Recognizing the Value of Untapped Data: Big Data and Analytics in Oil and Gas
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In this white paper, IDC Energy Insights addresses the use of Big Data and analytics in the oil and gas industry. New technology has made possible access to greater volumes of a variety of data at higher velocities.
However, the concept of Big Data and analytics is still relatively new to the industry, and there are some barriers to adoption. The document explores two examples of how Big Data and analytics technologies are currently being used to improve water injection strategy and reduce the time and cost to drill.
It also addresses how Big Data and analytics can help enhance production, speed resource discovery, or provide early warning of potentially disruptive incidents.
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