The heightened technological development in the 21st century would not have been possible without the contribution from the oil & gas sector. Our dependence on the crude and its products has made it one of the industrial sectors that contribute around 2 to 3 per cent to the overall global economy. In fact, in 2017, the consumption of crude grew by 1.4 million b/d and its production increased by 2.2 million b/d.…Continue
Added by Sanjeev Verma on December 18, 2019 at 11:55pm — No Comments
In 2006, marketing commentator Michael Palmer had blogged, “Data is just like crude. It’s valuable, but if unrefined it cannot really be used.”
After nine years, the statement still holds true across any industry that depends on large volumes of data. It is true that until and unless, data is not broken down into pieces and analyzed, it holds little value.
As the world becomes more receptive to the advantages of big data, the oil industry does not seem to be far…Continue
Added by Deena Zaidi on October 4, 2017 at 7:00pm — No Comments
Over the past six months we have been working with the reliability and maintenance organization within a large oil and gas client to build out their Master Equipment List (MEL). Like many asset-intensive organizations, they have implemented an Enterprise Asset Management (EAM) tool to give them visibility and control over their capital equipment to optimize their maintenance strategies, reduce operating costs, and better manage their workforce and spare parts inventories. The challenge is…Continue
Added by Sullexis LLC on October 6, 2014 at 8:00am — No Comments