According to Quantzig’s Experts, the Demand-Supply Gap in Oil and Gas Industry Can Be Met With the Help of Big Data Analytics

Quantzig, a global analytics and advisory firm, has announced the completion of their latest big data analytics study on the oil and gas industry. The client, a leading oil and gas firm, wanted to identify and fill the gap between demand and supply among the potential target markets. The main objective of the client was to improve their exploration and drilling efforts with the help of big data analytics solutions. The client also wanted to identify the superior technologies in the market and devise robust strategies to make better business decisions.

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According to the big data experts at Quantzig, “Leading organizations are using big data analytics to improve their decision-making process. They are able to tap new resources, increase recovery rates, and reduce environmental impact with the help of big data analytics.”

The oil and gas industry has always dealt with a large number of data; as a result of which, organizations have started relying on big data analytics to improve their exploration and drilling activities. In the oil and gas industry, big data analytics helps track oil reservoirs, assess machine performance, and oil flow rates. Quantzig’s analysts believe that the introduction of digital oil field technology, which has helped the oil and gas producers to provide energy at cost-effective rates and address environmental and safety concerns at the same time, is one of the key developments in the oil and gas sector.

The solution offered by Quantzig helped the client to improve their oil field and plant performance and effectively track buying propensities, people’s behavior, and sentiments. Additionally, the client was able to collect real-time data at lower costs and increase their ROI. With the help of this engagement, the client was also able to devise effective strategies to target new markets segments and eventually reduce the risks associated with exploration and drilling activities.

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This big data analytics solution provided benefits that helped the client to:

• Effectively organize the logistics, refinement, and distribution of oil and gas
• Gather and analyze data on subsurface and improve decision-making
• To read more, request a free proposal

This big data analytics solution offered predictive insights on:

• Managing a variety of data collected to optimize design and production
• Reducing non-productive time and improving completion efficiency
• To read more, request a free proposal

View the complete big data analytics study here:

https://www.quantzig.com/content/oil-gas-industry-big-data-analytics

About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 12 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on all of Quantzig’s services and the solutions they have provided to Fortune 500 clients across all industries, please contact us.

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