ISG to Publish Report on Oil and Gas Services, Solutions
August 12 2022 - 9:00AM
Business Wire
Upcoming ISG Provider Lens™ report will
evaluate providers helping companies use digital technologies to
improve operations, prepare for future energy needs
Information Services Group (ISG) (Nasdaq: III), a leading global
technology research and advisory firm, has launched a research
study examining service providers that are meeting the changing
needs of oil and gas companies in the digital age.
The study results will be published in a comprehensive ISG
Provider Lens™ report, called Oil and Gas Industry — Services and
Solutions, scheduled to be released in January 2023. The report
will cover companies offering services – including asset
management, capital projects management, cloud computing and energy
transition services – that help oil and gas companies innovate and
improve their operations.
Oil and gas company buyers will be able to use information from
the report to evaluate their current vendor relationships,
potential new engagements and available offerings, while ISG
advisors use the information to recommend providers to the firm’s
buy-side clients.
The oil and gas industry is going through major changes,
including rising demand, declining inventory and significant
disruptions, such as the one resulting from the Ukraine crisis.
While these forces are currently driving prices up, companies face
growing challenges around price volatility, worker safety, remote
asset monitoring and data access. At the same time, the industry is
beginning to focus on making the transition to low-carbon
resources.
“The changes hitting the oil and gas sector right now are making
efficient operations and digital innovation more important than
ever,” said Jan Erik Aase, partner and global leader, ISG Provider
Lens Research. “Companies need new capabilities like cloud
computing, AI, automation and operational security, and service
providers are making this possible.”
ISG has distributed surveys to more than 100 oil and gas
services and solution providers. Working in collaboration with
ISG’s global advisors, the research team will produce five
quadrants representing the services and solutions the typical oil
and gas enterprise is buying, based on ISG’s experience working
with its clients. The five quadrants are:
- Enterprise Asset Management, evaluating providers of EAM
services and solutions that help oil and gas companies increase
asset performance, extend the useful life of assets and reduce
operational costs.
- Next-Gen IT/OT Services, assessing providers of IT
managed services to the oil and gas industry, including application
development and maintenance, cybersecurity and IoT-based solutions,
that support the convergence of IT and OT and help clients operate
efficiently and comply with regulations.
- Capital Projects Management (CPM), covering providers
that offer oil and gas CPM services that allow clients to design
and carry out complex, capital-intensive projects on time and
within budget.
- Data Management and Cloud Computing, evaluating
providers of data handling and cloud services for oil and gas
companies, enabling the transition from legacy systems and the
centralization of data and processes in the cloud.
- Energy Transition Services, assessing providers that
offer a range of energy transition services that allow oil and gas
companies to meet their net-zero carbon transition targets and
develop new business models.
Geographically focused reports from the study will cover the
global oil and gas technology market and examine products and
services available in North America, the U.K. and the Nordics. ISG
analysts Swadhin Pradhan, Harish B, Mohd Aves Malik and Hemant
Kumar Chandak will serve as authors of the reports.
A list of identified providers and vendors and further details
on the study are available in this digital brochure. Companies not
listed as oil and gas service and solution providers can contact
ISG and ask to be included in the study.
All 2022 ISG Provider Lens™ evaluations now feature new and
expanded customer experience (CX) data that measures actual
enterprise experience with specific provider services and
solutions, based on ISG’s continuous CX research. Enterprise
customers wishing to share their experience about a specific
provider or vendor are encouraged to register here to receive a
personalized survey URL. Participants will receive a copy of this
report in return for their feedback.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only
service provider evaluation of its kind to combine empirical,
data-driven research and market analysis with the real-world
experience and observations of ISG's global advisory team.
Enterprises will find a wealth of detailed data and market analysis
to help guide their selection of appropriate sourcing partners,
while ISG advisors use the reports to validate their own market
knowledge and make recommendations to ISG's enterprise clients. The
research currently covers providers offering their services
globally, across Europe, as well as in the U.S., Canada, Brazil,
the U.K., France, Benelux, Germany, Switzerland, the Nordics,
Australia and Singapore/Malaysia, with additional markets to be
added in the future. For more information about ISG Provider Lens
research, please visit this webpage.
A companion research series, the ISG Provider Lens Archetype
reports, offer a first-of-its-kind evaluation of providers from the
perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 800 clients, including more than 75 of the
world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including automation, cloud and data analytics; sourcing advisory;
managed governance and risk services; network carrier services;
strategy and operations design; change management; market
intelligence and technology research and analysis. Founded in 2006,
and based in Stamford, Conn., ISG employs more than 1,300
digital-ready professionals operating in more than 20 countries—a
global team known for its innovative thinking, market influence,
deep industry and technology expertise, and world-class research
and analytical capabilities based on the industry’s most
comprehensive marketplace data. For more information, visit
www.isg-one.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220812005024/en/
Will Thoretz, ISG +1 203 517 3119 will.thoretz@isg-one.com
Julianna Sheridan, Matter Communications for ISG +1 978-518-4520
isg@matternow.com
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