TECH BUYER Mar 2021 - IDC Perspective - Doc # EUR146518120

Mastering Unstructured Subsurface Data Management: bp's Knowledge Mining Project

By: Gaurav VermaResearch Manager, IDC Energy Insights

Abstract

This IDC Perspective analyzes how bp embarked on a subsurface knowledge mining project. bp intended to capitalize on the wealth of subsurface data it built over the years to boost the operational efficiency of its upstream business. The report highlights the pressing business needs that triggered this initiative, the business value provided by the project, and bp's ambition to take this knowledge mining initiative to the next level in the future.

"A recent fad for upstream data search platforms is pushing oil companies to leverage innovative technologies such as AI, cloud, and Big Data analytics," said Gaurav Verma, research manager, IDC Energy Insights. "While developing a search engine for structured data is relatively easy for large organizations, getting value from unstructured data is a very complex endeavor. bp's knowledge mining solution — co-developed with Infosys and Microsoft — is capable of extracting domain entities from historic unstructured upstream data, something that many other oil companies are still experimenting with."


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