There is no getting away from the fact that Big Data is everywhere and the E&P industry is no exception, generating several petabytes of data per square kilometer per day. To put that into context, if you were to count each bit at a rate of one per second, you would still be going over 280 million years later and that is just 1 petabyte! Size, however, is not everything. You can have as much Big Data as you like, but unless you have the ability to analyze that data and extract patterns in a timely fashion, the value of that data will never be realized. Key to being able to leverage this data is having an integrated platform which can take unstructured data for all the different disciplines and connect them easily. This in turn presents the challenge of making the data accessible, whilst still keeping it secure. Interestingly Big Data and analytics of that data can play an important role in doing just that.
These are some of the key points that Dr. Satyam Priyadarshy, Chief Data Scientist, Halliburton-Landmark, made to Sarah Williams from World Expo in the article “Big security for big data,” in the Gas Technology Review, a copy of which is located here.
Join us in the IMPT Community and tell us what you consider to be the biggest hurdle that the E&P industry faces in getting to grips with, and extracting value from Big Data?