An annual report by IDC Energy Insights, IDC FutureScape: Worldwide Oil & Gas 2015 Predictions, suggests how oil and gas management will handle the changing oil and gas market.
- 50% of Oil & Gas companies will have advanced analytics capabilities in place by 2016
- 80% of the top O&G companies will reengineer processes and systems to optimize logistics, hedge risk, and efficiency by the end of 2017
- By 2018 one third on the O&G workforce will be under 44
- By 2017 100 % of O&G companies will depend on modeling and simulation tools and services to optimize oil field development