To establish global best practices for the aluminum industry and enhance the sustainability of EGA's computing operations, Microsoft UAE and Emirates Global Aluminum, the largest industrial company in the United Arab Emirates outside of oil and gas, announced their partnership on Industry 4.0 and broader digital transformation.
The BHC3 output OptimizationTM program, developed by C3.ai and Baker Hughes, enables well operators to better forecast future output, analyze real-time production data, and optimize operations for increased rates of oil and gas production. The application is the most recent addition to the expanding library of BHC3 AI apps.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5497
Published Date: Jan 05, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing adoption of big data, rising number of oil and gas industries globally, and the increasing implementation of Industry 4.0 in the oil and gas industry are the major factors driving the growth of the oil and gas data monetization market.
The market size of oil and gas data monetization is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2024-2036.
The major players in the market are Microsoft UAE, Baker Hughes, GE Digital, Schlumberger NV, Chevron Corporation, ExxonMobil, INPEX CORPORATION, ENEOS Corporation, HACARUS INC, Iwatani Corporation and others.
The upstream segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.