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David McIntire

David is an IT Services Research Director at NelsonHall, with shared responsibility for IT Services research globally with Dominique Raviart, John Laherty, and Mike Smart.

Impact of Digital on Energy: 2019

Market Analysis

by David McIntire

published on May 01, 2019

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Report Overview:

NelsonHall’s “Impact of Digital on Energy: 2019” 55-page report is based on global interviewing of senior executives across the energy sector in four geographies: U.S., U.K., Continental Europe, and Asia Pacific.

The report identifies the principal business issues faced by energy firms over the period 2019-2020, the IT and digital initiatives planned in response to these issues, and their anticipated changes in IT spend and sourcing.

In particular, the report analyzes the importance of digital to energy firms and focuses on the nature of the digital initiatives planned by energy firms by application and technology, together with the key benefits required from digital by energy firms and their supplier selection criteria when purchasing digital services.

Who is this Report for:

NelsonHall’s “Impact of Digital on IT Services in Energy Sector: 2019” report is a comprehensive market assessment report designed for:

  • Sourcing managers investigating sourcing developments within the Energy sector
  • Vendor marketing, sales and business managers developing strategies to target IT services (ITS) opportunities within the Energy sector
  • Financial analysts and investors specializing in the IT services and BPS sector

Scope of this Report:

The report is based on interviews with executives in the Energy sector in the U.S., U.K., Continental Europe, and Asia Pacific.

The report analyzes the worldwide market for IT services within the Energy sector and addresses the following questions:

  • What are the principal business priorities faced by organizations in the Energy sector?
  • What IT initiatives are planned by organizations in the Energy sector?
  • How relevant are digital initiatives to organizations in the Energy sector?
  • What digital initiatives are planned by organizations in the Energy sector?
  • What business areas are targeted for digital initiatives by organizations in the Energy sector?
  • What digital technologies are planned to be introduced by organizations in the Energy sector?
  • What are the key selection criteria used by organizations in the Energy sector to select suppliers to implement digital initiatives?
  • What shifts in sourcing approach are expected by executives in the Energy sector over the next three years?
  • How do companies in the Energy sector expect their spend on ITS services to change over the next three years?

Key Findings & Highlights:

The key business priorities for energy companies are largely operational rather than administrative in nature. While energy companies are looking to reduce their administrative costs by improving workforce productivity, the two major business priorities identified unprompted by energy companies were:

  • Improving production through reduced plant downtime and increased plant productivity
  • Improving both their own and partner distribution networks and more accurately forecasting demand.

Accordingly, energy companies are:

  • Identifying and pursuing digital initiatives to improve competitiveness through increased operational efficiency
  • Adopting DevOps and modernizing applications landscapes to accelerate time to market
  • Prioritizing the engagement of vendors with deep industry knowledge, UX consulting capabilities and cloud-native development capabilities to implement cloud and SaaS solutions.

Table of contents:

Table of contents:

  • Abstract
  • 1. Introduction
  • A. Objectives
  • B. Methodology
  • C. Structure of the Report
  • 2. Executive Summary
  • A. Energy Companies are Using Digital Initiatives to Improve Competitiveness and Increase Operating Efficiency
  • B. Energy Company IT Initiatives Focus on DevOps & Modernization to Accelerate Time to Market
  • C. Spending on Cloud Infrastructure & Security Will Show Highest Growth with Use of SaaS Increasing for Administrative Functions
  • 3. Market Forecast
  • 4. Key Business and IT Issues & Initiatives
  • A. Business Issues
  • B. IT Initiatives
  • 5. Digital Initiatives
  • 6. Changes in Spend

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