Using data analytics to extract insights. Oi & Gas Industry Infographic

1. BigDataReserves
Volume
1
FORDATAANALYTICS TO EXTRACT INSIGHT
3D seismic data sets,
surface monitors, drill
measurements, weather,
market prices, etc.
Velocity
2
Real-time streaming
data SCADA systems,
drill heads, flow &
condition sensors, etc.
Variety
3
Structured,
unstructured,
semistructured
(processed) data.
“To be globally competitive, the Oil and Gas sector needs to focus on deriving
value from operational datawith analytics supported by online
tools, real-time data streams, mobile deployments”
—Nigel Wallis, Research Director, IDC Canada
Drilling
An IDC Infographic, Sponsored by SAP
All IDC research is © 2013 by IDC. All rights reserved. All IDC
materials are licensed with IDC's permission and in no way
does the use or publication of IDC research indicate IDC's
endorsement of SAP’s products/or strategies.
EACH PRODUCTIVE WELL GENERATING THE FULL
TEXT DATA OF WIKIPEDIA EVERY WEEK
Of Production Data DAILY(estimate)
One Well
1TERABYTE
11,475wellswillbedrilledacross
Canadain2013
PETROLEUM SERVICES ASSOCIATION CANADA (PSAC) ESTIMATE
ExtractingValue
What are the three most critical objectives your organization looks
to achieve through the use of business intelligence and analytics?
38%
Better
Financial
Management
47%
Cost Control
or Reduction 49%Asset & Productivity
Optimization
Source: SAP Canadian Analytics Study, 2012
“Increased growth in the volume, variety and velocity of technical data, and a
larger role for unconventional resources like shale gas and tight oil will drive
oil & gas companies to focus their IT investments on data
management and analytics, as well as mobility.”
— Jill Feblowitz, Vice President, IDC Energy Insights.
TheNeedforAnalytics
2012 Canadian study of Oil & Gas businesses with revenue of $100
million+ that regularly use analytics to inform their decision making:
47%
of respondents
identified Operations
as one of the top
three analytic users
71%
use offline
tools such as
spreadsheets
21%
have continuous
real-time
monitoring
& analysis
1/2
have implemented
analytics on
tablets and
smartphones
Source: SAP Canadian Analytics Study, 2012