Posts Tagged ‘Accenture’

postheadericon Upstream oil and gas companies spend smarter on digital technologies to drive value, reduce costs in downturn, Accenture and Microsoft survey finds

HOUSTON — March 9, 2016 — As upstream oil and gas companies scrutinize every dollar invested, they’re spending smarter today on digital technologies, seeking to drive value and reduce costs amid low oil and gas prices, a new survey by Accenture (NYSE: ACN) and Microsoft Corp. (NASDAQ: MSFT) reports. Respondents to the 2016 Upstream Oil and Gas Digital Trends Survey” included international oil companies (IOCs), national oil companies (NOCs), independents and oilfield services firms.

Over the next three to five years, 80 percent of upstream oil and gas companies plan to spend the same, more, or significantly more (30%, 36%, and 14%, respectively) on digital technologies as they do now, according to the survey, now in its fifth edition. This continued investment in digital is due to respondents’ confidence that digital technologies can continue to help them drive leaner, smarter organizations.

More than half (53 percent) of respondents said digital is already adding high to significant value to their businesses. Cost reduction was identified as the biggest challenge that digital technologies can most address today, respondents said. In addition, respondents reported that making faster and better decisions was the greatest benefit digital technologies can deliver (56 percent) and that one of the biggest barriers to realizing value is the lack of a clear strategy or business case, not the technology itself. Today’s digital investments focus more on mobility, with almost three-fifths of respondents (57 percent) reporting having invested in mobile, compared to 49 percent of the respondents in last year’s survey. Next is investing in the Internet of Things (IoT) (44 percent) this year vs. 25 percent in 2015 and the cloud (38 percent), up 8 percent from last year. Over the next three to five years, these investments are expected to shift more to big data and analytics (38 percent), IoT (36 percent) and mobile (31 percent). “In the current challenging environment, the upstream oil and gas industry is focusing digital technologies on areas that help them work smarter and deliver significant efficiencies and savings in the short term while enabling them to make better decisions faster,” said Rich Holsman, global head of Digital in Accenture’s Energy industry group. “So, in the short term we expect these companies will continue to invest in areas that help lower operations costs through technologies like increased worker productivity with mobility, lower infrastructure costs through the cloud and drive better asset management through analytics.” Respondents said digital’s biggest impact to date on the upstream oil and gas workforce has been increased employee productivity and engagement followed by better training and reskilling opportunities. They see the greatest impact from IoT in enabling connected field workers, with 60 percent of respondents planning to have field workers and assets digitally connected with smart devices.

The use of the cloud, respondents said, has shifted from being used primarily for infrastructure to an enabler of mobile tools. This trend is expected to increase in the next three to five years, as companies keep using the cloud to get faster and more value from other digital technologies.

“By taking advantage of the intelligent cloud, greater use of analytics and IoT go hand in hand with what we are seeing in our business today — the advent of the industrial Internet enabling the power of digital across the oil and gas landscape,” said Craig Hodges, general manager of the Gulf Coast District at Microsoft. “You can see this trend gaining traction from connected wells and intelligent pipelines to highly- efficient digital refineries.” While two thirds (66 percent) identified analytics as one of the most important capabilities for transforming their company, only 13 percent felt their firm’s analytical capabilities were mature. Almost two-thirds (65 percent) plan to implement more analytic capabilities in the next three years to help address this need. The “2016 Upstream Oil and Gas Digital and Technology Trends Survey,” sponsored by Accenture and Microsoft and conducted by PennEnergy Research in partnership with the Oil & Gas Journal, surveyed upstream professionals worldwide, including engineers, geologists and mid-level and executive management.

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 approximately 373,000 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. Accenture Digital, comprised of Accenture Analytics, Accenture Interactive and Accenture Mobility, offers a comprehensive portfolio of business and technology services across digital marketing, mobility and analytics. Learn more about Accenture Digital at www.accenture.com/digital.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.

 

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postheadericon Oil and gas industry investment in digital technologies shows resilience in oil price downturn, Accenture and Microsoft survey reports

HOUSTON; Apr. 22, 2015 – Despite current lower crude oil prices, most companies in the oil and gas industry plan to invest the same amount or more in digital technologies, according to a new survey by Accenture (NYSE: ACN) and Microsoft Corp. released today at the Microsoft Global Energy Forum 2015. Survey respondents included international oil companies (IOCs), national oil companies (NOCs), independents and oilfield services firms.

In the near term during the current low crude price cycle, approximately three out of five respondents said they plan to invest the same amount (32 percent) or more or significantly more (25 percent) in digital technologies.

Over the next three to five years, approximately 80 percent of the oil and gas industry professionals surveyed said they plan to invest the same amount (18 percent), more (44 percent) or significantly more (18 percent) in digital. Respondents from IOCs and NOCs were the most bullish in the same time period.

Mobility, infrastructure and collaboration technologies currently represent the biggest investment areas across the oil and gas industry. Over the next three to five years, investments are expected to increase in big data and the Industrial Internet of Things (IIoT) and automation.

The key for continued digital investment in the upstream sector is improving operational efficiency, rather than simply reducing cost, as faster, more informed decision making and a more efficient workforce were seen as the key areas where digital technologies are adding value and creating business efficiencies. However, to get the most value from digital technologies, oil and gas industry leaders say they need to overcome several barriers, with workflows and processes that create bottlenecks and physical and cybersecurity issues topping the list.

Approximately 89 percent noted that leveraging more analytics capabilities would add more business value, 90 percent felt more mobile technologies in the field would increase value, and 86 percent said that leveraging more IIoT and automation would boost value. Collaboration technologies were highlighted as an area that could be increasingly used in upstream to create a more efficient workforce and to make faster decisions.

“Oil and gas industry leaders continue to look to digital technologies as a way to address some of the key challenges the industry faces today in this lower crude oil price cycle,” said Rich Holsman, global head of digital in Accenture’s energy industry group. “Making the most of big data, IIoT and automation are indeed the next big opportunities for energy and oilfield services companies, and many are already starting work in these areas. They are increasing investments in enabling people and assets, with a growing emphasis on developing data supply chains to support analytics projects that can improve efficiencies, manage cost and provide a competitive edge. Our survey tells us that companies who do not continue to invest in digital technologies risk being left behind.”

“Mobility and other digital technologies are gaining traction as oil and gas players learn to use these technologies to make faster and better decisions from the field to the front office,” said Craig Hodges, general manager of the Gulf Coast District at Microsoft. “Predictive capabilities to optimize maintenance and maximize production can create value, and digital technologies also support better use of scarce resources and talent, management of more complex work, cost reduction efforts and innovation to remain competitive and continue operating safely.”

The Microsoft and Accenture “Oil and Gas Digital and Technology Trends Survey 2015,” conducted by PennEnergy Research in partnership with the Oil & Gas Journal, surveyed industry professionals worldwide, including engineers, geologists and mid-level and executive management from the upstream, midstream and downstream segments.

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with more than 323,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$ 30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.

Accenture Digital, comprised of Accenture Analytics, Accenture Interactive and Accenture Mobility, offers a comprehensive portfolio of business and technology services across digital marketing, mobility and analytics. Learn more about Accenture Digital at www.accenture.com/digital.

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services, devices and solutions that help people and businesses realize their full potential.

 

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postheadericon Accenture and Microsoft launch new hybrid cloud platform to accelerate enterprise-wide adoption

Editor’s Note: Updates to this press release were made post-publication to clarify details about the Accenture Hybrid Cloud Solution for Microsoft Azure being piloted at Freeport-McMoRan.

NEW YORK and REDMOND, WA – Accenture and Microsoft Corp. have expanded their long-standing strategic alliance with the introduction of the Accenture Hybrid Cloud Solution for Microsoft Azure, a powerful hybrid cloud platform designed to bring new capabilities, economics and innovation to the enterprise. Working with Avanade, the companies are co-funding and co-engineering this platform with new hybrid cloud technologies and services to help enterprises build and manage enterprise-wide cloud infrastructure and applications.

“Our expanded relationship with Microsoft represents a game-changing proposition that addresses the biggest concerns and complexities our clients face as they look to leverage the cloud,” said Pierre Nanterme, chairman and CEO, Accenture. “With new demands being placed on IT departments every day, enterprises need to smartly connect their infrastructure, software applications, data and operations capabilities in order to become agile, intelligent, digital businesses. This unique collaboration with Microsoft and Avanade is one of Accenture’s most strategic and important initiatives for driving enterprise-wide cloud adoption.”

“Enterprises around the globe are looking for the right platforms and partners to help them transform and thrive in a mobile-first, cloud-first world,” said Satya Nadella, CEO, Microsoft. “The Microsoft cloud, combined with Accenture’s industry knowledge and implementation expertise, accelerates our customers’ cloud adoption and unlocks new benefits, including powerful new applications, data-driven insights and increased productivity.”

This agreement is the most far-reaching collaboration between Accenture and Microsoft since the 2000 joint venture to launch Avanade, a leading Microsoft solution provider with more than 22,000 employees and US $ 2 billion in global sales.

The Accenture Hybrid Cloud Solution for Microsoft Azure delivers new technologies to migrate and manage applications between private and public clouds in a controlled, seamless and automated way – on demand, at speed and from a single console. The solution integrates and builds on key capabilities from the three companies to help enterprises deliver “everything as a service,” including:

  • The Microsoft cloud platform of Microsoft Azure providing enterprise performance, hyper-scale and hybrid capabilities connected to Windows Server with Hyper-V, System Center and Azure Pack running in customer data centers.
  • The Accenture Cloud Platform which supports multi-platform environments with self-service provisioning for any application. Its central dashboard controls cloud brokerage and management capabilities, and provides the enterprise-grade governance, reliability, security and operations enterprise clients expect.
  • An end-to-end spectrum of professional services to help clients define and execute against their cloud goals, based on Accenture’s specialized industry knowledge and proven business transformation experience — from strategy and transformation to migration, deployment and managed services.
  • Avanade’s deep bench of skilled professionals equipped with broad expertise in Microsoft technologies and a laser focus on unlocking business value in the enterprise.

One example of how the Accenture Hybrid Cloud Solution-Microsoft is being piloted is at Freeport-McMoRan, one of the largest international natural resource companies. The company is leveraging the solution to prototype a new Industrial Internet of Things (IIoT) platform to improve mining operations by securely connecting, managing and capturing machine-generated data from the trucks, drills and other assets in the mine. The resulting platform will provide operations supervisors with a role-based mobile dashboard to analyze and react to near real-time situations in the mine. This capability will enable supervisors to take immediate action on items that impact mine production, which ultimately drives revenue.

“As our business makes the transformation to digital mining, we are looking to capture the benefits of hybrid cloud and engaged Accenture and Microsoft to explore how we can accelerate our journey,” said Bertrand (Bert) Odinet, VP and CIO, Freeport-McMoRan.

For more information, visit www.accenture.com/hybridcloud

About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with more than 305,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$ 30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services, devices and solutions that help people and businesses realize their full potential.

About Avanade

Avanade helps customers realize results in a digital world through business technology solutions, cloud and managed services that combine insight, innovation and expertise focused on Microsoft technologies. Our people have helped thousands of organizations in all industries improve business agility, employee productivity and customer loyalty. Avanade combines the collective business, technical and industry expertise of its worldwide network of experts with the rigor of an industrialized delivery model to provide high quality solutions using proven and emerging technologies with flexible deployment models–on premises, cloud-based or outsourced. Avanade, which is majority owned by Accenture, was founded in 2000 by Accenture LLP and Microsoft Corporation and has 22,000 professionals in more than 20 countries. Additional information can be found at www.avanade.com.

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