There has been a huge leap in the oil and gas space to embrace software to improve productivity on the corporate side, in field locations and at production sites. Over the last few years the industry has been introduced to technology terms such as big data, machine learning, artificial intelligence and IoT or Internet of Things. Blockchain and bitcoin has also entered the oil and gas arena. Data visualization is another popular tool used today to quickly interpret and process data as it is created and displayed. At the same time, there has been a push to transfer all productivity data to remote servers or to a cloud storage. However, the industry has been slow to fully adopt this measure. Maintaining control of critical data is still a priority for many oil and gas companies. There are now several companies in the oil and gas industry creating software tools that improve the way employees complete work assignments in various departments from accounting and procurement to design and production. In this issue of OILMAN we dive into how the oil and gas industry deploys software that allow personnel to do more tasks in less time and how the industry is using technology to pull and review information in the field that was once a manual process. The race is on to connect human capital to technology that will position the oil and gas industry for growth.
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.