The Global Big Data Market in the Oil and Gas Sector Through 2020



Emerging technologies including Cloud computing, mobile, Big Data solutions and Internet of Things (IoT) applications are deeply transforming each industry and sector in our ever-connected world.

 

Beyond set of reluctances, concerns and challenges related to data security and network performance, it is now clear that, organizations of all sizes through our network of Professional-Business Blogs are aware of the stakes.

Oil and gas companies, with primary activities including: exploration, drilling, production, and maintenance generate large amounts of data; and henceforth, these organizations are turning to big data analytics and solutions to capture actionable business, critical and strategic insights from this vast amount of data.
Now they can increase application for tracking machinery, equipment, and personnel performance, they optimize business decision making and innovation.
Oil and gas companies are investing in cloud-based solutions to store the data of their applications, infrastructure, automation, and collaboration.
Technavio’s latest global big data market in the oil and gas sector  identifies the following three emerging trends that are expected to drive the global big data in oil and gas sector:
  • Adoption of user-friendly predictive modeling
  • Increased demand for advanced analytics
  • Emergence of cloud computing technology