In critical services such as oil and gas industries, taking a data-driven approach is essential for exploration and production applications.
This gives organisations the oversight they need to ensure upstream sector activity is being monitored, managed and reported on with integrity. It helps to strengthen asset lifecycles and improve the bottom line.
The importance of data analytics and visualisation
Oil and gas industries may apply data analytics in many ways. Operations can be greatly improved as data can be used to boost efficiency, minimise maintenance and costs, and mitigate downtime.
The margin for error in oil and gas is slim – not just because of the nature of the work, but because the competition is rife. Data analytics gives organisations a chance to hone their competitive advantage.
Data visualisation gives these organisations a much clearer view of trends and predictions, making it easier to apply it to key strategic decisions. From performance details to production volume, interactive data visualisation allows key stakeholders to better report, analyse, and act on asset information.
Why real-time data visualisation?
Oil and gas industries utilise a large number of sensors. Deployed across their sites, these sensors are used to monitor the activity and performance of assets. However, if organisations can’t gain insights from these datasets with the same reactiveness, then this data loses commercial decision-making value.
Currently, tools struggle to process massive datasets in real-time, especially when complex data points like geospatial data is involved. This causes significant delays to data visualisation which impacts many upstream use cases, such as LOS reporting or asset management and maintenance.
With GPU acceleration, the time taken to create visualisations is reduced from hours to milliseconds. This informs faster decision-making and, as a result, will improve operational costs.
Real-time data visualisation applications
Maintenance
Maintaining equipment and minimising risk is a core element of oil and gas. Having real-time data available through intuitive visualisations gives users the power to quickly, or even proactively, identify potential issues.
Targets
Real-time data better supports organisations to meet their strategic targets. Whether that’s environmental compliance, employee safety, or financial objectives, real-time data helps users monitor progress and take actions to meet targets. It also means organisations can easily evidence their position when needed.
Operational efficiency
With a direct, in-the-moment view of their assets, organisations can streamline all processes. They can schedule maintenance proactively, manage production, and mitigate issues with ease. In addition, data visualisation through mapping or reporting helps organisations identify and address inefficiencies with greater agility.
See Brytlyt’s GPU accelerated data visualisation in action in our use case brochure.
BI in Upstream Oil and Gas
Asset management
