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Advanced Data Analytics in the Energy Industry

Oil and gas companies rely on accurate and reliable data analytics to optimise production, drive down costs, and improve operations across the entire value chain. AI-driven data processing technology is now table stakes in the energy industry, and will be key to companies’ abilities to meet demand, limit emissions, and support a renewable future.

Key fact: In oil and gas operations, less than 1% of data is used to inform decision making

Using machine learning algorithms and real-time AI applications, advanced analytics are able to collate and examine big data from oil and gas operations and extract key trends, relationships, and other pieces of valuable information. Not only does this enhance visibility across every stage of production, it also highlights areas of optimisation and provides actionable insights into operations.

This kind of data processing technology also supports predictive maintenance solutions, providing condition-based monitoring, scenario-based simulations, and preventative measures so that operators are always one step ahead of equipment and assets.

Benefits

  • Improves decision making

  • Extends asset lifetime

  • Optimises operations across the entire value chain


Learn more insights by browsing our resource centre and learn more about digital trends shaping operator responses to the coming hydrocarbon boom and energy transition in the Innovation Forecast in Energy.

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A bronze award in the 'Startup of the Year: Business Services' category