Posts Tagged ‘survey’

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 Survey: young people overwhelmingly in favor of biometric security

A survey by Visa Europe has found that the majority of those aged 16 to 24 would feel extremely comfortable with biometric security measures.

The post Survey: young people overwhelmingly in favor of biometric security appeared first on We Live Security.


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postheadericon Microsoft releases global survey revealing widespread belief in developing and developed nations that personal technology is transforming lives for the better

DAVOS, Switzerland — Jan. 24, 2014 — A new global survey of Internet users conducted by Microsoft Corp. reveals distinct regional findings and differing viewpoints between the developed and developing world. However, overwhelmingly the more than 10,000 people surveyed from 10 nations said they embrace personal technology, particularly in emerging markets, and see it as the foundation of innovation and economic empowerment.

Microsoft unveiled the results of its new survey today at the World Economic Forum in Davos, Switzerland, in the report titled, “Views from Around the Globe: How Personal Technology is Changing Our Lives.”

Mark Penn, Microsoft Executive Vice President of Advertising and Strategy, presented the poll’s findings followed by a panel discussion moderated by award-winning journalist and author Maria Bartiromo. The panel included Marc R. Benioff, chairman and CEO, Salesforce.com; Maurice Lévy, chairman and CEO, Publicis Group; Bill McDermott, co-CEO, SAP; Alan Murray, president, Pew Research Center; and former U.S. Treasury Secretary and current Charles W. Elliot university professor, Harvard University, Lawrence H. Summers.

“Whether you live in a world capital or a remote village, personal technology is seen as empowering and as a vehicle to individual economic growth,” Penn said. “Despite varying rates of personal technology adoption and cultural differences, there is an overwhelming sense globally that improvements are being experienced across the board.”

Among the key findings of the study are these:

• A majority of the people surveyed around the world believe that personal technology has the most positive impact on innovation in business and empowering people to start a new business.

• People surveyed in developing countries — especially Brazil, Russia, India and China — believe that personal technology is creating job opportunities and helping bridge economic gaps.

• People in China say that personal technology has positively impacted personal freedom more than people in any other country surveyed.

• Those in developing countries — especially India — say that personal technology is improving education, health and healthcare.

• In Brazil, people say that personal technology had a strong impact on arts and culture.

• In China and India, they say their quality of life has improved due to personal technology.

Although personal technology was seen overwhelmingly as a positive force in both developed and developing countries, there were concerns that focused on personal safety and security, family bonds, and, most significantly, privacy. Interestingly, the survey found that the developing countries are more willing to trade privacy for security. Despite privacy concerns, however, nearly three-quarters of parents around the world want their children to have more, not less, access to personal technology. This is particularly true in developing countries, where parents are especially supportive of increased access to technology. Opinions are mixed in developed countries, where more parents feel there should be limits to technology access.

About the poll

The Microsoft poll was conducted between Dec. 26, 2013, and Jan. 3, 2014, and surveyed 10,009 Internet users in the United States, France, Brazil, Russia, China, India, Japan, Germany, Mexico and Turkey. The results were then weighted based on the size of the Internet populations in each of the 10 countries. The full survey findings and comprehensive analysis of the poll can be found at http://blogs.technet.com/b/microsoft_blog/archive/2014/01/23/personal-technology-is-changing-lives-around-the-world-what-we-learned-from-talking-to-10-000-people-in-10-countries.aspx.

About Microsoft

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

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://www.microsoft.com/news. Web links, telephone numbers and titles were correct at time of publication, but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://www.microsoft.com/news/contactpr.mspx.

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