Forest Oil, a premiere drilling and exploration company, understands this all too well. In the oil and gas industry, where speed and foresight can mean the difference between boom and bust, keeping costs down and production high is critical. Now, with Spotfire, Forest Oil can monitor and analyze every nugget of data originating from its employees and wells, all the way down to the predicted vs. actual productivity of specific oil fields—all at high speed.
Spotfire also delivers innovative mobile capabilities to keep remote employees connected. Let’s face it, oil and natural gas deposits are rarely found near the office water cooler at corporate headquarters. Fast access to the data you need in the palm of your hand, wherever you may be, is essential to gaining and sustaining competitive advantage. Employees are alerted to issues in real time; when an oil well forecast and production differ by 10 percent, the right employees receive an alert, permitting them to act before it’s too late.
Simplicity is Key
Did I mention Spotfire’s stunning analytic visualizations? Well, they’re included too and make it simple to quickly develop insights by presenting data in a logical, intuitive manner. Contrary to popular belief, you don’t have to be the reincarnation of Einstein to effectively use cutting-edge BI analytic tools, though the tangible results may indicate otherwise. By connecting personnel to the information they need to successfully do their jobs, analytics not only supplies the power of real-time speed, but the means to make smarter decisions on the spot, wherever that might be.