International Business Machines Corp and Amazon.com Inc's Amazon Web Services said on Monday they would work together to extend the reach of a set of tools that oil companies use to manage disparate types of data.
said on Monday they would work together to extend the reach of a set of tools that oil companies use to manage disparate types of data.to create a technology to turn data from more than a century of oil production, largely from paper records, into a standardized format for multinational oil companies to improve efficiency across their operations.
IBM and Amazon said they have worked together to resolve that problem. Using IBM technology called OpenShift, oil companies can use the oil-industry cloud data tools in their privately owned data centers within their countries. Bill Vass, vice president of engineering at AWS, said expanding the reach of the data tools would also help oil companies add non-petroleum assets such as wind and solar to their portfolios. Renewable energy requires producers to know their output at various locations at different times.
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