Organizations in the petroleum industry are no strangers to large volumes of data. With the right technology solutions, these companies can move beyond traditional real-time monitoring to more agile real-time prediction. By rapidly analyzing incoming technical and business data—and applying that information to complex models in real time—they can generate tactical insights that help increase drilling and production performance while preventing problems. By quickly searching and analyzing a large volume and variety of competitive intelligence, such as news about competitive mergers, acquisitions or new investments, they can substantially improve strategic decision making.
Everyone is talking about big data, but here is a research report that gives facts on what is really going on with big data. EMA Research & 9Sight Consulting conducted a study of business and IT professionals, inquiring about their big data plans and implementations. The report details the obstacles, strategies and approaches identified by the respondents.
The Saïd Business School at the University of Oxford and the IBM Institute for Business Value conducted this global survey of more than 1100 business and IT executives. The study highlights the phases of the big data journey, the objectives and challenges of organizations taking the journey, and the current state of the technology that they are using to drive results. It also offers a pragmatic course of action for organizations to take as they dive into this new era of computing.
This Forrester Report highlights the importance and challenges of big data for organizations, the key role business decision makers must play in leading big data initiatives, and best practices for organizations seeking to leverage big data for improved customer engagement. Vendor strategists can use this report to better understand big data demand drivers and likely adoption patterns.
Forrester Research, Inc. views Hadoop as "the open source heart of Big Data", regarding it as "the nucleus of the next-generation EDW [enterprise data warehouse] in the cloud," and has published its first ever The Forrester Wave (tm): Enterprise Hadoop Solutions report