drilling for data: analytics to extract insight infographic
DESCRIPTION
http://spr.ly/AA_Industry - According to a recent study by IDC Canada, only 21% of oil and gas companies in Canada are drawing value out of their production data with real-time monitoring and analysis. Yet, the huge amounts of data in oil and gas represent a unique opportunity for organizations to better understand their operations and run smarter.TRANSCRIPT
Big Data ReservesVolume
1
FOR DATAANALYTICS TO EXTRACT INSIGHT
3D seismic data sets, surface monitors, drill measurements, weather, market prices, etc.
Velocity
2Real-time streaming data SCADA systems, drill heads, �ow & condition sensors, etc.
Variety
3Structured, unstructured, semistructured (processed) data.
“To be globally competitive, the Oil and Gas sector needs to focus on deriving value from operational data with analytics supported by online tools, real-time data streams, mobile deployments” —Nigel Wallis, Research Director, IDC Canada
DrillingAn 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
1 TERABYTE
11,475 wells will be drilled across Canada in 2013PETROLEUM SERVICES ASSOCIATION CANADA (PSAC) ESTIMATE
Extracting ValueWhat 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.
The Need for Analytics2012 Canadian study of Oil & Gas businesses with revenue of $100 million+ that regularly use analytics to inform their decision making:
47%of respondents
identi�ed Operations as one of the top
three analytic users
71%use o�ine
tools such as spreadsheets
21%have continuous
real-time monitoring & analysis
1/2have implemented
analytics on tablets and
smartphones
Source: SAP Canadian Analytics Study, 2012