Today Microsoft and Accenture issued a press release announcing the results of its annual upstream sector survey. This year’s survey included several interesting insights, but the overall theme was clear: Oil & Gas companies are upping IT investments to generate operational efficiency and excellence.
Another key finding we’re particularly pleased to see is more and more O&G IT people are becoming aware of Microsoft’s Upstream Reference Architecture (MURA). We created MURA after extensive discussions with our upstream partners and customers, who sought tailored, prescriptive guidance on better and more efficient IT operations. They wanted to implement IT solutions more quickly, and with less hassle, so they could more strategically commit resources (finding new revenue streams, gaining competitive advantages and growing their businesses). Already more than 22% of respondents are aware of MURA.
For others, MURA describes a set of foundational “pillars,” or principles that govern an architecture structure. It describes how the upstream sector can create:
This descriptive approach provides an agreed-upon set of principles to establish consistent performance, while also allowing for flexibility that companies need to innovate and establish competitive differences.
More succinctly, O&G companies need IT systems to be more responsive to business needs. MURA creates the foundation for them to do this.
We encourage you to check out today’s press release to better understand the needs of upstream IT departments, and the MURA for Microsoft’s guidance on how to address their needs.