Companies Greater gains Wider digital Most oil Oil companies

recognize need analytics benefits are companies are fear becoming

power of digital maturity. constrained by not taking noncompetitive
yet struggle to organizational advantage of in the digital
realize value. issues. digital to resolve race.
workforce
issues.

DRILL In 3-5 years, over 70% of

respondents plan to
Respondents report greater maturity
in analytics than in other digital
By its very nature, digital requires
innovation and a culture of trying new
Cost pressures and staff reductions
mean achieving more with less.
Successful digital businesses pioneered
by early movers are extremely difficult to

DEEPER
invest “more” or technologies... things and taking risks. unseat, even after substantial investments

>60%
“significantly more.” by competitors.

>50%
70.0%

INTO 40%
TO ACHIEVE GREATER GAINS,
CULTURAL CHANGE WILL BE VITAL.
>60% report having lost some of their
… YET COMPANIES STRUGGLING

DIGITAL
… yet >50% are still trying to implement workforce in the past year.
TO REALIZE VALUE. big data storage. Comparing 2017 findings to those in Nearly 40% of respondents are worried

49.6%
prior surveys, digital’s ability to cut about the risk of being left behind peers if

70%
Big data/ analytics
46.0% rises from being the
2017 Upstream Oil and 42.9% No. 3 investment area
today to the No. 1
Gas Digital Trends Most struggle to achieve gains, investment area
Survey: Key Findings despite over 70% expecting to see tomorrow.
fully digital oil fields within 5 years. Investing today
Investing over the
next 3-5 years
costs is waning in importance as they do not continue to invest in digital.
companies turn to:
Nearly half (49.6%) say the top impact
Respondents recognize digital helps their
of digital is to boost productivity.
companies address vital challenges:
Faster
decision making Digital is being used to upskill workforces
and leverage contingent labor.

$50Million
Big data / analytics
> Sixth annual survey Cost
reduction
Capability
and skills
Health,
safety and
General
operational
of digital trends Greater maturity is needed as Shorter time frames Majority of
respondents sense
improvement environment effectiveness

analytics evolves further into to first oil and gas being 3.5 years away
41.0%
27% quantify at least $50 million in machine learning and
> 300+ respondents value from their digital investments. artificial intelligence.
from having a solid
base of digital skills.
from 18+ countries
Senior executives need to be involved in TO LEARN MORE VISIT:
The benefits extend beyond efforts to envisioning how the next wave of digital www.accenture.com/upstream-oilandgas
reduce costs. Realizing additional value, can lead to performance breakthroughs. Digital can allow workers to focus on
however, will depend on industrializing higher-value tasks rather than repetitive
initiatives begun as pilot projects. activities. CONNECT WITH US