Accenture (NYSE: ACN) has been positioned as a leader in the inaugural IDC MarketScape: Europe, Middle East and Africa (EMEA) Digital Transformation Services Providers for the Oil and Gas Industry 2020 Vendor Assessment.
Accenture was recognized for key strengths, including its integrated service portfolio, which positions Accenture as a one-stop service and solution provider for oil and gas clients, and enables those clients to adopt a comprehensive approach to innovation and digital transformation.
Additionally, Accenture’s track record of co-innovation and co-development directly with oil and gas companies was cited, supported by a global delivery network and over 100 innovation centers, including seven energy-specific innovation hubs. Accenture was also recognized for its solid subject matter expertise and comprehensive technology portfolio, facilitating the execution of complex, innovative, and large-scale transformation programs.
The report evaluated Accenture and 16 other companies with an established reputation for providing services to the oil and gas industry. Vendors had to have a broad offering that specifically supports oil and gas companies’ digital transformation, services that cater to business processes in the upstream, downstream and midstream sectors, as well as a presence in at least three countries in EMEA.
The IDC MarketScape assessed the capabilities and strategies of leading service vendors to enable and support oil and gas companies in their digital transformation journey. The report specifically looked at the following services that vendors offer to oil and gas companies: business consulting, business process services, and IT services.
“We are thrilled to have been named a leader in this new IDC Marketscape”, said Andrew Smart, a senior managing director and energy lead for Europe, Accenture. “The oil and gas industry is currently facing unprecedented challenges, which will be felt throughout the whole value chain. Industry volatility means our oil and gas clients need to digitally transform their businesses quickly to become more efficient and crucially more resilient. We are committed to applying deeper industry insight and expertise to help our clients drive the changes needed to emerge stronger from the current crisis and face the challenge of the energy transition going forward.”
Additionally, the report noted Accenture’s significant experience in digital transformation use cases spanning the value chain and its innovation architecture. Also noted as a differentiator was Accenture Ventures’ work in partnering with and investing in over 5,000 start-ups and supporting acquisitions like Enaxis Consulting, which provides digital transformation services to the oil and gas industry. IDC also cited Accenture’s long-standing relationships with industrywide platform providers such as SAP, Microsoft, Amazon Web Services (AWS), and Salesforce, and a variety of technology players through its strong partner ecosystem.
"Digital transformation is a consulting-led business, and to embark on a successful journey, oil and gas companies need more than just an IT service provider,” said Gaurav Verma, Research Manager, IDC Energy Insights. “They need a business and technology partner who can help them clear business bottlenecks. Accenture has clearly positioned itself to meet this need, with a comprehensive solutions portfolio and partner ecosystem, global footprint and agile approach to technology-driven innovation. The ability to combine vision and execution for companies across the value chain is Accenture’s strength in the domain of oil and gas digital transformation."
The report is based on interviews with major oil and gas companies in EMEA, the end users, detailed surveys and briefings with the vendors and publicly available information.
The IDC MarketScape: EMEA Digital Transformation Services Providers for the Oil and Gas Industry 2020 Vendor Assessment can be found here.
More information about Accenture’s services to the energy industry can be accessed here.