The Oil & Gas industry is continuously searching to leverage the vast amount of data from its extended operations.
Thousands of sensors at the well, petabytes of subsurface data, millions of parts and equipment in the supply chain, midstream & downstream operations, capital projects, M&A activity, joint ventures and many highly trained personnel have created a data-rich environment.
The challenge stems from creating clean, consistent and aligned information relationships across these core data environments so they can be effectively leveraged to support strategic initiatives and daily operations. Reltio Cloud addresses these unique challenges by delivering a new breed of enterprise data-driven applications with modern data management in the cloud.
*IDC Energy Insights for Oil & Gas 2015-2017 report: (2015 Upstream Intelligence, IDC Energy Insights, McKinsey and Company, Bain and Company)
Oil and gas companies rely on Reltio to provide their teams with a reliable, complete view of operational information – complimenting any combination of source data, industry application, ERP, supply chain, enterprise application or legacy system. In addition to providing relevant insights and recommended actions to help them achieve better results faster, Reltio provides granular tracking required for historical and compliant reporting.
Reltio Cloud has been built from the ground-up as a platform that seamlessly integrates the most innovative technologies available. This provides a distinct advantage over the broad assortment of application-specific solutions in oil & gas which may solve a point agenda – yet are often loosely tied together. Or alternatively, a broad collection of Excel spreadsheets and visualization tools which may offer flexibility, but yet have serious limitations in reliability, information context and user collaboration.
EASY TO USE
You already know how to use Reltio data-driven applications. It’s just like using LinkedIn, Facebook or Google, except it’s designed to help you do your job, better and faster. Everything you need is in one place accessible in real-time. Business users get a new breed of enterprise data-driven applications, combining both operational and analytical capabilities, for a complete view of the relationships across all information sources. Reltio delivers a complete and consolidated view of information, real-time predictive insights and recommended actions across all daily operations – allowing so you can significantly improve productivity, profitability and achieve operational excellence.
FAST TO DEPLOY
As a cloud-based and big data solution, Reltio is easier to implement and evolve over time compared to traditional on-premises technologies, at a fraction of the TCO. You are able to instantly see and understand the full business impact of all internal and external relationships across your organization. The flexibility and agility of Reltio Cloud allows you to respond to opportunities, as well as re-align business operations in real-time. Having reliable, accurate and real-time information provides insights and recommendations directly relevant to your tasks at hand – allowing you to take the right actions, based on the right Information so you can Be Right Faster.
Cloud-based Reltio data-driven applications are uniquely equipped to support a variety of functions and use cases within an oil & gas organization including:
- New Well Prospect Identification and Delivery
- Subsurface Data Interpretation, Validation and Enrichment
- Well Data Management and Intelligence
- Well and Production Optimization
- Equipment and Asset Management
- Land, Lease and Contract Analysis
- Drilling and Completion Analysis
- Work Order Management, Maintenance, Repair and Operations (MRO)
- Production Revenue Accounting Analysis
- Predictive Analytics
- Midstream Pipeline, Rail and Equipment Management
- Downstream Refining Operations and Retail Customer Analysis
- Regulatory Compliance
- Collaboration Across Business and Engineering Users
- Standardized Data-Driven Processes to Achieve Operational Excellence
- Mergers & Acquisitions and Joint Ventures
10 Steps to GDPR Compliance
Effective May 25, 2018, General Data Protection Regulation (GDPR) will represent the most rigorous data protection regulation ever. Complying is not optional, and the penalties are very high. As companies scurry for total compliance, it makes sense to pause, assess, and use this opportunity not only for compliance but for managing customer data efficiently and gainfully.
MACHINE LEARNING PUTS DATA FRONT AND CENTER FOR BUSINESS
Machine learning is surrounded by fascination and awe. It can drive better personalized experiences with customers, increase workforce effectiveness, and de-risk your organization from security threats and regulations. But, machine learning needs quality data, relevant data, and better context surrounding transactions, interactions, operations and decisions.
Businesses Feeling the Heat of the ‘Amazon Effect’
Over the past 10 years, Amazon’s market value has grown more than 2,000 percent. The entire retail industry is feeling the heat, and companies are investing in digital transformation initiatives to help them compete. Walmart, for example, is rapidly investing in digital capabilities and online brands (it acquired Jet.com, for example).
WHY MASTER DATA MANAGEMENT AND MACHINE LEARNING GO HAND IN HAND
Reltio’s inclusion in the The Forrester Wave™: Machine Learning Data Catalogs Q2 2018, by Michele Goetz with Gene Leganza, Elizabeth Hoberman, and Kara Hartig, Forrester Research, June 2018, sparked (pun intended) several questions. Such as why was Reltio included, how did we receive such strong marks, and why were we the only Master Data Management (MDM) vendor in the Wave?