Well Lifecycle Resources (WLR) Harnessing the Power of “Well Data”
BIG DATA SPECIAL / FEBRUARY – 2017 – ENERGYCIOINSIGHTS.COM, The impending need for energy systems to become more intelligent and automated entails usage of data sources for capturing, crunching and creating meaning to information streaming from various sources like power usage, plant performances and recycle metrics. The adopted process is much like the transformation that the Internet went through – power companies are beginning to incorporate technologies like blockchain, Big Data and remote data distribution.
A recent research conducted indicates that energy organizations that use Big Data as an integral technology in their processes are 23 times more likely to prevail over those that are not. Considering this wide margin, it shouldn’t come as a surprise that the number of emerging startups focused on delivering big data solutions for smart metering, asset and workforce management, and grid operations are on the rise; exponentially. Big data has two major promises for the energy sector – automation of processes and predictive analytics.
With the Oil and gas sector, the primary source of energy in the world today, generating terabytes of data on a weekly basis, energy companies have already been impelled to revolutionize their systems and process to incorporate big data solutions from a variety of vendors.
In the last few months, a distinguished panel comprising of CEOs, CIOs and analysts, along with Energy CIO Insight’s editorial board reviewed and shortlisted the top companies, at the forefront of tackling big data challenges for the energy sector. In this edition of Energy CIO Insights, we present to you “Top 10 Big Data Solution Providers 2017,” featuring the companies that are delivering promising big data solutions to the energy sector.