents from 47 countries. Respondents included C-level executives, vice presidents, business unit leads, mid-level management, information technology professionals, engineers and project managers from a cross section of national oil companies, international oil companies, independent oil companies and oilfield services companies. The final results and analysis were supported by Accenture Research. ABOUT ACCENTURE Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions—underpinned by the world’s largest delivery network—Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 505,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com. This document is produced by consultants at Accenture as general guidance. It is not intended to provide specific advice on your circumstances. If you require advice or further details on any matters referred to, please contact your Accenture representative. This document makes reference to marks owned by third parties. All such third-party marks are the property of their respective owners. No sponsorship, endorsement or approval of this content by the owners of such marks is intended, expressed or implied. FOLLOW US Copyright © 2020 Accenture. All rights reserved. Accenture, its logo, and New Applied Now are trademarks of Accenture. @AccentureEnergy #digitalenergy Follow us on LinkedIn Explore our Energy Blog