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Business Strategy: Oilfield Optimization — Upstream IT Data Management Platform

Business Strategy: Oilfield Optimization — Upstream IT Data Management Platform

This IDC Energy Insights report uses the IDC PlanScape methodology to explore the topic of WLM framework. The intent of the methodology is to provide clients with a framework for creating a business plan by answering four essential questions — why, what, who, and how?

"IT data management platform can deliver financial benefits that are tangible and auditable," says Chris Niven, research analyst, IDC Energy Insights. "More importantly, oil and gas producers now realize the pressing need to efficiently manage critical upstream oilfield data to generate immediate, accurate information for decision-making reporting, business intelligence, and advanced analytics to optimize operations performance and help reduce costs and minimize risk. The IT platform is the core of the Big Data and analytics pillar of the 3rd Platform."

Please Note: Extended description available upon request.


IDC Energy Insights Opinion
In This Study
Situation Overview
Relevant Applications and Technologies for Analytics
Why Should Oil and Gas Companies Develop an IT Platform?
Useful Definitions
The Approach
Platform Development and Data Transformation Process
Platform Layer
Data Integrity, Cleanliness Issues, and Solutions
Framework Architecture
Future Outlook
Develop the IT Platform for Future Evolution
Essential Guidance
Actions to Consider
Learn More
Related Research
Synopsis
Table: Data Integration Quality Requirements
Table: Checklist for IT Data Management Platform Implementation
Figure: Oilfield Operations Optimization — WLM Methodology
Figure: Data Transformation Process
Figure: Upstream IT Data Management Platform Architecture

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