When oil prices are low, cost efciency is absolutely necessary. “We have less
people, more assets, more questions, and more scenarios. We need to work more
efciently,” explains the analytics team lead. “We’ve used TIBCO Spotfire®
for thelast eight years and have grown our internal user base from two to 200. Those
200 users build analyses for other people, so we probably have another four or
five hundred people using it.
“We started using Spotfire for analyses that needed data at second or subsecond
intervals. When you pull 10 years of data second by second, you have
hundreds of millions of rows, too big for any conventional product. Spotfire could
handle it, but our databases weren’t fast enough.
“We had people dumping data into Excel and trying to graph it, a huge waste of
time as none of it was repeatable. We moved users to Spotfire, but they were still
manually loading data. It was just not efcient. If we can’t answer a question fast
enough, we can’t optimize production, decide on acquisitions, or ultimately move
our business forward, which can cost millions of dollars a year.”