Big Data in the Oil and Gas Sector: of user-friendly predictive modeling, predictive modeling, interactive visualization, and automation
Definitely, the stakes are now well-ascertained; we are witnessing an exciting introduction of user-friendly predictive modeling, predictive modeling, interactive visualization, and automation tools in the Oil and Gas Sector which are offered either independently or as embedded features of big data solutions for the oil and gas sector.
According to Technavio’s
latest global big data market in
the oil and gas sector report, Enterprises in the oil and gas sector have identified predictive
modeling techniques as an efficient tool to accelerate decision-making.
Organizations have
started using collaborative structured and unstructured data to enhance pattern
recognition and optimize oil and gas operations. For instance, pressure,
volume, and temperature data generated in real time can be collected and
analyzed against historical databases to create patterns for equipment failure.
In fact, the combination of
predictive modeling, interactive visualization, and automation is a game
changer accelerating inter alia methods for developing, ascertaining, and
analyzing predictive models.