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The oil and gas industry in the Gulf Cooperation Council (GCC) is a dynamic market that is going through some bigger transformations – all because of data analytics. This all new powerful instrument is revolutionizing different types of operations of companies on all levels. It assists them in minimising their costs, making better decisions and increasing their profits – all these actually outline benefits. <\/p>\n\n\n\n

In simple terms, data analytics is all about taking huge piles of information and then finding the important bits which can help a company work better. <\/p>\n\n\n\n

Today, we will see how big data analytics is impacting the oil and gas industry<\/strong> of the GCC regions.<\/p>\n\n\n\n

Making Smarter Choices<\/strong><\/h3>\n\n\n\n

Today, we will see how big data analytics is impacting the oil and gas industry<\/strong> of the GCC regions.<\/p>\n\n

Today, we will see how big data analytics is impacting the oil and gas industry<\/strong> of the GCC regions.<\/p>\n\n\n

Data analytics somehow provide organisations with a better understanding of what is happening. This way they can watch markets, such as how a project is faring, or their finances, in almost real-time. Thus, it assists in deciding on investment priorities, on which projects to implement and how to manage available resources.<\/p>\n

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Competitive Intelligence<\/strong><\/h3>\n

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Today, we will see how big data analytics is impacting the oil and gas industry<\/strong> of the GCC regions.<\/p>\n

The management of the companies urgently requires information on what is taking place in the industry. Thus, data analysis is beneficial for them to know where they are, who they might like to partner with and maybe even what their competitors are going to do. Such information can assist a company in the decision-making process like the launch of a new project, a cooperation with another firm or a modification of price policies.<\/p>\n

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Risk Management<\/strong><\/h3>\n

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The oil and gas business is somewhat uncertain through volatility of prices and political factors emerge. Data analytics provides an excellent solution with the risks being easily identified early. Current and on-going projects offer organizations a view of problems that are likely to arise and prepare for them. This might mean that they expand the kind of products they offer, ensure they adopt appropriate strategies or ensure they devise methods of avoiding disruptions of the supply chain.\u00a0<\/p>\n

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Increased Efficiency and Productivity<\/strong><\/h3>\n

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Earning money in the oil and gas sector must be efficient. Data helps find places where it is getting congested or techniques that are not effective in achieving the objective. Analysing the project information field helps to make the processes more efficient and avoid all kinds of breaks, because the more work that is done, the more the desired result will turn out. This could refer to anything from the enhancement of drilling activities to the streamlining of supply chains. Small improvements in the processes save a lot of money when the issue concerns titanic oil and gas production.<\/p>\n

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Real-Time Monitoring and Reporting<\/strong><\/h3>\n

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Big data tools enable an organization to monitor all operations in real-time. They can observe how things are progressing with certain projects, make sure to look at certain figures and receive documentation that can indicate how the going is with the business as a whole. You can find this real-time information to be extremely useful. This is something like – understanding whether certain changes should be made or it is perfectly alright.\u00a0<\/p>\n

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There is absolutely no doubt that big data analytics is transforming the oil and gas sector in the UAE<\/strong><\/a> and other GCC regions. It assists firms in making the right choices and the right usage of resources and in this way increases productivity. If you’re in this business and want to get in on these benefits, you can subscribe to PROJECT INTELL.<\/p>\n

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Final Words<\/strong><\/h3>\n

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PROJECT INTELL is a comprehensive database of over 698 large projects of more than $430 billion in all sectors. It offers specific information about market trends, project developments, and financial forecasts that will enable business leaders to make the right decisions to allocate resources and prioritise investments.<\/p>\n

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PROJECT INTELL<\/strong><\/a>\u00a0 categorises diverse segments of the industry and analyses future large-scale projects with a clear vision of the market\u2019s development in mind. It also encompasses major projects and shows the main contractors and consultants so it provides important competitive information to users.<\/p>\n

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So, whether you are a consultant, contractor, supplier or service professional firm – subscribe to this portal and identify the biggest project opportunities and competitors\u2019 strengths and optimize the use of invested money.<\/p>\n

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Visit the official site<\/strong><\/a> now! Or, book a free trial<\/strong><\/a> today!<\/p>\n

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The oil and gas industry in the Gulf Cooperation Council (GCC) is a dynamic market that is going through some bigger transformations – all because of data analytics. This all new powerful instrument is revolutionizing different types of operations of companies on all levels. It assists them in minimising their costs, making better decisions and […]<\/p>\n","protected":false},"author":1,"featured_media":89,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[26,27],"class_list":["post-88","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil-and-gas","tag-big-data-analytics-in-oil-and-gas-industry","tag-oil-and-gas-sector-in-uae"],"yoast_head":"\n