PEFTEC - Abstract

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Abstract Title: Enhancing the Petrochemical Space with Big Analysis
Abstract Type: Oral
Session Choice: Big Data, Smart Data and Big Analysis
Presenter Name: Dr Eric Little
Company/Organisation: OSTHUS
Country: United States

Abstract Information :

This talk will provide a view into the changing environment for data integration and analytics and how the petrochemical industries could benefit from adopting these practices around its data. We will discuss big data and how there is a new movement to Big Analysis - where the focus is on utilizing data to answer complex questions. We will also discuss data science in terms of the role semantic technologies play along with statistics for understanding data. This provides a means for capturing context and meaning to data in diverse environments and changing market needs. Last we will examine how Big Analysis applies to enterprise environments, particularly in coordination with machine learning and other forms of statistics-based algorithm development. We will show some of the pathways other sectors are taking to rapidly innovate, quickly bring data together, and find complex answers within that data – while cutting significant time and effort to do so.