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 colleagues did not so the task of capturing value from big data was delegated to IT professionals . They can also move beyond measurement into predictive tools with a range of pattern-recognition techniques that help them spot trends, intervene early and create repeatable solutions with predictable outcomes. The report said businesses need 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 colleagues did not so the task of capturing value from big data was delegated to IT professionals . The report said businesses need to ensure they have the right model in place , focus on getting the right balance between IT and the business , and avoid siloed processes .