The Investigation of the Opportunities of Big Data Analytics as Analytics-as-a-Service in Cloud Computing for Oil and Gas Industry

Alıguliyev, Ramiz M.; İmamverdiyev, Yadigar; Abdullayeva, Fərqanə

doi:10.25045/jpit.v07.i1.02

Cited by 3 publications

(1 citation statement)

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“…The expected benefits of the cloud and other digital technologies today and in the next few years, among other things include faster and better decision-making, as well as reducing the time required to perform key processes in the field of oil exploitation -production. As oil companies strive to increase their digital capacity, the cloud is becoming a necessity for further change (Aliguliyev et al, 2016). At the same time, these companies are trying to redefine their operational processes, noting that value consists of:  Agility, through digital technologies as a catalyst for greater flexibility in response to the ever-changing business environment.…”

Section: Motives For the Transition Of Oil Companies To Cloud Technologymentioning

confidence: 99%

The Challenges of Cloud Technology Implementation in Oil Companies

Milovanović

Lakićević

2022

Economic Themes

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Given that data and information have become the most valuable assets of companies that can be efficiently and economically stored in the cloud infrastructure, there is great pressure on business entities to capitalize on this business and technological opportunity. There is a particular pressure on oil companies to find new ways to create a competitive advantage by using the opportunities offered by cloud-based businesses. This is primarily a result of the fact that the reorientation of business activities to this type of storage and integration of data and applications represents a major change in the business world, and the growth trend continues in all aspects of the business. This paper deals with the possibilities and challenges of applying cloud technology in oil companies operating in turbulent conditions caused by fluctuations in oil prices in the global market..

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Section: Motives For the Transition Of Oil Companies To Cloud Technologymentioning

confidence: 99%