Saudi Aramco – Digital Transformation Strategies
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Saudi Aramco Digital Transformation Strategies Report Overview
Saudi Arabian Oil Co (Saudi Aramco) is using big data analytics, artificial intelligence, and IoT to digitally transform its operations. The annual ICT spending of Saudi Aramco was estimated at $3.3 billion for 2023. A major share of this spending is earmarked for acquiring software, hardware, and network and communications services from vendors. Saudi Aramco is a state-owned energy and chemical company. It carries out the exploration, production, and processing of crude oil and natural gas, refining, fractionation of natural gas, production of petrochemicals, and distribution of petroleum products and natural gas.
Total ICT Spending 2023 | $3.3 billion |
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 | Big Data Analytics, Artificial Intelligence, Cloud and IoT |
The Saudi Aramco Digital Transformation Strategies report will act as a reference point to understand a 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, technology initiatives, technology introductions, investments, acquisitions, and ICT spending among others.
Digital Transformation Strategies
Saudi Aramco is leveraging data collected from its facilities through sensors and applying AI and machine learning algorithms to derive meaningful insights that help in optimizing operational capabilities. In August 2021, Saudi Aramco deployed the FogHorn Lightning Edge AI platform to enhance safety, proactive monitoring of equipment failure, and automation of drilling processes at the site.
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Saudi Aramco Technology Theme Focus
Saudi Aramco is utilizing several emerging technologies including big data analytics, artificial intelligence, cloud, and IoT among others to enhance its operational and service capabilities.
Saudi Aramco Technology Focus
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Saudi Aramco Technology Initiatives
Saudi Aramco has been involved in several strategic technology partnerships and collaborations, technology developments and rollouts, technology investments, and acquisitions over the past few years.
For instance, in 2019, Saudi Aramco and Gazprom Neft partnered to jointly develop machine learning and neural network technologies to considerably raise the efficiency of planning the field development and prevent huge losses that could result from inaccurate modeling.
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Saudi Aramco ICT Spend by Function
- Datacenter
- Communications
- Network
- Applications
- End-user computing
- Management
- ICT Service desk
Saudi Aramco ICT Spend by Function, 2023 (%)
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Saudi Aramco ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
Saudi Aramco ICT Spend by Channel, 2023 (%)
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Saudi Aramco ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Consulting
- Network and communications
- Others
Saudi Aramco ICT Spend by Segment, 2023 (%)
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Scope
This report provides:
- Insight into Saudi Aramco’s technology activities.
- Insights of its accelerator, incubator, and other innovation programs.
- Overview of technology initiatives covering partnerships, technology introductions, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into Saudi Aramco’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, investments, and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Saudi Aramco in 2023?
The annual ICT spending of Saudi Aramco was estimated at $3.3 billion in 2023.
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Which is the leading ICT spending category by function for Saudi Aramco?
The network is the leading ICT spending category by function for Saudi Aramco in 2023.
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Which is the leading ICT spending category by channel for Saudi Aramco?
Internal development and maintenance is the leading ICT spending category by channel for Saudi Aramco in 2023.
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Which is the leading ICT spending category by segment for Saudi Aramco?
Software (including cloud SaaS) is the leading ICT spending category by segment for Saudi Aramco in 2023.
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What are the key technology themes in focus for Saudi Aramco?
The key technological themes in focus for Saudi Aramco are Big data analytics, artificial intelligence, IoT, and 3D printing
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