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Cloud Technology Bolsters Oil & Gas Operational Efficiency

Cloud Technology Bolsters Oil & Gas Operational Efficiency

The technology at present is changing rapidly, and it is widely believed “the future is in the cloud”. For any business that needs to be competitive, and be technologically savvy, cloud computing is the need of the hour.

What is Cloud Computing?

It specifies a hosted technology that delivers software/IT infrastructure in the form of a service. The service being offered could vary from simple software systems that can be accessed through the web to mega computer networks having secure data storage and remote desktop virtualization.

Cloud Computing can be further categorized into Public Cloud and Private Cloud.

Public Cloud

It refers to hosted software that can be accessed via a browser on an individual user basis, while having simple online storage and sharing competencies. It is also known as ‘software as a service’.

Some of the prominent services are Google Drive, Windows Azure, Microsoft Office 365 and Sales force.

Private Cloud

It is a service delivered to an independent company (similar to traditional IT infrastructure), and hosted in a datacenter, while being protected by a firewall. It is also known as ‘infrastructure as a service’.

Customization of Cloud Computing to the needs of Oil & Gas

According to experts, Hybrid Cloud - a combination of public and private computing would be the most appropriate for the sectors specific requirements.

Though the process of migrating the daily business activities of a firm’s IT to a cloud based system is relatively easy, its integration with Oil & Gas is slightly complex because the business performance of an exploration company is connected to geological and geophysical data, and the analytical ability of specialists.

Currently, the technology for managing mega files via cloud based systems is in its early stages, and would not be able to cater to the demands of the Oil & Gas sector. Again, data processing and graphical modelling depend upon workstations with high power processing competencies and high power graphics cards. However, this IT infrastructure does not come under the purview of a cloud based system.

Hence a hybrid system (a robust work station managed by a technical personnel with a software that is integrated with a cloud system) to manage all functions would be the most optimal solution in meeting the demands of the Oil & Gas sector.

Benefits for the sector

Since Oil & Gas operations are field based, implementing cloud based services would bring about greater synergy in business operations – securing information transfer from field measurement instruments, land contracts is vital for profitability in business.

Increasingly, more and more small and medium businesses are realizing the value of SaaS (software as a service), PaaS (platform as a service), IaaS (infrastructure as a service) and BpaaS (business process as a service).

- Jess Potts
Published on:
October 7, 2014
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