We have improved the decision-making capabilities of our client as well as mitigated a significant amount of their costs.
About the Industry
The role of analytics in the oil and gas industry has helped in the implementation of the responsible governance process. The exploration and production operations are increasingly turning to digitization, which is the prime reason behind the generation of massive data sets in a proportionate manner. Although Big Data & Advanced Analytics play the lead role in the energy sector, unstructured data obtained from multiple sources have also started contributing towards creating an effective business solution.
The deployment of automated solutions facilitates critical decisions, which ultimately improves the overall business processes. Integrating operational technologies with analytical ones provide immediate effects such as refining the recovery rates, saving time and resources, and providing actionable insights.
About the Client
Our client is one of the world’s largest oilfield service provider companies. Headquartered in Houston Texas, the total revenue of the organization is 1.3 billion. As a growing workforce, there is a lot of involvement in producing digital solutions based on the principles of the Industrial Internet of Things.
The long list of mergers, acquisitions, and joint ventures clearly states the growth-centric motive of our client. Expanding across all the major oil-producing nations as well as performing rigorous research across untapped regions. Australia, Singapore, Malaysia, India, and Germany are the central business zones of our client.
Our client was facing the following challenges that largely impacted their business: