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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.
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