Showing posts with label simulation. Show all posts
Showing posts with label simulation. Show all posts

Thursday, February 7, 2013

Big Data in Manufacturing


By Michael Schwarz, Invensys, Manager, Advanced Applications Product Marketing
The term “Big Data” describes the dramatically growing amounts of data being generated, transferred and stored. It is overlaid with the increasing use of information technology, global networking, and digital devices to manage, view, store, and control it.

Big Data is not just for consumers.  The same phenomenon is happening in business management, commerce, entertainment and social communications, as well as in manufacturing operations.  Big Data demands storage capacity and computing performance, driving new opportunities for enhanced intelligence and tools to offer users informed decision making.

Thursday, January 31, 2013

How to maximize the value of every drop of crude oil?

How to maximize the value of every drop of crude oil?

OK, here is the contest question:
"How to maximize the value of every drop of crude oil?"

According to Dr. Rachel McCarthy, which of the following are requirements for making good decisions when it comes to choosing crudes?

A. Accurate Data
B. Consistent Data
C. Ability to Share Expertise & Experience
D. Real-Time Information & Results
E. All of the Above