Big data keeps energy efficient, safe
The energy industry is eager to take on big data analytics and streamline its operations. MIT Technology Review recently stated that companies drilling for oil are leveraging unstructured data in the hope of optimizing processes, and similarly, GigaOM stated that big data is being put to use to protect the power grid from potential attack.
According to the MIT Technology Review, big data is in high demand at Chevron, which actively uses analytics to streamline its operations, from improving collaborative drilling strategy to closely monitoring the danger of hazardous spills.
The technology has been steadily improving, with the source stating that the gradual replacement of older systems has made it possible to quickly use unstructured data from buried pipelines. Tech expert Kirk Coburn made sure to specify that many parts of the legacy systems at oil firms can still be modernized.
Big data is being eyed for roles ranging from production of power to defending the grid. GigaOM reported that new predictive analytics features for utilities providers can alert users to any changes. This speed of response could make the grid safer from terrorism. The power grid as a possible target was one area of concern for ex-CIA director James Woolsey, who told the source that smart grid technology is needed to minimize the danger.