ARMONK, N.Y., Sept. 4, 2014 /PRNewswire/ -- IBM (NYSE: IBM) has been named a leader in the IDC MarketScape: Worldwide Oil and Gas Professional Services 2014 Vendor Assessment by IDC Energy Insights.
The report recognized IBM as a leader for its innovation and work as a trusted advisor for clients and other service providers in the oil and gas ecosystem. The study ranked the 12 leading professional services providers and measured them based on service capability, solutions for oil and gas, and geographic presence.
"IBM's commitment to the industry, as well as our innovation in Big Data and analytics are helping our clients transform their business and aggressively achieve their goals," said Manish Chawla, IBM Global Services Global Industry Leader for Chemicals & Petroleum. "Our advanced analytics, major capital projects and digital security solutions are resonating with the market because they are aligned to our clients' needs."
The report cites IBM's works in Big Data and analytics for drilling optimization, land management, seismic interpretation, production optimization, logistics, and equipment scheduling and safety. For example, IBM developed a way to simulate well performance using multiple data sources and deliver information via a mobile device within seven seconds to users who need the information. IBM also provides analytics for environmental monitoring, using high-frequency and subsea data to alert of potential incidents.
"A new cost consciousness has oil and gas (O&G) companies looking to professional services firms to help them reduce costs. This does not mean, however, oil and gas companies are willing to sacrifice quality or abandon innovation," according to Jill Feblowitz, Vice president, IDC Energy Insights Oil and Gas. "Leaders in professional services in oil and gas have a commitment to the oil and gas industry that is backed at the executive level of their companies. This is demonstrated through investment in research and development, oil and gas centers of excellence in major oil and gas hubs, and oil and gas subject matter experts. Leaders are viewed as trusted advisors that work with their clients and other service providers in the oil and gas ecosystem to drive innovation."
IBM Global Business Services addresses Oil and Gas industry challenges with consulting, systems integration as well as outsourcing services underpinned by IBM Research. IBM's alliances and partnerships as well as its broad portfolio of cloud and software solutions help clients address their most pressing problems in the areas of major capital projects, information technology/operational technology convergence, digital security solutions and information management.
The IDC MarketScape report can be accessed here.
About IDC MarketScape: IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
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SOURCE IBM