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Mr. Olson (quoting Time magazine) suggested that data is the new oil – a hugely abundant yet untapped resource. He discussed phases of growth of data, analytics, and machine learning and their potential for the oil and gas industry.
Sensors are gathering data at a vastly accelerated rate, in massive quantities, allowing AI algorithms to learn and recognize behaviors and anticipate problems to deliver actionable intelligence to drive business performance.

Mr. Olson described how end-to-end architecture can drive new profits for business and suggested that operators should begin by choosing a small handful of problems they know will yield big results and apply that learning to a larger circle over time.

Data is the world’s most valuable resource.

By Michael Olson, Founder & Chief Strategy Officer, Cloudera