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Big Data Report, Oil & Gas Technology Report

Big Data in Oil & Gas - Thematic Research

With oil prices declining and reaching extreme lows, companies turn to big data to cut the exploration and production costs.

Industry-wide cutbacks and layoffs are the result of the drastically declining oil prices

  • What you need to know...
  • An increase in demand for advanced analytics is one of the major trends in the global big data market in the oil and gas sector.
  • Many modern big data vendors have to contend with a growing market perception.
  • O&G companies are generating a massive amount of data every day from well drilling to pipeline operations.
  • The future of O&G companies is expected to depend on the ability of the IoT to harness the power of Big Data with the use of advanced analytics.

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