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HoneywellUS-based company Honeywell has launched Digital Suites for Oil and Gas, a data analytics tool, which would help oil and gas producers boost production performance by three to five per cent while improving operational safety

According to Honeywell, Digital Suites for Oil and Gas turns data into digital intelligence that helps operators make critical decisions faster by capturing, managing and analysing the right production information.

Ali Raza, vice-president of Honeywell, said, “Upstream oil and gas producers tell us they have access to more real-time data than ever, but access to that data alone is not enough to improve performance – you also need digital intelligence to make sense of all the data being collected.

The overwhelming complexity of data in upstream production can make insightful decisions difficult, safer operations a challenge and integrated metrics beyond reach. Digital Suites for Oil and Gas can meet these challenges with data-driven solutions that are ready for new operations or integrated into existing production environments.”

The software ensures that essential safety procedures perform as designed, operators are fully trained, alarms are managed and enforced, and production performance is instantly available to detect and mitigate potential events, stated the company.

To read the latest Big Data stories in the oil and gas sector, please visit: http://www.oilreview.me/information-technology