Welcome!

News Feed Item

ICT budget and staffing trends in Energy - Enterprise ICT investment plans



 

 

 

LONDON, April 3, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

ICT budget and staffing trends in Energy - Enterprise ICT investment plans


Product Synopsis
This report presents the findings from a survey of 128 energy companies regarding their Information and Communications Technology (ICT) budgets and staff allocation. The survey investigates how energy companies currently allocate their ICT budgets across the core areas of ICT spend, namely hardware, software, IT services, communications and consulting.


Introduction and Landscape
Why was the report written?
In order to provide a depth of insight into ICT vendors' and service providers' potential customers.


What is the current market landscape and what is changing?
With the economy showing signs of recovery, energy companies are increasing their ICT investments in 2013. Hardware remains a key area of focus for enterprises in this sector, with energy companies increasing their budget allocations for data centres by X% in 2013 compared to 2012.


What are the key drivers behind recent market changes?
Energy companies' requirement for high-performance computing, which helps them decrease the time required to retrieve and analyse data, and generate forecasting models is influencing the demand for data centres.


What makes this report unique and essential to read?
Kable Global ICT Intelligence has invested significant resources in order to interview CIOs and IT managers about their IT Budgets. Very few IT analyst houses will have interviewed 120+ ICT decision makers in the energy industry in H2 2012.


Key Features and Benefits
Understand how ICT budgets are set to change in 2013 in terms of their overall size.

Appreciate how budgets are allocated across the core elements of ICT spend, including hardware, software, services, communications and consulting.

Learn how ICT money is being spent in areas such as the data centre, applications, IT management and the network.

Establish how IT staff are typically allocated within energy companies.

Gain insight into with whom energy companies plan to spend their ICT money.

Key Market Issues
The global energy sector has been facing major challenges such as the decline in crude oil demand, price fluctuations, and delays in major energy investments owing to global economic uncertainties. Kable's survey shows that in the current economic scenario, energy companies are planning to make reasonable investments in ICT to become more competitive.

As reliable communications are a pre-requisite for efficient operations in the energy sector, it is becoming imperative for companies to develop robust communications infrastructures in order to improve productivity.

Energy companies' require high-performance computing, which helps them decrease the time required to retrieve and analyse data, and generate forecasting models leading to intelligent business decisions. Consequently, these companies have increased their budget allocations for data centres by 2% in 2013 compared to 2012.

The service support and help desk function is witnessing high average allocation of 28%, as energy companies are keen to respond quickly to conditions that disrupt business services, and also to improve incident and problem management processes.

Energy companies are spending a major portion of their IT services budgets on application development and integration, which stems from the fact that companies are planning to develop custom applications to suit the changing requirements and regulations in the energy sector.

Key Highlights
Energy companies are spending heavily with technology (product) vendors, allocating an average of 18% of their total ICT budgets to such providers.

Kable's survey shows that energy companies' hardware budgets are dominated by spending on clients and networking and communications equipment, with average allocations of 18% and 16% being made to these categories respectively.

The average allocation of software budgets amongst energy companies is mainly centred on software licenses driven by applications such as supply chain management (SCM), enterprise resource planning (ERP), content management, business analytics, and systems security software.

Energy companies are allocating a large proportion of their telecommunications budgets to mobile voice, owing to the size of their mobile workforces.

The survey illustrates that energy companies are allocating the highest proportion of their software budgets to enterprise applications in 2013.
Table of Contents

1 Trends in ICT budgets
1.1 Introduction
1.2 Survey demographics
1.3 ICT budget changes
1.4 ICT budget allocation by core technology area
1.5 ICT budget allocation by function
1.6 ICT spending by entity
1.7 IT staff distribution
2 Detailed ICT budget allocations
2.1 Introduction
2.2 Hardware budget breakdown
2.3 Software budget breakdowns
2.4 Third party IT services expenditure
2.5 Telecommunications budget
3 Summary
3.1 Energy companies are planning to make significant ICT investments to achieve operational efficiencies and comply with stringent regulations
4 Appendix
4.1 Definitions
4.2 Further reading
4.3 Contact the authors



List of Tables

Table 1: Energy - enterprise ICT survey geographic breakdown
Table 2: Energy - enterprise ICT survey breakdown by size band (number of employees)
Table 3: Recent and expected ICT budget changes among energy companies
Table 4: Energy companies' (external) ICT budget allocation, 2012 and 2013
Table 5: Energy companies' ICT budget allocation by function, 2012 and 2013
Table 6: Energy companies' (external) ICT budget allocation by entity, 2012 and 2013
Table 7: Average allocation of full-time IT staff members in energy companies
Table 8: Energy companies' average hardware budget allocation
Table 9: Average allocation of software budgets in energy companies
Table 10: Energy companies' average software budget allocation by technology
Table 11: Energy companies' average IT services budget allocation
Table 12: Energy companies' average IT consulting services budget allocation
Table 13: Energy companies' average telecommunications budget allocation



List of Figures

Figure 1: Energy - enterprise ICT survey geographic breakdown
Figure 2: Energy - enterprise ICT survey breakdown by size band (number of employees)
Figure 3: Recent and expected ICT budget changes among energy companies
Figure 4: Energy companies' (external) ICT budget allocation, 2012 and 2013
Figure 5: Energy companies' ICT budget allocation by function, 2012 and 2013
Figure 6: Energy companies' ICT budget allocation by entity, 2012 and 2013
Figure 7: Average allocation of full-time IT staff members in energy companies
Figure 8: Energy companies' average hardware budget allocation
Figure 9: Average allocation of software budgets in energy companies
Figure 10: Energy companies' average software budget allocation by technology
Figure 11: Energy companies' average IT services budget allocation
Figure 12: Energy companies' average IT consulting services budget allocation
Figure 13: Energy companies' average telecommunications budget allocation



Read the full report:
ICT budget and staffing trends in Energy - Enterprise ICT investment plans
http://www.reportbuyer.com/energy_utilities/misc_energy_utilities/ict_budget_staffing_trends_energy_enterprise_ict_investment_plans.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Energy


For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
SYS-CON Events announced today that Datanami has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datanami is a communication channel dedicated to providing insight, analysis and up-to-the-minute information about emerging trends and solutions in Big Data. The publication sheds light on all cutting-edge technologies including networking, storage and applications, and the...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
SYS-CON Events announced today that EnterpriseTech has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. EnterpriseTech is a professional resource for news and intelligence covering the migration of high-end technologies into the enterprise and business-IT industry, with a special focus on high-tech solutions in new product development, workload management, increased effi...
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
"We focus on composable infrastructure. Composable infrastructure has been named by companies like Gartner as the evolution of the IT infrastructure where everything is now driven by software," explained Bruno Andrade, CEO and Founder of HTBase, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"Our strategy is to focus on the hyperscale providers - AWS, Azure, and Google. Over the last year we saw that a lot of developers need to learn how to do their job in the cloud and we see this DevOps movement that we are catering to with our content," stated Alessandro Fasan, Head of Global Sales at Cloud Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organi...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
"Tintri focuses on the Ops side of the DevOps, which basically is pushing more and more of the accessibility of the infrastructure to the developers and trying to get behind the scenes," explained Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.