Big Data Analytics can be used in various functions in the Oil and Gas Industry, starting from upstream to downstream activities. In the upstream, the oil production can be optimized by managing seismic data, optimizing drilling process, etc. In the midstream sector, analytics help in logistics along with predictive maintenance.
The downstream sector gets benefitted by predictive analytics to optimize the inventory management as well as procurement process. The demand forecasting can also help to take an informed decision in the entire production cycle.