Now more than ever, the oil and gas production needs to focus on accurate data management strategies. The industry is expected to attain immense growth as the future promises new technological possibilities and an increase in demand. Already known to rely on data-driven assets, it’s...
Irrespective of the expanse of the manufacturing process, the Bill of Materials (BOM) plays a vital role in production. All companies – large or small – use the BOM as a guide and list of their final purchases. BOM is involved in every step of...
The world has become receptive to the use of data science and analytics technologies. Oil and gas companies are no different and have been using advanced technologies for data-driven decision-making. These companies can improve production by 6-8% with the adequate use of data technologies. These...
For over two decades, organizations have been accumulating data and building systems to store, manage, and analyze it. Along the way, they've created several governance frameworks competent enough to facilitate some level of control over the data in their possession. However, as the data's sophistication...
Consider this: Businesses spend approximately $50 billion every year in unplanned maintenance Up to 30% of all manufacturing deaths are related to a maintenance activity. Because of unplanned downtime, factories lose 5% and 20% of their productive capacity. The one solution that could potentially solve all these problems is...
Due to the complexity of Enterprise Asset Management (EAM), data quality challenges are inherent in its practice. Such prevalence, however, prevents the asset managers from reflecting upon the substantive state of organizational productivity, performance, and prospective growth. For instance, some organizations' assets are not accurately defined,...
Already a hot topic in corporate boardrooms and faced with accelerating demand due to events like the COVID-19 pandemic, organizations are quickly taking their digital ambitions into reality. In 2021, Gartner estimates that USD 4 Trillion will be spent on IT initiatives worldwide as more...
In the last few years, B2B eCommerce has become as popular as its B2C counterparts. Studies show that B2B e commerce model has reached a worldwide value of $7.7 trillion compared to B2C’s $2.3 trillion. Content has played a major role in the growth of B2B eCommerce. Product specifications and...
The world is today driven by an exponential range of different digital technology innovations. Consumers demand digital-first experiences for nearly all of their daily such as shopping, entertainment, travel, finance, and much more. In this regard, data becomes the new oil of the 21st century....
Ever since computers became mainstream, there has been a steady growth in the amount of digital data that was created by humans. The rise of the internet and the transformation of mobile devices into smartphones created an explosive growth for data generation, especially during the...
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