Last Saturday, the Financial Times published an article titled, “BP looks to big data to help weather weak oil price” which explained why BP is expanding their data storage from one petabyte to six petabytes.
It almost seems counter-intuitive, especially in an age of increased competition and renewable energies. Yet BP, along with the rest of the oil & gas industry, recognizes that Big Data is the next industrial revolution. Collecting and retaining that data are the first two critical steps for a business to thrive in this Fourth Industrial Revolution. The efficiencies of Big Data are not hypothetical, they’re not some trend like fidget-spinners. They’re real and they’re proven.
According to the article, BP’s vision is to have a single view of what’s going on in the field. They’ve invested hundreds of millions of dollars into new sensors, as well as the fiber-optic cables necessary to pass millions of new data points per minute. That data is streamed into the cloud, where BP looks to machine learning and AI for improved reliability, safety, and even greater efficiencies. That is the future.
Not fully leveraging your Big Data now is like trying to run a textile business out of your home in the 1700s, when your competition has moved into factories. It’s like making an automobile by hand when some eccentric named Henry is setting up an assembly line.
The companies that did not join the industrial revolutions of the past are gone. Forgotten.
It’s no surprise then that some of the top companies within the oil & gas industry trust Hortonworks to help guide them through this new revolution. Among the many use cases, leaders in this industry leverage Connected Data Platforms to help them:
…and many, many more.
Check out our oil & gas industry page to learn more about how industry innovators leverage Hortonworks.