Big Data and the E&P industries-II: A new era is upon us
Jan 25: The challenges notwithstanding, the world is entering a new era of unprecedented data availability, where digital trends are disrupting traditional business models in the E&P sector. 8These trends have enabled the emergence of Big Data and Advanced analytics 8For the time being the E&P industry lags other leading industries when it comes to broad based adoption. 8However, four key applications are emerging for Big Data in Oil and Gas companies: Digital fields, Predictive plant and drilling analysis, Remote operations and Reservoir modelling and seismic imaging. 8Companies can get ahead in the game by taking the right approach - adopting key success factors, and avoiding typical pitfalls. 8If done right, significant value can be captured from Big Data and Advanced analytics. Click on Reports for more