We'll explore the key data challenges facing today's oil and gas industry and examine effective solutions. We'll also show how our suite of tools helps companies overcome data bottlenecks and achieve higher data fidelity, increase insight and improve outcomes.
The oil and gas industry continues to be one of the most complex and data-intensive sectors globally. As of 2023, the industry was valued at approximately $6.7 trillion, with oil demand reaching over 100 million barrels per day, a historic high. However, the industry faces immense challenges, particularly with increasing pressure to reduce carbon emissions and optimize operational efficiency to stay competitive.