DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Convergence Impact on Oilfield Services - Disrupting a $250 Billion Market " report to their offering.
As low oil prices give way to dwindling profit margins, strategies dictate organizations to curb inefficient practices and replace them with technologically advanced smart solutions. Connected oilfield services facilitate reduced drill time and increased productivity. The digital transformation has shifted focus to chasing efficiencies from the traditional one of chasing barrels.
Business model disruptions to sell performance instead of equipment have taken over, as analytics becomes a strong part of the automation portfolio. The ICT industry has taken a leap of faith with the introduction of cognitive technologies through virtual assistants in oilfield services, taking artificial intelligence applications to a higher level.
- Oilfield services are undergoing a digital transformation to drive out decades of accumulated wastes from obsolete processes.
- The next generation of oilfield services will witness unparalleled Information and Communications Technology (ICT) convergence, making digital service platform services imperative.
- GE Predix
- SAP SE
1. Executive Summary
2. Mega Trends to Micro Booms-Definitions and Tie-ins
3. Introduction-Scope and Segmentation
4. First Base-Business Issues
5. Inefficiencies in the OFS Market Open Up Industry Pressure Points, as Asset Utilization Rate Falls by 20%
6. Second Base-Growth Opportunities
7. Volatile Oil Prices and the Need to Drive Operational Efficiency Drive the Demand for Responsive and Connected Oilfield Services
8. Third Base-Strategy and Insights
9. Emergence of a Digital Platform for Oilfield Services Disrupts, Collapses, and Transforms Fragmented Oilfield Operations
10. By 2020, 50% OEM Revenues Will Come from Services, Disrupting the Old Business Model in Favor of the Growth-driven New Model
11. Unfulfilled Needs of Capital, Resource, and Asset Efficiency Threaten the Survival of Automation Companies and Drives
12. ICT in Oilfield Services Takes a Leap of Faith with AI; the Age of Unmanned Assistants has Entered the Market
13. Top Recommendations
For more information visit http://www.researchandmarkets.com/research/3kvgvd/convergence