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.