How data science is changing the energy industry

Recent declines in oil prices have hit the world economy hard. Alberta, Canada’s major oil region, has witness increased unemployment due to declining commodity prices. In January 2016, Saudi Arabia increased the price of gasoline for its citizens by 50 percent given the situation. With major fluctuations in prices and the high cost of energy projects, quality information has never mattered more.The energy industry uses data science to cut costs, optimize investments and reduce risk. Reduc