For the oil and gas sector, this could mean making drilling adjustments on the spot. It could also mean collecting data from various sources, analyzing it and using that knowledge to grow production and revenue.
For the oil and gas sector the threat remains, but the methods are the same, experts say.
The industry can benefit quickly by approaching Big Data from the place of maximizing value by minimizing complexity.
Using technology to generate, process and analyze data can lead to improved operations.
With big data and predictive analytics, operators can use production surveillance, comparing predictions to new actuals to determine how a particular oil or gas asset is performing. In response, adjustments can be made to improve production and overall operations.
Asset Guardian Solutions specializes in protecting companies’ process critical software assets.
Under the five-year contract, BP said it will offer courses next year in a new-state-of-the-art Maersk Training facility in Houston.
As hackers unleash clever cyberattacks, companies and individuals can work together to protect valuable data.
Success calls for technology investment despite industrywide cutbacks and high costs, according to panelists.
Companies embrace prescriptive analytics to improve production.
Data-driven models can shed light on factors that influence operations.
The push to exploit big data and apply analytics comes as operators work to increase production.