Data-driven oil and gas Thinkstock

In the energy sector, data is the new oil

The oil and gas industry is leveraging data analytics to safeguard its future.

Uncertainty rules in the carbon-based energy sector. Sure, carbon-based fuels are still plentiful, but it’s hard to find suitable locations for new wells. The industry also faces upheaval in the form of tight margins and pricing volatility. Consider that as of Aug. 17, a barrel of crude oil cost $47.10. Adjusted for inflation, that’s only marginally more than it cost 30 years ago. In addition, the theory of “peak oil” may have fallen out of vogue, but “peak

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