HomeMagazine2015December 2015 Vol. 242, No. 12Improving Lost and Unaccounted for Levels by Embracing Innovation

December 2015 Vol. 242, No. 12

Features

Improving Lost and Unaccounted for Levels by Embracing Innovation

Across many industries, companies showing a reluctance to embrace new technology are in danger of losing any competitive edge. In the oil and gas industry, where even the smallest error can have a major long-term effect, embracing innovation in the form of data analytics has become a necessity for companies striving to reach the highest levels. In an article published in the Houston Chronicle in August, an executive from technology solutions provider Landmark explained that long-term payoffs outweigh upfront costs for oil companies that commit to investing in technology, especially when considering fluctuations in oil prices. “The only mechanism to keep a sustainable low-cost view is to in

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