Perspective: Minds and Machines Reality Check for Oil and Gas
This IDC Energy Insights Perspective looks at the 2015 Minds + Machines conference and other relevant information that revealed the strategic investments that some companies are committing to improve oilfield efficiencies and safety. Growth of operational technology (OT) and IT data promises deeper insight into operations performance by the organization, management, and analysis of the vast quantities of oilfield data.GE and IBM are two such companies on the path to digital transformation, and each has developed a unique approach and IP to deliver their solutions approach to drive valuable intelligence out of the oilfield. Both companies are heavily invested in leveraging the vast quantities of unique data types in the oilfield and driving critical information and knowledge about the business.Minds and machines are evolving from the merger of operational technology and IT systems and a dependent focus on analytics to drive the most value from their solutions. This document looks at the GE Predix platform, along with IBM Watson cognitive computing, and how the two platforms distinguish themselves in the market.