improved shipping and transportation,and improved occupational safety are among some of the applications of Big Data in oil and gas industry.Although the oil and gas industry has become more interested in utilizing Big Data analytics recently,but,there are still challenges mainly due to lack of ...
Until recently, Big data Oil and Gas was just an idea, whereas it was being widely used in other business sectors for a relatively longer time such as Retail (both bricks and mortar as well as E-commerce), Online Advertising, Healthcare & Medical Insurance, Banking and Financial markets. ...
Big data analytics is the practise of analysing big and diverse data sets in order to assist enterprises in making more informed business decisions. Furthermore, the use of big data in the oil and gas industry has improved data management efficiency by integrating real-time production, maintenance...
The data generated in the oil and gas industry in growing in terms of variety, volume, and velocity, said the research firm. The industrial sector is also adding to the overall development of this market. The growing technological advancement in the field of imaging systems, material study and...
Growing Influence of Big Data in the Oil and Gas Industry Big data and data analytics are being used in the oil and gas sector to process and analyze large datasets. The data comes in two categories — structured data such as risk and project management documents, seismic surveys, surface an...
Upstream oil and gas industry frequently discards or ignores the data it collects • The sector tends to view data asdescriptive informationabout the state of assets • Leaders in Big Data, by stark contrast, regard data as an asset in and of itself ...
for the oil and gas industry through 2018. Decision makers are convinced that if other industries such as airlines and consumer Internet players such as Amazon and Expedia can leverage big data to drive efficiency and growth, the same should and can apply to the oil and gas industry. ...
Khurais oil field At Khurais, one of our largest oil fields, we have deployed 40,000 sensors to monitor more than 500 oil wells — creating the world’s first Advanced Process Control (APC) for a conventional oil field. Harnessing the latest advances in Big Data analytics, machine l...
Implementing real-time automation and big data analytics has become vital for the oil and gas industry. Real-time automation refers to using a control system, sensors, and an IT solution to monitor or control operations in real-time. It leads to faster decision-making and efficiency in ...
The IT systems at most oil and gas companies include a multitude of legacy software applications purchased from various vendors in different formats across many different functions. The inflexible architecture of these systems often makes the underlying data inaccessible. In addition, the industry has ...