Riccardo BertoccoVishy PadmanabhanOil & Gas Financial JournalR. Bertocco and V. Padmanabhan. Big data analytics in oil and gas. Bain Brief, March 2014.
A recent GE/Accenture report shows that 81% of senior executives believe that big data analytics is one of the top three corporate priorities 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 ...
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 digital transformation of the oil and gas industry is not limited to changing the technology and operation paradigm but also requires a change in the nature and type of workforce competencies. Companies moving towards AI, IoT, and big data analytics would require an adequate number of employee...
"More data has been created over the last two years than the last 5,000 years. That's a challenge and an opportunity," said Darryl Willis, Vice President of Oil, Gas & Energy at Google Cloud. ATCE also celebrated the accomplishments of E&P professionals and the industry. More than 50 in...
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...
The 15th Global Oil and Gas Expo is to be held on November 21-22, 2022 Singapore City, Singapore with a theme of 'Recent advancements in the Oil & Gas Industry.
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 ...
inBig Data. The comparison shows that, in companies that are widely considered to be leaders in BigData analytics, data is regarded as a valuable asset—but this is usually not true within the oil and gas industry insofar as data is frequently regarded there asdescriptive informationabout a ...
Major software companies have jumped on this trend.EMC announced a development center in Rio de Janeiro to focus on big data analyticsfor oil and gas. In fact, EMCboaststhat more than 95% of Forbes Global 2000 oil and gas companies use its technology. Other large IT and software companies ...