How analytics benefits the world by helping energy companies

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From what I've seen, the energy industries appear to be at a tipping point in their interest and adoption of advanced analytics. If there's any question about how analytics can be used to benefit these industries, consider a few examples:.

Analytics can solve all of these -- and many other -- issues facing energy-producing companies. And since the whole world and much of the worlds' economies depend on energy,  applying the power of analytics can truly help to change and (I would argue) improve the world to make it a better place for everyone.

To understand the widespread results of an improvement in this industry, remember, oil influences a lot more than the gas that goes into our cars and trucks. Petroleum products are used extensively in making plastics as well as in many manufacturing processes.  In addition, the cost of gas impacts the cost of all our goods and services, including food.  Think about all the other businesses and jobs that get impacted whenever there is a drop in the use/demand for oil, which in turn influences the amount of taxes collected by governments.

That's why I would argue the world is improved when energy companies are improving.

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About Author

David Pope

Technical Leader, Senior Manager US Energy

David leads the pre-sales technical team for SAS US Energy which solves business problems in the Oil & Gas and Utilities industries using advanced analytics. He earned a BS in Industry Engineering and a Computer Programming Certificate from North Carolina State University. Furthermore, he has over 27 years of business experience working with SAS across R&D, IT, Sales and Marketing in the Americas and Europe. He is an expert in working with data and producing insights through the use of analytics. David has presented at SAS Global Forum, the 2012 SAS Government Leadership Summit, IBM’s Information on Demand(IOD), EMC World, CTO Summit Conferences, is the author of the book: "Big Data Analytics with SAS", and he currently holds 11 patents for SAS in several countries: US, CA, Norway, UK, China, and Hong Kong.

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