E&P Tech Trends: New Data Analytics Technologies

With the upstream industry navigating challenges due to remote operations, low oil prices and demand destruction, these new technologies, trends and collaborations in the area of data analytics will help companies increase efficiency and optimize operations.

E&P Tech Trends: New Data Analytics Technologies

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New data analytics platform offers subsurface data insights

Katalyst Data Management has released its Katalyst 360 data analytics platform, which provides a 360-degree view of how subsurface data assets are being utilized within an organization. Katalyst 360 greatly expands the utility of Katalyst’s data management solutions, giving oil and gas companies the ability to gain greater insight into their valuable subsurface data assets. The platform features analytics dashboards that are synchronized to an oil and gas company’s subsurface data. The platform comes with ready-to-use dashboards that display multiple attributes such as project status, data completeness and process efficiency. Users also have the ability to easily create and customize their own dashboards for analytics specific to their needs. EP companies can easily extend their understanding of their data and draw insights from the entirety of their subsurface data investment. The new analytics platform was built for Katalyst Data Management’s iGlass multi-cloud database, which has more than 80 petabytes of subsurface data under management. Subsurface data managed by iGlass feeds the Katalyst 360 analytics environment, and plans are to further enrich the platform with oil and gas operational data, economic and production data as well as public data. The goal of Katalyst 360 is to enable oil and gas companies to use analytics to implement predictive and prescriptive actions.

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Faiza Rizvi

Faiza Rizvi is a senior associate editor of Business & ESG for Hart Energy's editorial department, with a strong focus on E&P Plus and HartEnergy.com. She has been covering all facets of the U.S. and international energy industry for over 5 years.