big data analytics in oil & gas
DESCRIPTION
In 2011, according to Fortune magazine, oil refining generated north of $5 trillion in sales, or 17% of Global 500 revenues. Oil & Gas is the largest sector, in terms of revenue, in the 2012 Global 500 list - 8 of the top 10 companies on this list are in the energy business. Oil & Gas vertical has been using Big Data as a way of doing business long before Big Data became a media buzz. Before they drill a single hole, Oil & Gas companies pile through multiple, large, and disparate datasets - seismic, weather, financial, electromechanical, geopolitical, environmental, etc. - to increase their odds of getting oil out of the ground profitably and safely. This panel of industry veterans and analytics experts will provide several examples of how the Oil & Gas industry uses Big Data today. The panel will also discuss how new inventions in Big Data Analytics technologies - especially, Prescriptive Analytics - hold the promise to transform several fundamental processes in the Oil & Gas industry. Learn more about Prescriptive Analytics(R) software at www.ayata.com,TRANSCRIPT
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Big Data Analytics in Oil & Gas DataWeek – Adam Farris (Drillinginfo), Atanu Basu (AYATA)September 27, 2012
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World ’s Largest Indust ry Sector
Total Revenue = $29.5 trillion
Oil & Gas (#1)
$5+ Trillion
8 out of Top 10
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US Consumpt ion , Product ion , and Impor ts
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Energy Companies Are Here To Stay
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GARTNER Analyt ic Ascendency Model
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P r e d i c t i o n s
D e c i s i o n s
Predictive Analytics
Prescriptive Analytics ®
How will these decisions impact everything else?
E f f e c t s
What will happen?When will it happen?Why will it happen?
How do we benefit from these predictions?
Prescr ipt ive Analyt ics – Quest ions I t Answers
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Top 3 Pr ior i t ies in Oi l & Gas
Find Oil & Gas
Produce Oil & Gas
Reduce Environmental Impact
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Find Oi l & Gas
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Produce Oi l & Gas
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Reduce Envi ronmenta l Impact
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Thank you!
Adam FarrisSenior Vice President
D r i l l i n g i n f [email protected]
512-550-6388
Atanu BasuCEO & President
512-736-6781