Big Data Improving the Energy Sector

[kreslik.news]

Intuition suggests that, if a little bit of information is valuable, then a lot must be more so. But is it? It’s not the data itself, but the ability to put it towards some useful task that matters. One of the most concrete ways in which big data can be brought to bear on the everyday is through predictive analytics, the science of using facts from the past to analyse the present and predict the future.

In the oilfield, a simple yet powerful way of making use of data and predictive analytics is for automatic surveillance by exception. By learning from the ... (read more)