Accenture Ranked No. 1 Overall in HFS Research’s Top 10 Report for Energy Service Providers 2019
June 03 2019 - 8:00AM
Business Wire
Accenture (NYSE: ACN) has been ranked No. 1 overall in the HFS
Top 10 Energy Service Providers 2019. Accenture’s leading
position in the report was based on its ability to execute and
innovation capability, placing it ahead of the other leading
providers that HFS assessed. These included Cognizant,
DXC.Technology, HCL, NTT Data, Tech Mahindra, Infosys, Epam, Tata
Consultancy Services, LTI and Wipro.
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The industry-specific capabilities of the service providers were
evaluated across the energy value chain according to a defined
series of criteria focused on innovation, execution, and the voice
of the customer. The value chain functions, as defined in the
report, included exploration, development and production;
transportation, refining, distribution; and marketing and
retail.
“We’re delighted to have been named as the leader in this latest
report from HFS,” said Andrew Smart, a senior managing director and
lead for Accenture’s energy industry group. “As the energy
transition gathers steam, and oil and gas companies need to balance
transforming and growing their core with a pivot to new growth
areas, our leading position demonstrates our dedication to
partnering with them to help navigate this challenge. We remain
distinguished by our industry-specific expertise and committed to
delivering leading-edge innovation across the energy value chain to
deliver solutions that will enable our clients to weather the storm
of industry change.”
In the report, Accenture was specifically recognized as the
leader when it comes to the size and experience of its energy
practice, the geographic mix of its clients, its investments and
development of its partnership ecosystem, its innovative solutions
-- including platform offerings, deployment of intelligent
automation, and development of internal intellectual property --
and its clear vision for the future of the energy industry.
"The global energy sector faces two competing priorities as the
‘energy transition’ becomes real: finding new growth avenues while
optimizing operational efficiencies, production levels and capital
needs,” said Saurabh Gupta, HFS Research’s chief strategy officer.
"Accenture is uniquely positioned to address these challenges
head-on with end-to-end consulting and execution services at scale
and with innovation at its heart."
Among the key strengths that contributed to Accenture’s leading
position in the report, HFS cited:
- Consulting and execution at
scale: Accenture differentiated itself from all other service
providers by its ability to offer integrated end-to-end services
spanning consulting, infrastructure, business process services and
digital. It continues to aggressively expand its range and scale of
oil and gas services with smart and focused acquisitions, such as
Enaxis in 2019.
- Commitment to innovation:
Accenture has invested in five innovation hubs, that include a
focus on the energy industry. It continues to make significant
investments in emerging technologies across automation, advanced
analytics, engineering services, IoT, and blockchain, investments
which are enabling strong opportunities for joint co-innovation
with clients.
- Ecosystem: Accenture has one of
the strongest ecosystems spanning technology, platform, automation,
business services, and industry-specific partners.
The findings of the report were based on detailed RFIs and
briefings conducted with the service providers, interviews with
clients of the service providers, HFS surveys with 350 Global 2000
enterprises and publicly available information.
The HFS Top Ten Energy Service Providers 2019 can be
accessed here.
More information about Accenture’s services to the energy
industry can found here.
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 477,000 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.
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Guy CantwellAccenture+ 1 281 900
9089guy.cantwell@accenture.comMatt CorserAccenture+ 44 755 784
9009matthew.corser@accenture.com
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