Open systems are driving operational excellence in oil and gas

Oil and gas companies are transforming and reinventing themselves under continuing market pressures—turning to new technology strategies to help. One key strategy is building systems and business processes based on open and agile technology to rapidly develop and deploy enterprise solutions.

IDC believes that a platform-based system will help oil and gas companies access and manage critical data about an oilfield to enable engineers, geoscientists, and workers in the field to run meaningful analytics and foster better collaboration and improved decision making.

This paper explores how oil and gas companies need to focus on these critical points:

• Adopt transformational technologies to drive operational innovation.
• Build and rebuild business processes to align and improve workflows.
• Break down silos to organize, manage, and provide immediate, accurate data for business analytics with proper governance.
• Develop a tightly integrated open platform for a holistic view of operations.
• Create a data management platform that fosters an exploration and production (E&P) knowledge environment and information sharing and access to immediate, accurate operational information for advanced analytics.

Download the IDC whitepaper, Open systems are driving operational excellence in oil and gas, to learn more.