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.