New industry whitepaper takes an in-depth look at how agile oil and gas companies are using big data to improve bottom-line performance
HOUSTON, Aug. 16, 2016 /CNW/ -- Quorum, the industry leader in software for hydrocarbon and energy business management, today announced the release of a new whitepaper to help oil and gas professionals understand how to apply big data and advanced analytics. Big Data and Analytics Applied to Oil and Gas explores the technology behind big data systems as well as the application of data in real-world scenarios.
Quorum refers to the ability for oil and gas companies to identify relationships, understand the context and analyze data across the energy value chain as "connected energy intelligence." Growth in internet-connected devices that collect and exchange data, commonly referred to as the Internet of Things (IoT), makes connected energy intelligence possible. Leveraging data from all areas of the business with IoT and cloud computing and then bringing the information together in new ways with analytics, big data, and machine learning forms the basis for connected energy intelligence.
Current market volatility is proof positive that optimization is a must in the oil and gas value chain. Companies that leverage data to improve business processes will not only survive, but thrive during market downturns and dominate the industry on the next upswing.
Quorum's big data whitepaper explores:
- How oil and gas companies endure real-world variables in today's volatile market.
- How interconnect technologies such as storage, data, cloud and IoT come together to deliver connected energy intelligence.
- How to apply interconnected technologies to oil and gas.
- How leading oil and gas companies are taking advantage of data-driven decision-making.
Read the latest whitepaper from Quorum to learn how to apply big data and analytics across the oil and gas industry. Get your free copy of the latest Quorum whitepaper today.
Quorum makes innovative software for hydrocarbon and energy business management. Our platform of integrated solutions is designed with deep industry expertise using next-generation technology. It delivers advanced functionality, improved efficiency, and enhanced regulatory compliance. And it is proven to maximize profit throughout the energy value chain to drive customer success. For more information, visit www.qbsol.com.
CONTACT: Louisa Glinski,