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BIG DATA: Influence and Impact on the Energy Industry Markets change at a drop of a hat, and the success of the a business depends on the decision makers’ ability to forecast the industry trade winds. In recent years, the rise of Big Data analytics offers real promise for the energy industry to improve their bottom line. Oil and gas is one of the most dynamic and critical industries in the world and having the right information on hand is crucial for turning possible obstacles into opportunity. Read Quorum’s free whitepaper “How to Apply Big Data and Analytics to the Oil and Gas Industry” to learn more: http://info.qbsol.com/lp_big_data_whitepaper_ws more likely to make decisions faster than their peers 5X more likely to execute decisions as planned 3X Energy companies with better analytics are: TOP 25% more likely to have better analytics capabilities 2X in oil and gas are 59% Increased employee productivity by with big data 80% of energy companies plan to invest in digital technologies over the next 3-5 years R e d u c e d o w n t i m e 50% Sources: "2016 Upstream Oil and Gas Digital Trends - Accenture." Accenture Consulting. Accenture, n.d. Web. 17 Aug. 2016. Bertocco, Riccardo, and Vishy Padmanabhan. "Big Data Analytics in Oil and Gas." Oil & Gas Financial Journal. PennWell, 22 Sept. 2014. Web. 17 Aug. 2016. Manyika, James, Michael Chui, Peter Bisson, Jonathan Woetzel, Richard Dobbs, Jacques Bughin, and Dan Aharon. "Unlocking the Potential of the Internet of Things." McKinsey & Company. McKinsey Global Institute, June 2015. Web. 17 Aug. 2016. Marr, Bernard. "Big Data In Big Oil: How Shell Uses Analytics To Drive Business Success." Forbes. Forbes Magazine, 26 May 2015. Web. 17 Aug. 2016.
