Transparency Market Research, New York: Oil & gas analytics market is gaining traction owing to its ability to assist companies in oil and gas industry for the extraction of unconventional fuels. It helps companies for the predictive analysis and Big Data insights. For this purpose, huge amount of data and machine learning algorithms are utilized. This data helps oil & gas analytics managers and operators to increase yield, minimize risks, and accelerate innovation.
Advanced analytics-powered programs assist major oil & gas operators in gathering insights related to investment decisions during the present coronavirus period. Refinery optimization using oil & gas analytics is found to augment return-on-investment. Major enterprises operating in the oil & gas industry are forming strategies by utilizing oil & gas analytics platforms and achieving cost savings.
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Key Findings of Oil & Gas Analytics Market Report
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Oil & Gas Analytics Market: Key Driving Factors and Promising Avenues
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Oil & Gas Analytics Market: Competitive Assessment
Major companies working in the global oil & gas analytics market are using diverse strategies to maintain their position in this market. For instance, major enterprises are growing efforts to speed up the acceptance of digital technologies in oil and gas industry.
Several vendors in the global oil & gas analytics market are showing interest in the oil exploration activities for their customers. Companies engaged in this market are assisting their clients by giving intelligent and real-time gas hydrates management.
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Industry leaders are observed to be growing their mergers and acquisition activities. This aside, several players are focused on technological innovations. To achieve this motive, they are growing research and development activities. By executing all these moves, these companies are maintaining their prominent position in the global oil & gas analytics market.
Some of the important vendors working in the global oil & gas analytics market are Accenture, IBM Analytics, SAP SE, Oracle Corporation, Hewlett Packard Enterprise Development LP, Microsoft Corporation, TABLEAU SOFTWARE, LLC, and Northwest Analytics, Inc.
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The Oil & Gas Analytics Market can be segmented as follows:
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