Rigzone Looks Back: The industry’s need to better understand subsurface has driven oil and gas companies to collect a greater volume of data overall, more types of data, and is gathering data more frequently and at higher speeds. As a result, oil and gas companies are grappling with how to leverage Big Data to improve their business strategies.
Now that the oil and gas industry has addressed the challenge of storing Big Data – the collection of data sets so large and complex that processing it with traditional data applications is difficult – oil and gas companies are seeking how to leverage Big Data to improve their business strategies.
The desire to collect more data for informed decision-making is driving the industry’s need to address Big Data. The oil and gas industry’s need to better understand subsurface has driven oil and gas companies to collect more data, more types of data, more quickly and at higher frequencies, said Dale Sperrazza, director of marketing at Landmark Software & Services, a division of Halliburton, in an interview with Rigzone.
“Geoscientists in particular are always looking for more data – consequently, the amount of data being gathered in the well planning and drilling process has skyrocketed,” said Sperrazza.
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