Before Ayata, companies could only use big data tools for descriptive and predictive analytics. While these two stages have proven to be tremendously valuable, companies have sought software to not just describe the past and predict the future, but “prescribe” actions that can improve future performance.
Ayata’s patented technology for prescriptive analytics combines thousands of variables from numeric-based structured data as well as unstructured data such as images, videos, texts and sounds. By using both types of data, Ayata software provides a more complete picture of future outcomes along with time-sensitive prescriptions to improve them.
Ayata’s prescriptive analytics software has several applications in the oil and gas industry. For example, more than 90 percent of the one million oil producing wells in the world use artificial lift pumps to push hydrocarbons to the surface. Ayata software can predict pump failures and preempt production loss due to pump failures.
“Ayata’s prescriptive analytics technology has the potential to make a significant impact in the oil and gas industry,” said Ayata CEO Atanu Basu. “Hundreds of thousands of barrels of oil are lost every day due to unpredictable electronic submersible pump failures. Ayata’s software can predict not only what pumps might fail, when and why, but also prescribe actions to minimize the anticipated production loss. Our technology can do the same for other types of artificial lift mechanisms.”
Ayata is a big data analytics software company focused on prescriptive analytics with hybrid data. Ayata’s software helps large corporations see and shape the future of their mission critical processes. Prescriptive analytics is the science of automatically synthesizing big data with mathematical and computational sciences to make smarter decisions about the future. Ayata’s prescriptive analytics software not only predicts future outcomes, but also prescribes decision options to improve the predicted future and shows the impact of each decision option. Ayata’s customers include Fortune 500 corporations in energy and high-tech industries. For more information on Ayata, visit www.ayata.com