Navigating Digital Transformation in Energy

  • ID: 3923183
  • Report
  • 88 pages
  • Frost & Sullivan
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A Customer Perspective

This study is part of the Digital Transformation in Vertical Industry series. It is derived from a survey of IT decision makers around the world across multiple industries. It provides insightful information on what drives investment in IT solutions, the IT-related challenges that organizations face today, and most importantly, plans for IT budgets. You will learn which technologies successful companies find most effective at impacting their top and bottom lines. Technologies covered include Enterprise Mobility Management, Social Media Management & Marketing Tools, eCommerce/mCommerce, Unified Communications & Collaboration, Infrastructure and Data Centers, Big Data and Analytics, Digital Marketing, Customer Experience Management, Cybersecurity, Internet of Things (M2M), ERP/Supply Chain Management/HR Management. There is section on Internet of Things that explores drivers, challenges, and different phases of implementation.  End user companies will be able to benchmark themselves with regard to IT investments while IT companies will learn how to gain a competitive advantage over the next few years.

Excerpts from the study:

Energy companies observe a strong sense of importance for digital transformation. This is reflective both in internal operations and external product delivery. Traditional energy companies are increasingly expanding their product portfolio by integrating elements of digitalization such as data disaggregation and edge intelligence. Similarly, the survey shows a strong correlation between company revenue growth and its approach to IT investments for improving internal operations. 

The strong adoption of cloud services is in part due to the growing amount of data that companies are dealing with in the energy industry. Smart meters alone generate close to 1.1 billion data points in the U.S. and this is just with a 50% market penetration. 

Ensuring network stability and dealing with security threats rank as the top two IT challenges facing energy companies today. This is irrespective of company size and region, with the exception of Latin America. Latin American companies ranks security threats as their number one issue. 

Key drivers for IT investment varies by CIO and CEO. CIOs consider the ability to attract and retain workforce as top driver for IT investments in 2018, where as CEOs consider the ability to boost creativity and innovation as the top reason for IT investments in 2018.

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1. Research Objectives and Methods
  • Research Objectives
  • Survey Methodology
  • IT Decision Maker Profile
  • Respondent Jobs Titles
  • Organization’s Revenues Growth and Margin
2. Executive Summary
  • Key Take Aways
3. How Energy is Using IT in an Era of Digital Transformation
  • Top Challenges for IT
  • Top Challenges for IT by Size of Organization
  • Top Challenges for IT by Region
  • Top Challenges for IT by CEO and CIO
  • Top Challenges for IT by Organization’s Revenue Growth
  • Top Challenges for IT by Organization’s Margin
  • Top Drivers for IT Investment
  • Top Drivers for IT Investment in 2018 by Size of Organization
  • Top Drivers for IT Investment in 2018 by CEO and CIO
  • Top Drivers for IT Investment in 2018 by Organization’s Revenue Growth
  • Top Drivers for IT Investment in 2018 by Organization’s Margin
  • Plans for investment in IT
  • Top Technologies Impact on Revenues
  • Top Technologies Impact on Revenues by Size of Organization
  • Top Technologies Impact on Revenues by Region
  • Top Technologies Impact on Revenues by Job Title
  • Top Technologies Impact on Revenues by Organization’s Revenue Growth
  • Top Technologies Impact on Revenues by Organization’s Margin
  • Top Technologies That Positively Impact Cost Reduction
  • Top Technologies That Positively Impact Cost Reduction by Size of Organization
  • Top Technologies That Positively Impact Cost Reduction by Region
  • Top Technologies That Positively Impact Cost Reduction by Job Title
  • Top Technologies That Positively Impact Cost Reduction by Organization’s Revenue Growth
  • Top Technologies That Positively Impact Cost Reduction by Organization’s Margin
  • Top Security Concerns
  • Top Security Concerns by Size of Organization
  • Top Security Concerns by Region
  • Top Security Concerns by Job Title
  • Top Security Concerns by Organization’s Revenue Growth
  • Top Security Concerns by Organization’s Margin
  • Importance of mCommerce
4. Internet of Things
  • The Internet of Things Deployment Stages
  • Top Concerns About the Internet
  • Drivers for Investment in Internet of Things
  • Best Chip/Module Vendor for the Internet of Things
  • Best Devices Vendors for the Internet of Things
  • Best Networking Provider for the Internet of Things
  • Best Platform Provider for the Internet of Things
  • Best Systems Integrator for the Internet of Things
5. Trends in Cloud
  • Influences for Selecting a Cloud Provider
  • Percentage of Storage Moved to the Cloud
  • Percentage of Applications Moved to the Cloud
  • Value of Cloud-Based Solutions Among Users
  • Satisfaction with Cloud-Based Solutions
  • Barriers to Adoption of Cloud-Based Solutions
6. Trends in Mobile & Wireless
  • Use of Mobile Devices
  • Support for Mobile Operating Systems
  • Enforcing BYOD Policies and Expectations for Future
7. Perception of Organizations’ Success
  • Organization’s Approach to IT Investments and its Competitive Assessment
  • Organization’s Approach to IT Investments by Organization’s Revenue Growth
  • Organization’s Approach to IT Investments by Organization’s Margin
  • IT Solutions Usage by Technology Adoption
8. Budget Allocation
  • 2015 IT Budget in Relation to Organization’s Revenue
  • 2015 vs 2016 IT Budget Allocation
  • Expected IT Budget Change in 2017
  • Percentage of IT Budget Consumed by Top Three Communications Suppliers
  • Percentage of IT Budget Consumed by Small to Medium Communications Suppliers
  • CAPEX Vs. OPEX Spending
  • Any Questions?
  • Legal Disclaimer
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