Gartner Research

Maximizing IT's Impact on Digital Innovation in Upstream Oil and Gas Companies

Published: 28 May 2015

ID: G00274049

Analyst(s): Rich McAvey

Summary

Upstream companies are turning to digital technologies to creatively discover new ways to find/produce more hydrocarbons at lower capital/operating costs with greater safety and lower risk. As they do, expectations are increasing for CIOs to elevate IT's participation in agile innovation projects.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • Low and volatile oil prices have led CIOs to make digital innovation a top priority to drive efficiency, productivity and agility
  • Because the normal culture of upstream companies typically produces complex and fragmented workflows, CIOs are struggling to implement digital innovations based on data integration and work simplification
  • Observing huge impacts from digital innovation outside the oil and gas industry has led business leaders to have high expectations for future digital progress from their CIOs

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