Marathon Petroleum Corp – Digital Transformation Strategies
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Marathon Petroleum Digital Transformation Strategies Overview
Marathon Petroleum Corp. (Marathon) is focusing on cloud-based technologies for its digital transformation. The annual ICT spending of Marathon was estimated at $946 million for 2023. A major share of this spending is earmarked for acquiring ICT services, software, and hardware from vendors. Marathon is an integrated downstream energy company, that has 13 refineries across 12 states in the US and supplies gasoline and distillates to resellers across the US. The company distributes refined petroleum products through privately operated domestic fleets of inland petroleum barges and terminal operations.
The ‘Marathon Digital Transformation Strategies’ report will act as a reference point to understand the company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, innovation and accelerator programs, technology introductions, technology partnerships, and ICT spending among others.
| Total ICT Spending 2023 | $946 million |
| ICT Spend by Function | Data Center, Communications, Network, Application, End-User Computing, Management, and Service Desk |
| ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems Integrators |
| External ICT Spend by Segment | Software (Including Cloud SaaS), Hardware (Including Cloud IaaS), ICT Services, Consulting, Network and Communications, and Others |
| Technology Theme Focus | Cloud Computing, Augmented Reality, and Robotics |
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Digital Transformation Strategies
Marathon uses a cloud-based web application to manage the inventory of equipment used in its refineries. The web application functions as a single source of truth for all the inventory data. Approved users can use the application through a web browser or mobile device. The application is hosted on a private cloud, which is more suitable for storing, processing, and managing mission-critical sensitive information and business applications than public cloud services. Marathon developed the web application in collaboration with SWIP SYSTEMS, a US-based software company.
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Marathon Technology Theme Focus
Marathon is utilizing a number of emerging technologies including cloud computing, augmented reality, and robotics among others to drive innovation and enhance operational efficiencies.
Marathon Technology Theme Focus
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Marathon Technology Initiatives
Marathon has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and technology acquisitions over the past few years. For instance, Marathon Petroleum partnered with Axens Group to improve monitoring of equipment across its refineries.
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Marathon ICT Spend by Function
- Data Center
- Communications
- Network
- Applications
- End-user Computing
- Management
- ICT Service Desk
Marathon ICT Spend by Function, 2023 (%)
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Marathon ICT Spend by Channel
- Internal Development and Maintenance
- Technology Vendors (Direct)
- Local Resellers
- Telcos
- ICT Services Providers/Consulting Firms
- Specialist Outsourcers
- Systems Integrators
Marathon ICT Spend by Channel, 2023 (%)
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Marathon External ICT Spend by Segment
- Software (Including Cloud SaaS)
- Hardware (Including Cloud IaaS)
- ICT Services
- Consulting
- Network and Communications
- Others
Marathon External ICT Spend by Segment, 2023 (%)
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Scope
This report provides:
- Insight into Marathon’s technology activities.
- Insights of its innovation hubs and accelerator programs.
- Overview of technology initiatives covering partnerships, and technology introductions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Marathon’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships and technology introductions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Marathon in 2023?
The annual ICT spending of Marathon was estimated at $946 million in 2023.
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Which function accounted for the highest ICT spending for Marathon in 2023?
Network accounted for the highest ICT spending by function for Marathon in 2023.
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Which channel accounted for the highest ICT spending for Marathon in 2023?
Internal development and maintenance accounted for the highest ICT spending by channel for Marathon in 2023.
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Which segment accounted for the highest external ICT spending for Marathon in 2023?
Software accounted for the highest external ICT spending by segment for Marathon in 2023.
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What are the key technology themes in focus for Marathon?
Cloud computing, augmented reality, and robotics are some of the key technological themes in focus for Marathon.
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