ISG to Assess Providers of Oil and Gas Industry Services
03 Julho 2024 - 11:00AM
Business Wire
Upcoming ISG Provider Lens™ study will
evaluate services and solutions providers helping oil and gas
companies achieve digital innovation and operational
efficiency
Information Services Group (ISG) (Nasdaq: III), a leading global
technology research and advisory firm, has launched a research
study examining services and solutions providers helping oil and
gas companies digitally transform to improve operational efficiency
and prepare for future energy needs.
The study results will be published in a comprehensive series of
ISG Provider Lens™ reports, called Oil and Gas Industry — Services
and Solutions, scheduled to be released in December. Two regional
reports – one covering the North America market and the other
Europe – will evaluate services including enterprise asset
management, next-gen information technology and operational
technology (IT/OT) services, data management and cloud computing,
and energy transition services.
Enterprise buyers will be able to use information from the
report to evaluate their current vendor relationships, potential
new engagements and available offerings, while ISG advisors use the
information to recommend providers to the firm’s buy-side
clients.
Technological advancements continue to play a transformative
role in the oil and gas industry. Increasing demand for IoT, data
analytics and AI, especially generative AI (GenAI), is expected in
the next two years. These technologies are poised to optimize
production processes, improve equipment maintenance through
predictive analytics and enable remote monitoring for increased
safety and efficiency.
Oil and gas companies are also seeking technology solutions to
support decarbonization strategies and energy transition.
Governments are enacting stricter regulations to combat climate
change, with policies such as the U.S. Inflation Reduction Act and
the proposed European Net-Zero Industry Act driving companies to
reduce emissions. Such regulations necessitate a shift in capital
allocation, with investments flowing toward clean and green
processes such as carbon capture and storage, hydrogen production
and renewable energy integration.
In addition, geopolitical events are altering global energy
trade patterns. The impact of factors such as the Russia–Ukraine
war on energy security and potential realignments in trade routes
still remain a challenge for the industry.
“The oil and gas industry is facing a highly complex
environment,” said Iain Fisher, director of ISG Provider Lens
Research. “While fossil fuels remain a significant energy source,
the winds of change are undeniable. Geopolitical tensions, the
ongoing push for energy security and the relentless march toward a
low-carbon future are all shaping the industry landscape.”
For the study, ISG has distributed surveys to 37 providers of
oil and gas industry services and solutions. Working in
collaboration with ISG’s global advisors, the research team will
produce four quadrants representing the services and solutions the
typical oil and gas company is buying based on ISG’s experience
working with its clients. The four quadrants are:
- Enterprise Asset Management, evaluating services and
solutions providers that help oil and gas companies optimize the
performance and utilization of assets throughout their lifecycle,
increase production uptime and reduce operational costs.
- Next-Gen IT/OT Services, covering service providers that
help clients in the oil and gas industry increase efficiency,
ensure compliance and minimize overall costs, with offerings
including infrastructure services, application development and
maintenance (ADM), IoT-based solutions, cybersecurity, remote
monitoring, digital twins and more.
- Data Management and Cloud Computing, covering providers
of cloud data and process management, storage, application and
master data management services to the oil and gas industry,
enabling centralization of data and processes and transition from
legacy systems.
- Energy Transition Services, evaluating providers
offering services helping oil and gas companies achieve net-zero
carbon transition targets, implement energy efficiency initiatives,
and drive new business models for the evolving energy
ecosystem.
Geographically focused reports from the study will cover the
global oil and gas technology market and examine products and
services available in North America and Europe. ISG analysts Harish
B (North America) and Mohd Aves Malik (Europe) will serve as
authors of the reports.
A list of identified providers and vendors and further details
on the study are available in this digital brochure. Companies not
listed as oil and gas service and solution providers can contact
ISG and ask to be included in the study.
All 2024 ISG Provider Lens™ evaluations feature expanded
customer experience (CX) data that measures actual enterprise
experience with specific provider services and solutions, based on
ISG’s continuous CX research. Enterprise customers wishing to share
their experience about a specific provider or vendor are encouraged
to register here to receive a personalized survey URL. Participants
will receive a copy of this report in return for their
feedback.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only
service provider evaluation of its kind to combine empirical,
data-driven research and market analysis with the real-world
experience and observations of ISG's global advisory team.
Enterprises will find a wealth of detailed data and market analysis
to help guide their selection of appropriate sourcing partners,
while ISG advisors use the reports to validate their own market
knowledge and make recommendations to ISG's enterprise clients. The
research currently covers providers offering their services
globally, across Europe, as well as in the U.S., Canada, Mexico,
Brazil, the U.K., France, Benelux, Germany, Switzerland, the
Nordics, Australia and Singapore/Malaysia, with additional markets
to be added in the future. For more information about ISG Provider
Lens research, please visit this webpage.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 900 clients, including more than 75 of the
world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including AI and automation, cloud and data analytics; sourcing
advisory; managed governance and risk services; network carrier
services; strategy and operations design; change management; market
intelligence and technology research and analysis. Founded in 2006,
and based in Stamford, Conn., ISG employs 1,600 digital-ready
professionals operating in more than 20 countries—a global team
known for its innovative thinking, market influence, deep industry
and technology expertise, and world-class research and analytical
capabilities based on the industry’s most comprehensive marketplace
data. For more information, visit www.isg-one.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240703568204/en/
Press Contacts: Will Thoretz, ISG +1 203 517 3119
will.thoretz@isg-one.com Julianna Sheridan, Matter Communications
for ISG +1 978-518-4520 isg@matternow.com
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