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According to the latest research by Bloomberg New Energy Finance (BNEF), oil and gas companies spent $12.
5 billion on enterprise software in 2018, such as SAP, Microsoft and Oracle
.
Major oil companies Shell, BP, Chevron and Equinor have spent hundreds of millions of dollars on cloud computing and are starting to collaborate
with AI startups.
In 2020, BNEF estimates that the oil sector will invest $1.
4 billion in cloud computing and $1.
1 billion in advanced analytics.
As sensors and artificial intelligence become more common, BNEF expects the oil and gas industry to invest $15.
7 billion by 2030.
At present, the collapse in oil prices has had a huge impact
on the spending of oil companies.
But in the long run, this will not lead to a regression
in the field's investment in enterprise software.
Cloud computing and data analytics will help companies effectively reduce operating costs and overheads, strengthen corporate security, and reduce CO2 emissions
.
Most software spending will be concentrated in the upstream sector, for exploration and production
.
Microsoft, Schlumberger, Baker Hughes, Halliburton, and C3.
ai are all major vendors
of cloud services and analytics applications.
According to the latest research by Bloomberg New Energy Finance (BNEF), oil and gas companies spent $12.
5 billion on enterprise software in 2018, such as SAP, Microsoft and Oracle
.
Major oil companies Shell, BP, Chevron and Equinor have spent hundreds of millions of dollars on cloud computing and are starting to collaborate
with AI startups.
In 2020, BNEF estimates that the oil sector will invest $1.
4 billion in cloud computing and $1.
1 billion in advanced analytics.
As sensors and artificial intelligence become more common, BNEF expects the oil and gas industry to invest $15.
7 billion by 2030.
At present, the collapse in oil prices has had a huge impact
on the spending of oil companies.
But in the long run, this will not lead to a regression
in the field's investment in enterprise software.
Cloud computing and data analytics will help companies effectively reduce operating costs and overheads, strengthen corporate security, and reduce CO2 emissions
.
Most software spending will be concentrated in the upstream sector, for exploration and production
.
Microsoft, Schlumberger, Baker Hughes, Halliburton, and C3.
ai are all major vendors
of cloud services and analytics applications.
