Intelligent CIO North America Issue 31 | Page 23

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ENERGY COMPANIES ’ DIGITAL TRANSFORMATION EFFORTS DRIVEN BY NEED FOR TIGHTER INTEGRATION AND COLLABORATION

IFS , the global cloud enterprise software company , commissioned new research polling over 600 senior decision-makers at large energy companies across France , Australia , Japan , the Nordics , the US , the UK and the Middle East . The intention was to find out where companies in the industry are now on their Digital Transformation journeys and what ’ s holding them back .

More than three-in-10 ( 31 %) oil , gas and utility organizations worldwide cite tighter integration and collaboration across functions among the top two drivers for the adoption of enterprise software systems , while 30 % reference better project management , 29 % improved asset life cycle management and 29 % improved operational efficiency .

These were among the highlights of new research commissioned by IFS , polling over 600 senior decision-makers at large energy companies across France , Australia , Japan , the Nordics , USA , the UK and the Middle East . The research also found that 44 % of organizations with sustainability goals want to invest in more energy-efficient assets and infrastructure to meet those objectives .
44 % of organizations with sustainability goals want to invest in more energy-efficient assets and infrastructure to meet those objectives .
Barriers to change
Despite these key drivers , significant barriers to technology adoption remain , especially around the inability to define and measure the ROI of enterprise software systems like EAM and ERP . Nearly three-
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