Remove 2027 Remove Big Data Remove Change Remove Technology
article thumbnail

6 Remarkable Applications of AI in the Oil & Gas Industry

Acuvate

According to research, the global artificial intelligence in the O&G sector will be worth $3,669.8Mn by 2027 , growing at a CAGR of 10.81% between 2022 and 2027. In light of this thought, let’s explore how AI/ML technologies are shaping up “digital champions” in the oil and gas space. What is a Digital Twin?

article thumbnail

Key Essentials of Modern Business Intelligence

Acuvate

The Growing Importance of Data. The global big data market is forecasted to grow to about 103 billion U.S. dollars by the year 2027 – Statista. Data continuously flows from a plethora of internal and external channels including computer systems, networks, social media, mobile phones etc. Conclusion.

article thumbnail

Augmented Analytics – Everything You Need to Know

Acuvate

As per research by Statista , the value of the software segment of advanced analytics and other big data services will increase to $46 billion by 2027. But while most organizations have implemented data analytics in their companies or are about to, their ability to leverage its power effectively is limited.