/* ---- Google Analytics Code Below */

Thursday, June 11, 2015

Big Oil Embraces Big Data

Last year discussed analytics with an energy services company.

Big Data and Big Oil: GE’s Systems and Sensors Drive Efficiencies for BP

With energy demands rising and reserves of oil and gas becoming more challenging to access, the productivity revolution promoted by the Industrial Internet is of vital importance to the oil and gas sector. By combining decades of manufacturing expertise with its rapidly expanding software engineering capability, GE is leading the big data revolution so that its customers can operate both more effectively and efficiently.

The Industrial Internet drives improved business outcomes for customers by harvesting the vast quantities of data produced by the GE machines they have installed, such as jet engines and MRI scanners, and feeding this into advanced analytical systems. By analyzing the data it is possible to pursue the ‘power of one percent’, a GE term which states that efficiencies of only one percent can make a dramatic impact across the $32.3 trillion of relevant sectors.  ... " 

No comments: