The oil and gas industry has been rocked by volatility and disruption, which are remaking the heart of this business. And just as digital transformation has radically altered venerable businesses, such as retailing, finance, and publishing, information technology (IT) is rapidly transforming virtually every aspect of the $1.7 trillion global oil and gas market. With a very fast proliferation of IoT devices throughout all phases of the value chain, sensor component miniaturization, the availability of faster storage and compute power at lower prices, and advanced artificial intelligence and machine learning techniques coming into the mainstream, oil and gas companies face major decisions and choices aimed at leveraging information to compete and to survive.
As this eBook will demonstrate, the oil and gas industry today is all about data-driven growth, not simply finding reserves and sinking new wells. Without the proper platforms for analyzing the highly complex data sets in huge volumes, a predictable business in an environment of dynamic uncertainty is not possible.