FRAMINGHAM, Massachusetts – IDC Energy Insights is predicting that one impact of the BP spill in the Gulf of Mexico will be to increase IT spending. IDC says regulatory and policy changes will increase regulatory requirements for health, safety, and environment as well as asset management, data integration, and advanced analytics.
"Prior to the disaster in the Gulf of Mexico, IDC's forecast for worldwide spending by oil and gas companies on HSE software was predicted to top $131 million in 2010,” says Rick Nicholson, VP, Research IDC. “The expected regulatory changes could potentially double the growth rate of spending on these applications during the next two to three years.”
Beyond HSE, the study expects applications that manage physical assets such as rigs, processing facilities, and pipelines to see an increase in use, as will programs to analyze real-time data.
GoM spill to boost IT spending, predicts IDC