APRIL 20238PANORAMATHREE BIG TRENDS THAT ARE CHANGING THE OIL & GAS INDUSTRYIn the past, data was collected manually, which was time-consuming and expensive. But now, with advances in technology, data can be collected automatically. This gives companies the ability to track everything from production levels to the weather. And it's not just collecting data that's important. It's also what you do with it. That's where analytics comes in. Analytics is the process of turning data into insights that can be used to make decisions. The oil and gas industry is changing. At one time, the industry was dominated by large corporations. Now, these corporations are finding it hard to compete with the rapid changes in technology and the marketplace. In order to stay relevant, they have to adapt to these changes. This is where innovation is key. The oil & gas industry is using these innovations and trends to improve operations and workers efficiency, all the while cutting costs. As result, the oil and gas sector is working to enhance operational practices, embrace modern business models, and accelerate digital transformation initiatives, with an eye toward increased productivity, increased efficiency, and higher profitability. While skilled labour and human efforts are still dependable in the oil and gas sector, companies must augment operations with the appropriate technologies in order to remain profitable. In this article, we will explore how improve oil and gas production.The Future of the Oil & Gas Industry with Big Data & Analytics: The oil and gas industry is under pressure to improve its efficiency and effectiveness. One way it is
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