Oil and gas companies' analytical leaders are struggling to get results using big data, with just 4% succeeding, according to a survey by Bain Company. The survey, conducted in the first quarter of this year, found that only 16% of oil and gas analysts were able to use data analytics tools such as Hadoop or Spark for their work. so the task of capturing value from big data was delegated to IT teams. The report said businesses needed to ensure they have the right model in place, focus on getting the right balance between IT and the business, and avoid siloed processes.
Oil and gas companies' analytical leaders are struggling to get results using big data, with just 4% succeeding, according to a survey by Bain Company. A report by the consultancy said that while senior leaders understood the ideas surrounding big data, their teams did not so the task of capturing value from big data was delegated to IT teams. The report said businesses needed to ensure they have the right model in place, focus on getting the right balance between IT and the business, and avoid siloed processes.