People often refer to owning a boat as the equivalent of having a hole in the water you throw money into, referring to the consensus that boats are money pits. Well what if those boats were massive in size and there were many of them? What if millions of dollars were potentially at stake because the cargo was a vital resource that must be adequately monitored and maintained? That becomes quite a bit of a game changer. There are ships all around the world that hold and transport one of our most valuable resources, fuel. Because of this, it is critical that the fuel is measured and analyzed with pinpoint accuracy, to increase the bottom line, ensure efficiency, and improve the overall performance of a fleet.
Oil and gas companies are regularly faced with many industry-specific issues to overcome. Such issues, including exploration and drilling, are often complex and intricate processes with many unique challenges to overcome. Data analytics can play a massive part in streamlining some of the most fundamental operations that are involved in the oil and gas industry.