Business Strategy: IDC Maturity Model Benchmark -- Big Data and Analytics in Oil and Gas in North America

Business Strategy: IDC Maturity Model Benchmark -- Big Data and Analytics in Oil and Gas in North America

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SOURCE ReportBuyer

LONDON, Feb. 27, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

Business Strategy: IDC Maturity Model Benchmark -- Big Data and Analytics in Oil and Gas in North America

This IDC Energy Insights report presents results of the first IDC BDA Maturity Model benchmark based on a study of 701 organizations including 100 oil and gas companies at $10+ billion in revenue.

"The oil and gas industry is ahead of others in achieving benefits that met or exceeded their expectations from their initial forays into BDA. At the same time, many oil and gas companies do not yet have the big data and analytics maturity to address the entire range of technology, staffing, data, process, and strategic intent requirements needed to capitalize on their data assets," says Jill Feblowitz, vice president, IDC Energy Insights, and lead analyst for the Worldwide Oil and Gas IT Strategies practice. "This BDA maturity framework developed by IDC will assist oil and gas companies in assessing their current capabilities and to evaluate gaps in reaching higher levels of BDA maturity."

Table of Contents

IDC Energy Insights Opinion

In This Study

Situation Overview

Big Data and Analytics Maturity in Oil and Gas Today

A Deeper Look -- BDA Maturity Model Dimensions

The Value of Investing in Improving Big Data and Analytics Maturity

Maturity Alignment

The Approach

Future Outlook

Essential Guidance

Factors with the Greatest Impact on Maturity

Actions to Consider

Align Capabilities

Focus on Business Leadership

Intent Dimension of BDA Maturity

Set and Manage BDA Strategy at the Enterprise Level

Fund and Budget BDA Projects Annually at the Enterprise Level

Data Dimension of BDA Maturity

Focus on Data Quality

Exploit Enterprise Data Assets

Articulate a Technical Data Management Strategy

Technology Dimension of BDA Maturity

Work with Scientists and the Business to Identify Advanced Analytics

Make Performance the Top Criteria for Evaluating Technology

People Dimension of BDA Maturity

Complement Skills and Expertise with a Culture of Collaboration

Build Skills in Advanced Analytics

Governance Skills Are Required to Ensure Deployment of BDA

Recruit, Hire, Reward, and Retain a Broad Range of Talent

Apply BDA Insights to Management Decision Making

Process Dimension of BDA Maturity

Start with Information Management

Establish Appropriate Governance Processes

Consumption -- The Last Mile of BDA Success

Learn More

Related Research

Methodology

Survey Respondent Segmentation

Categorization of High Achievers and Low Achievers

Synopsis

Table: Top 10 Traits of Big Data and Analytics High Achievers

Table: Units Taking the Lead in Big Data and Analytics

Table: Sample Size and Selection Criteria of Research Participants by Industry

Figure: Big Data and Analytics Maturity Distribution Across Stages

Figure: Big Data and Analytics Individual Dimensions Maturity Distribution Dashboard -- Oil and Gas

Figure: Comparison of Big Data and Analytics Maturity Between High and Low Achievers Dashboard -- Oil and Gas

Figure: Big Data and Analytics Maturity Alignment Among High and Low Achievers

Read the full report:
Business Strategy: IDC Maturity Model Benchmark -- Big Data and Analytics in Oil and Gas in North America
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