Basic steps to take when applying analytics processing

摘要

Reducing the break-even price of U.S. shale oil production requires the intelligent application of what Goldman Sachs refers to as "brawn, brains, and bytes." Any discussion related to bytes must address use of data analytics to accelerate insights by engineers and other experts into Big Data. These insights can improve operations, increase safety, and cut costs. According to McKinsey, these types of improvements represent a $50 billion-dollar opportunity in upstream oil & gas, including increasingly important shale oil.