The Latest Data and Cloud Trends for the Oil & Gas Industry
The Oil & Gas industry plays a major role in the energy market and continues to influence the global economy as it produces the world’s primary fuel.
As a global leader in sourcing advised transactions, ISG has a proven track record supporting the largest global oil and gas companies, with over 150 engagements under our belt in just the last 5 years. We provide experienced advisors who give actionable advice to drive efficiency and tie outcomes to business value.
We're the market leader in terms of number and value of IT sourcing transactions completed. This has enabled us to assemble a comprehensive and unique set of data, analytics and market intelligence over 30+ years of data collection and analysis. Our data covers not only quantitative metrics like rates and pricing, but also qualitative views on personnel productivity, contract SLAs, contract lengths, service quality, as well as the sourcing trends shaking up the industry. All of this gives us unmatched insight into operational, financial and commercial best practices. We make these insights actionable by setting up a custom dashboard that compares your contracts with best practices, and give recommendations on the supporting KPIs and SLAs that drive business value, customer experience and performance. Talk to us about how we can help you get more value out of your partner ecosystem and technology investments today.
ISG's full research report on the oil and gas industry is 60+ pages, and gives a thorough comparison of needs, trends and providers in the industry. To access the full report and a complimentary briefing on it, contact us!
ISG is a leader in proprietary research, advisory consulting and executive event services focused on market trends and disruptive technologies.
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Learn MoreThe North American O&G (oil and gas) services industry is undergoing significant transformation, driven by various factors, including technological advancements, shifting energy demands, environmental regulations and geopolitical events. This dynamic landscape is characterized by a growing focus on efficiency, sustainability and innovations as service providers seek to adapt to the industry’s evolving needs.
The power and utilities industry is witnessing a transition from traditional energy sources to cleaner alternatives such as wind and solar energy, leading to an increase in new asset types to deploy, connect and manage. Additionally, there has been a rise in distributed energy resources (DERs), leading to disruptions in energy production patterns. Moreover, as the industry increasingly adds renewable energy sources such as solar and wind to its energy mix, their integration into the grid continues to be a challenge. Global supply shortage due to the war in Ukraine has led to an increase in natural gas prices, making the purchase or production of power expensive.
The chemical industry encompasses the transformation of various raw materials into a diverse array of products. Chemical products are used in almost all branches of industry and are highly crucial in a few, such as pharmaceutical and automotive. The chemical industry is complex and vital to the economies worldwide. The global chemical industry is amid a challenging year as geopolitical volatility, commodity price fluctuations and overall demand and supply chain issues plague the entire value chain.
Embracing a cloud-based ERP application may be the single most important move you can make to springboard your organization into true digital transformation.