Skip to main content

 

Chemicals and Petroleum banner

 
October 2009  

IBM CEO Study: The Chemical and Petroleum Perspective

How do you build a successful Chemical or Petroleum (C&P) enterprise of the future when it seems that there are major challenges and changes occurring almost every day? What will the Chemical or Petroleum Enterprise of the Future look like?

To answer these questions, we spoke with more than 1,130 CEOs, general managers and senior public sector and business leaders from around the world as part of our biennial Global CEO Study series. Across industries, geographies and organizations of different sizes, the view was surprisingly similar: the Enterprise of the Future is hungry for change, innovative beyond customer imagination, globally integrated, disruptive by nature, and genuine, not just generous.

However, these aspirations hold specific opportunities and challenges for the Chemical and Petroleum industries. Based on the responses of more than 40 Chemical and Petroleum CEOs who took part in our study, we’ve taken a closer look at the implications for these industries. We compared the Chemical and Petroleum executives’ views on the enterprise of the future with those of other industry CEOs and have outlined the characteristics of successful Chemical and Petroleum enterprises of the future. We also reviewed the differences between outperforming and underperforming enterprises. These findings draw on the rich insights from our CEOs and through statistical and financial analyses, as well as the voices of the CEOs themselves, provides new and compelling perspectives on strategic issues facing the Chemical and Petroleum industries. Learn more



Latest News and Views

  Integrated Operations Services

The ability to make timely, smart business decisions about operations and production performance directly drives the overall effectiveness, efficiency, and production that comes from a plant, a field, and the equipment and assets supporting them.

Unfortunately, in most chemical and oil production operations, the information needed to make these vital business decisions is often "too little too late" to be truly effective.

Production supervisors, engineers, and operators face many challenges getting the information they need. They do not have timely and contextual visibility of their field assets. They often have to perform their calculations in a piecemeal fashion as their data is delivered in different measurements and formats, with some information barely available at all. Critical business information may be delivered via crude alarms or belated reports, and often not in a context that promotes better understanding or action. Sharing information and acting on it is relegated to unconnected systems and old-fashioned means of communication

Chemical and petroleum companies can achieve improved and quicker decision-making across their production operations through an advanced and powerful set of business capabilities known as Integrated Operations Services (IOS). These unique business capabilities and tools provide engineers, operators, and production supervisors with enhanced visibility and information to their large and complex array of equipment and assets within their production operations, plants, and oil fields. The result: an improved ability to perform sophisticated analysis and to take decisive action through real-time production information, event management, collaboration, and connectivity. Read more
  Business Analytics and Optimization

According to a recent IBM Global Business Services survey of 225 business executives, one out of every three is making major decisions with incomplete or untrustworthy information. The information explosion has led to business leaders operating with bigger blind spots versus harnessing the power of that today's unprecedented information can present.

Traditional methods of decision making - experience and intuition aren't sufficient when confronting the far-reaching changes driven by macroeconomic upheaval and the familiar forces of a world shrinking and flattening. Executives recognize that new analytics capabilities, coupled with advanced business process management, signal a major opportunity to create business advantage. Those who have the vision to apply new approaches are building intelligent enterprises positioned to thrive.

Follow the links below to learn more about this vibrate area of opportunity:

Business Analytics and Optimization for the Intelligent Enterprise White Paper

Business Analytics and Optimization Video

Upcoming Events

  Repsol Documentary

We are well on our way to harnessing the power of renewable energy. But we also know it won’t happen overnight. Until then, we need to make the most of the hydrocarbon resources that are still attainable – and that means extracting energy stored in the fossil fuels lying miles beneath the Earth’s surface. Repsol – one of the ten largest oil companies in the world – is breaking new ground in improving the accuracy of deep-sea oil exploration. Working with IBM, they’ve built the most powerful and efficient processing platform on the planet, capable of running next-generation data processing to increase the opportunities for success.

Watch a short story on the fascinating science and technology at the heart of the business of oil, the relationship between IBM and Repsol, and the tangible ways IBM and Repsol are focused on Smarter Resources for a Smarter Planet. Learn more

  Smarter Oil & Gas Webcast Series

IBM's Chemical & Petroleum team is launching a Smarter Oil & Gas Webcast Series, These live webcasts focus on: 1) Improving asset management for cost reduction and operational efficiency, 2) Enhancing exploration and production to find oil faster and lift more efficiently, and 3) Optimizing global operations for managed growth.

The first webcast was held September 24th and a replay is currently available. Key priorities and success factors in developing and implementing an intelligent asset management strategy for your company are discussed. Participating in the webcast is Bill Paton of BG Group who shares his company's experience in a session titled "BG Group from Silo to Global Work Management System". Learn more

You received this e-mail because you are subscribed to IBM's IdeaWatch Chemicals & Petroleum Newsletter as: GSPIKER@US.IBM.COM

© International Business Machines Corporation 2009. All rights reserved.

 
 
 
Subscribe
Unsubscribe
Contact us

Executive Spotlight
Welcome from Steve Edwards

Steve Edwards photo 

Welcome to IdeaWatch Chemicals & Petroleum!

The IBM Chemicals and Petroleum team is excited to launch IdeaWatch Chemicals and Petroleum (C&P), a quarterly eNewsletter to clients, business partners, industry associations / consortiums and other interested industry professionals.

In IdeaWatch C&P we will share with you our industry thought leadership studies and industry perspectives from our industry subject matter professionals. These reports provide valuable insight on ideas and business practices that help chemicals and petroleum companies become more resilient, achieve greater efficiency and grow. Examples include:

  • Drive strategic change
  • Integrate operations
  • Collaborate globally
  • Manage costs
  • Control business risk
  • Transform your workforce

And, for those of you interested in how IBM is partnering with chemicals and petroleum companies, IdeaWatch C&P will also provide brief items on such topics as client case studies and first-of-a-kind industry initiatives.

This edition of IdeaWatch C&P describes our perspective on how you build a successful enterprise of the future – from talking with CEOs around the world, how increasing visibility of near real-time data that can be acted upon is a business imperative to creating competitive advantage and how business analytics and optimization can help build a smarter enterprise today.

If you like what you see, feel free to forward this e-newsletter to your colleagues.

Steve Edwards
WW Chemicals & Petroleum Industries Leader,
IBM Global Business Services


Visit our Website


Resources
Send to a Friend  Send to a Friend