ConocoPhillips CIO Talks Live On Big Data Analytics
Join ConocoPhillips CIO Mike Pfister and InformationWeek editors for a live discussion of big data and IT leadership issues on Tuesday.
Big data and the Internet of Things are sky high on the buzzword charts lately, but a look into how ConocoPhillips uses both to increase natural gas production shows why these concepts are more than hype.
CIO Mike Pfister and principal engineer Pat Bergman
ConocoPhillips, the No. 2 company on the InformationWeek 500 ranking this year, put more sensors on its natural gas wells and took readings much more often -- about every minute, rather than hourly or daily. The company tracks pressure and temperature data at different parts of a well to spot those that aren't producing efficiently.
ConocoPhillips needed to overcome obstacles to make this idea work, such as:
Spreadsheets no longer cut it for data sharing and collaboration, so it created performance dashboards for every well.
Connectivity was difficult to some remote wells, so it needed to build its own radio and WiFi towers where there wasn't cellular coverage.
Cultural change has been as important as the technology, as the IT team worked with to get well operators to use the new dashboards effectively.
I'll interview ConocoPhillips CIO Mike Pfister live Tuesday, December 17 at 2:30 p.m. EST/11:30 a.m. PST about these ideas and about broader IT leadership issues. Please register here to listen live on our site, and bring your own questions, which you can ask via text chat. You also can catch the archive version. (On the registration page, if you're already a registered member of InformationWeek.com, just click the login link at the top of the form. Once registered, if the audio player doesn't appear at first, please try refreshing your browser.)
We hope you'll join us on Tuesday, December 17, for the third in our series of radio chats with accomplished technology leaders. Our previous radio chats were with UPMC CIO Dan Drawbaugh and Penske Truck Leasing's senior IT VP Bill Stobbart and interactive marketing VP Ann Walsh.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.
InformationWeek Tech Digest, Nov. 10, 2014Just 30% of respondents to our new survey say their companies are very or extremely effective at identifying critical data and analyzing it to make decisions, down from 42% in 2013. What gives?