IDC MarketScape has distinguished Accenture as the leading provider of Digital Transformation services in the Oil and Gas industries in Europe, Middle East, and Africa (EMEA) in 2020.
The report recognizes Accenture’s contribution to the development of these Industries, highlighting its portfolio of integrated services. This distinction positions the company as an important supplier of services and solutions for clients in the Oil and Gas Industry, allowing them to adopt the best market practices in their innovation and Digital Transformation processes.
IDC MarketScape also distinguished the considerable history of partnerships between Accenture and the various companies in the sector, resulting in constant support that materializes through a global supply network and more than 100 innovation centers, including seven hubs specifically designed for energy.
This recognition is also based on the solidity of Accenture’s experience with this Industry and on the broad portfolio of technological solutions that facilitate the execution of complex, innovative, and large-scale transformation programs and processes.
In addition to Accenture, the report includes the evaluation of another 16 companies with an established reputation for providing services to the Oil and Gas sector. To be elected, suppliers would have to present a wide range of specific support for companies’ digital transformation. Oil and Gas and services that meet business processes in the upstream, downstream, and midstream sectors. The companies would also have to be in three countries in the EMEA region.
After selecting the companies that corresponded to the study’s integration factors, IDC MarketScape assessed the capacities and strategies adopted by the main service providers in training and supporting the digital transformation processes of companies in this sector. The following services were considered in this report: business consultancy, business process services, and Information Technology (IT) services.
“We are delighted to have been named a leader in this new IDC MarketScape,” says Andrew Smart, Accenture’s Senior Managing Director and Energy Lead in Europe, “Today, the Oil & Gas industry faces unprecedented challenges that will be felt across the value chain. The volatility of the sector means that our clients have to rethink and digitally transform their businesses, in an agile way, to become more efficient and essentially more resilient. We are committed to applying a deeper insight and knowledge of the sector to help our customers drive the changes needed to emerge stronger from the current crisis and to meet the challenge of the energy transition in the future.”
In addition to the relationship with companies in the sector, the report also analyzed Accenture’s significant experience in use cases of digital transformation, covering the value chain and its innovation architecture. At the same time, Accenture Ventures’ work in partnership and investment in more than 5,000 startups and support for acquisitions such as Enaxis Consulting, which provides digital transformation services for the Oil and Gas sector, was also highlighted as a differential.
IDC also cited Accenture’s longstanding relationship with different players in the market, such as SAP, Microsoft, Amazon Web Services (AWS) and Salesforce, and a variety of other technology companies that integrate a strong and important ecosystem of partners.
“The digital transformation is led by the consulting area and, to start a successful process, Oil and Gas companies need more than just an IT service provider”, assumes Gaurav Verma, Research Manager, IDC Energy Insights. “Companies need business partners to help them develop through technology and Accenture has been able to position itself very well in this sector, responding to the emerging and urgent needs of the digital transition. They feature a comprehensive portfolio of solutions and partner ecosystem, global presence, and agile approach to technology-driven innovation. Accenture presents its customers with the ability to combine vision and execution, which adds value to several companies in this Industry worldwide – a capacity that is demonstrated as a brand strength in the field of digital transformation in the Oil and Gas sector.”
The IDC MarketSpace report was prepared based on interviews with the main oil and gas companies in the EMEA region, detailed surveys, briefings with suppliers and the collection of information available to the public.