SIGN IN >

Data is the new oil

 

In the area of oilfield data, we know we’ve been sitting on a gold mine.

Well, sitting is not the right word, because we have been working on how to process all that information.

But it has taken the oil and gas industry more than a decade of gathering data on wells, tanks, production and everything else to begin to fathom the depths of the treasure we have.

The question was always how to manage the information and how to train a computer to extract what’s useful so we didn’t have to eyeball millions of lines of data or respond to hundreds of inconsequential alarms.

In other words, how could we extract value from the data in the same way we extract value from oil and gas formations?

For over thirty years we've been putting a major emphasis on exactly how we can partner with our clients to get them the data analysis they need to streamline workflow and to solve problems.

Of course, everything starts with the Zedi IIoT platform. All the data we collect for you goes here. This is not the unique part.

Everybody has a database

It’s at this point, however, that we’re revolutionizing the conversation. We’re not going to start by telling you, “If you click here, it does this. What if you don’t need it to do “this,” but something completely different?

Instead, we’re going to start by asking you about the nature of your data—where it comes from and what you need it to tell you. Then we’re going to look at our software— Zedi Roughneck, Zedi Vital and others—to see what combination works for best for your needs, cures your biggest challenges and helps you attain your giant goals.

Here’s an example: Zedi Roughneck, our fixed-asset management solution, allows users to select and even create dashboards on their own. This way they can assemble the exact information they need. Each department can create their own dashboard. Nobody has to scroll past data that’s only pertinent to someone else.

Sharing Data

This new age of making data work for clients means streamlining a client’s workflow by sharing live data with their other software vendors. We call these value partnerships.

Here’s how that works: One of our clients puts our well data into an accounting system then exports it to the other software company. This is time consuming and repetitive.

So we’re going to start sharing our live data with the other company, and they’ll share theirs with us, all to streamline the process for the client.

Now everyone can quickly summarize, analyze and make decisions to improve production and reduce operating expenses.

 

Topics: Software, Data, Analytics

Subscribe to get new blog posts >

Contact us >

Recent Posts