Today, every industry, including the energy industry, produces an almost inexhaustible supply of data. While other industries may have been quicker to determine how to analyze and leverage that data, however, the energy industry has lagged somewhat behind them. Collecting data may be the first step of data management, but the real value of data is uncovered when it is analyzed and used to draw insights and help predict future performance. As the energy industry, including oil and gas, begins to more fully embrace data management and analytics, it is benefitting the industry in numerous ways. Data can be used…
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