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Oil and gas big data analytics data Visualization

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Oil and gas big data analytics data Visualization PPT

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Oil and gas big data analytics data Visualization

  1. 1. The Growing Priority and Urgency for Big Data Analytics Companies are making significant investments in their big data initiatives. Those doing it well are experiencing phenomenal returns. lfyou have not yet started your own initiatives, you risk being left behind.
  2. 2. THE BIG DOLLARS BEHIND BIG DATA mu/ I Global spending on hardware, software, and services related to Big Data will grow to $1 1 by 2013. of companies are investing more than of their overall technology budget on Big Data analytics. @ Spend on just the software will grow to $59,2Bin 2018. I/ "vs Corporations currently average about $8 million in annual spending on big data initiatives.
  3. 3. BIG DATA CONTINUES TO BE A TOP PRIORITY I / of on and Gas ‘ 3 1%; Top/ Highest Priority / companies list Big 0 M. , . . . Data analytics as /0 W’ "1 me top “"58 p"°'me5 / f th ’ t 3:: §C0r: ;a°t2 - 9% valthinthe top five priorities priorities N nota priority ‘ 70%’ 56% I 74% of enterprise of small and medium predict that organizations businesses (SMBs) big data will be in already deployed already deployed or mainstream use in at or plan to deploy plan to deploy least one business big—data projects big-data projects unit or department.
  4. 4. HIGH EXPECTATIONS FOR BIG DATA INITIATIVES The vast majority of companies believe Big Data analytics will redefine the competitive landscape of their industries within the next 3 years. WHAT ARE THE TOP BUSINESS DRIVERS FOR Bl Hnproving the quality Increase the speed 0 of the decision-making 0 _ _ _ 59 /0 process 53 /0 of decision-making Improving planning Developing "(SW 470/0 47% products/ services and and forecasting revenue streams
  5. 5. WHAT ARE THE TOP BUSINESS PRIORITIES Bl CAN HELP SOLVE IN THE OIL AND GAS INDUSTRY? Increase profitability through I improved resource management _ Meet or exceed regulatory compliance Gain a competitive edge Gain insight into equipment 0 health for improved maintenance [0 SUCCESSFUL ANALYTICS PROGRAMS
  6. 6. BIG RETURNS FOR BIG DATA INITIATIVES Companies with successful analytics programs are proven to outperform their competitors and their own business goals. 2X as likely to be in the top quartile of financial performance within your industries 5X times as likely to make decisions much faster than market peers 3X Three times as likely to execute decisions as intended 2X as likely to use data very frequently when making decisions Case studies show that for every SI spent on Bl — $I0.66 is made back.
  7. 7. THE IMPACT ON CORPORATE FINANCIALS ARE ALSO IMPRESSIVE l.6X Revenue Growth 2.0X EBITDA Growth 2.SX Stock Price Appreciation THE POTENTIAL PRICE OF NON-ADOPTION believe that companies that do not adopt a Big Data analytics strategy in the next year risk losing market share and momentum. of organizations that don't adopt Big Data 7 5 0/0 will see some negative effect on their daily operations.
  8. 8. LEADER AND LAGGARD TAKE DISTINCTLY DIFFERENT APPROACHES TO BUILDING AN ANALYTICS CULTURE Foster cross—functiona| Enhance capabilities Increase confidence collaboration & co-creation I LAGGARDS I LEADERS
  9. 9. EXECUTIVE CONCERNS ABOUT NOT HAVING A BI STRATEGY K 0 Competitor will gain market share at our expense Investors lose confidence that we can grow our K’ business Q 0 Products not competitively priced Our data can't be trusted If you are looking to make better, more informed and intelligent decisions and need assistance in starting or accelerating your big data or Bl journey, Entrance Business Intelligence consultants stand ready to assist. Sources: .‘ - Aberdeen Research - IDC Enterprise Big Data Study. 2014 - IBM Center for Applied Insights - Nucleaus research 1 C - Accenture 7 - GE and Ar. centure“lndustrial Internet Insights for 2015‘ - IDC Worldwide Business Analytics Software 20l4~20lB Forecast and Vendor Shares

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