IDC Market Spotlight: Migrating to Cloud: The Business Value for Oil and Gas
IDC Market Spotlight
Migrating to Cloud: The Business Value for Oil and Gas
This Market Spotlight report reviews IDC Energy Insights on cloud adoption rates, benefits of cloud deployment and cloud use cases in the oil and gas industry. The report concludes with recommendations for energy companies to consider when migrating to cloud.
As the future unfolds, change will be the rule rather than the exception. With so much change in the industry, there is a need for oil and gas companies to adopt resilient systems.
The industry is becoming more receptive to cloud technologies as collaboration is increasingly critical due to skills shortage, internalization of operations and growing importance of collaborative work with business partners. The pursuit of resources has become more and more expensive, and pressure from shareholders about performance has oil and gas companies looking to reduce costs. This makes cloud a more attractive solution to help reduce operating costs and reserve capital for investment in energy-producing assets.
Forward looking energy companies seeking to deploy cloud services are finding that they need to engage with services firms to help them define a cloud strategy and understand how to construct contracts that have the right service -level agreements (SLAs) to protect their interests. Companies will need to examine where various cloud models; private, public, and hybrid, can be deployed in the industry to achieve benefits while still meeting requirements for security
Learn more about IDC recommendations and actions for energy companies to consider for their move to cloud and learn about the different proven applications of cloud within the oil and gas industry