Industries don’t come much bigger or more strategic than oil and gas. Wars are fought over it. Nations base claims to the economic wisdom of self-determination on it. And it is a rich field for predictive analytics.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
Predictive analytics software is being used in the oil and gas industry to better manage asset maintenance on capital equipment. Canada-based oil and gas company Nexen is using predictive analytics software to help predict when equipment needs replacing or cleaning. And Statoil, a Norway-based oil and gas company is using analytics tools to minimise the environmental impact of drilling and exploration.
Research firm Gartner’s London summits on business intelligence and Master Data Management mark the beginning of another year in data management. 2012 signals the serious advent of mobile BI, said Gartner analyst Andreas Bitterer, as the firm presented the need for better BI strategy and structure in a landscape characterised by constant intra-organisational struggle and slender cloud adoption.
At its MDM summit, Gartner urged IT leaders to pay more attention to information governance as the European economy worsens and corporate organisations face tougher regulations and data leaks. One fifth of CIOs in regulated industries will lose their jobs for failing to implement the information governance properly, the firm predicts.
While oil and gas is at one end of the scope and scale of analytics, Medway Youth Trust, a charity, is at the other. There, a small team has deployed IBM SPSS Modeller to identify school pupils at risk of becoming NEET – not in employment, education and training. The trust’s youth workers have used the system to reduce the number of young people who do become NEET. This was a relatively small scale project, but it won the Gartner BI Excellence Award in EMEA, thanks to delegate votes at the firm’s BI summit.
I hope you find these articles to be of interest. If you would like to contact me about any aspect of data management, analytics or BI, please do so.
Each month, SearchDataManagement.co.UK editors choose recent articles and other content to highlight here for our readers. We welcome your feedback on these items and our site in general–you can contact us directly or at email@example.com.