big data & analytics
Unleash the power of your data! With our Big Data and Analytics solutions, transform raw data into valuable insights that drive decision-making. Don’t just compete, dominate with data. If you wonder how to optimize the use of your data, partner with Fox & Waterman now.
Our solutions
Applying Big Data & Analytics concepts to various aspects of the oil, gas, chemicals, and power industries can be highly rewarding. . Here are some specific applications
Oil & Gas
1. Understanding Reservoirs: Big Data and analytics can help operators acquire a better understanding of their reservoirs and therefore make better exploration and production decisions1.
2. Drilling Optimization: Big Data can assist in oil well designing and drilling, optimizing well placement and spacing to increase production1.
3. Risk Measurement: Subsurface risks can be measured through Big Data1.
4. Production Forecasts: Big Data can provide optimal flow rates, pressure, and other variables for maximum lifetime well production1.
5. Maintenance Planning: Big Data can play a role in the planning of maintenance shutdowns at refineries1.
6. Safety Measures: Big Data can be a great asset in anticipating health and safety risk throughout the value chain1.
Chemicals
1. .. Process Optimization: Big Data can optimize chemical processes by analyzing historical and real-time data.
2. Supply Chain Management: Big Data can optimize the supply chain and use resources to increase returns.
Power
1. Asset Optimization: Big Data enhances many activities, from asset optimization to customer segmentation2.
2. Predictive Maintenance: Power companies are using Big Data-based solutions to predict maintenance operations2.
3. Pricing Optimization: Distribution companies are using machine learning-driven trading platforms to optimize pricing2.
4. Grid Resilience: Suppliers are promoting context-aware computing systems to lower prices and ensure grid resilience2.
5. Energy Transition Acceleration: Big Data can speed up the energy transition, saving time and money2.
benefits
Big Data has the potential to transform these industries by improving efficiency, enhancing safety, optimizing operations, accelerating energy transition, and much more.
1. Improved Decision Making: Big Data transforms enormous datasets into sound decisions.
2. Reduced Operational Costs: Big Data helps optimize processes, leading to significant cost reductions.
3. Extended Equipment Lifespan: Predictive models that forecast potential equipment failures can help extend the lifespan of equipment.
4. Lower Environmental Impact: Big Data can help companies measure and reduce their environmental impact.
5. Process Optimization: Big Data can optimize chemical processes by analyzing historical and real-time data.
6. Supply Chain Management: Big Data can optimize the supply chain and use resources to increase returns.
7. Asset Optimization: Big Data enhances many activities, from asset optimization to customer segmentation.
8. Predictive Maintenance: Power, oil, and chemical are using Big Data-based solutions to predict maintenance operations.
9. Pricing Optimization: Distribution companies are using machine learning-driven trading platforms to optimize pricing.
10. Grid Resilience: Suppliers are promoting context-aware computing systems to lower prices and ensure grid resilience.
6. Energy Transition Acceleration: Big Data can speed up the energy transition, saving time and money1.