As shocking as it might seem, for the first time in decades the U.S. is an energy superpower. According to the International Energy Agency, by 2016 the U.S. will surpass Saudi Arabia and Russia to become the world’s largest oil producer. But, fracking remains a suboptimum process making operators leave billions behind. Enter Prescriptive Analytics and its ability to combine insights videos, images, sounds, texts and numbers to help improve production performance from unconventional plays.
Atanu BasuWhat the Frack: U.S. Energy Prowess With Shale, Big Data Analytics
Late July 2013, news broke that the kingdom of Saudi Arabia was facing the unthinkable—a shortfall of oil export revenue. A report to the kingdom’s oil minister published on Twitter cited the rising production of U.S. shale oil as a major reason behind decreased demand.
Atanu BasuShale, Big Data and the End of Saudi Reign at the Pump
Atanu Basu has seen the future, and initially he didn’t know what to call it. “We used to call it predictive decision management, and then we realized prescriptive analytics was a better phrase,” he said. Basu is CEO of Ayata, a 10-year-old company that makes software designed to analyze the present in order to predict the future and — here’s its claim to fame — prescribe how to benefit from what’s ahead. Think of it as the next evolution of analytics. Rather than describe the future and leave it up to us humans to decide what to do, prescriptive analytics just tells us. “It’s like a cooking recipe: Add oil, wait for five minutes, let the color turn brown; when the color turns brown, now you sprinkle the spice,” he said. Voila! Bon appetit!
Linda TucciPrescriptive analytics is coming to a future near you
An introductory definition of image analytics is a transformation from images and videos to analytically prepared data. For the purpose of this introduction to image analytics, we define an image as the rendering of a still (non-moving) scene and a video as the rendering of a scene containing a still or panning background segment and moving foreground segments. Note that by implication, a video is also a sequence of images (also called a sequence of frames).
Atanu BasuANALYTICS: The Technology Behind Image Analytics