In the oil and gas industry, analytics are used to improve both upstream and downstream operations, from optimizing exploration and forecasting production to reducing commodity trading risk and understanding customer's energy needs. If you plan to derive value from the digital oil field, big data, and analytics, one of the first things […]
What's that productivity related quote by Charles Dickens? "My advice is never do tomorrow what you can do today." For years, machine learning has been written about and discussed widely with a focus on the benefits it will bring in the near future. But guess what? The future for machine learning […]
The smart grid is a technology infrastructure that adds intelligent capabilities to the electricity distribution system. When you apply analytics to the smart grid data, you can automate and improve operations, maintenance, planning and customer satisfaction - among other processes. As utilities continue to upgrade meters, transformers, and add new sensors and equipment, […]
I've been playing around with this equation to show how big data derives value using analytics. From my perspective, it looks like this: Big data + analytics = Hadoop + SAS = Value. To expand the equation, I started thinking about the V's of big data and the D's of analytics. You've probably heard about the […]
Get value from the V's of big data by using the D's of analytics was published on SAS Voices.
I'm not just talking about all the energy put in planning, scheduling, and supporting this great event, which is in Dallas, TX next week, April 26-29. I'm talking about all the presentations about using analytics in energy related industries, particularly in Utilities and in Oil and Gas. There is a […]
When you start using all three types of advanced analytics (data mining, forecasting, and in particular optimization), you can help figure out the true economic feasibility of many projects. When needed, you can also use analytics to determine the infeasibility of on-going and or proposed projects. A colleague of mine, Louis Fabbi, […]