Simulate for Success! Oil & Gas

Dave Hammal
Short overview of Crystal Ball applications in the Oil & Gas industry
Aug 3 2010
17 mins
Simulate for Success! Oil & Gas
Crystal Ball Oil & Gas
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    -Cut storage requirements by up to 80%
    -Save on storage costs and performance hits to your network.
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  • A modern Hadoop-based data platform is a combination of multiple source projects brought together, tested, and integrated to create an enterprise-grade platform. In this session, we will review the Hadoop projects required in a Windows Hadoop platform and drill down into Hadoop integration and implementation with Windows, Microsoft Azure, and SQL Server.
  • Join AWS for this Building Scalable Web Applications webinar where we will explain the key architectural patterns used to build applications in the AWS cloud, and how to leverage cloud fundamentals to build highly available, cost effective web-scale applications.

    You will also learn how to design for elasticity and availability within AWS using a common web architecture as a reference point and discuss strategies for scaling, security, application management and global reach. If you want to know how to make your applications truly scale then join this webinar to learn more.

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    • Understand the architectural properties of powerful, scalable and highly available applications in the Amazon cloud
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    • Developers, operations, engineers and IT architects who want to learn how to get the best from their applications in AWS
  • Impala raises the bar for SQL query performance on Apache Hadoop. With Impala, you can query Hadoop data – including SELECT, JOIN, and aggregate functions – in real time to do BI-style analysis. As a result, Impala makes a Hadoop-based enterprise data hub function like an enterprise data warehouse for native Big Data.
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    * How Impala's architecture supports query speed over Hadoop data that not only convincingly exceeds that of Hive, but also that of a proprietary analytic DBMS over its own native columnar format.
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  • Dr. Ralph Kimball describes how Apache Hadoop complements and integrates effectively with the existing enterprise data warehouse. The Hadoop environment's revolutionary architectural advantages open the door to more data and more kinds of data than are possible to analyze with conventional RDBMSs, and additionally offer a whole series of new forms of integrated analysis.

    Dr. Kimball explains how Hadoop can be both:

    A destination data warehouse, and also
    An efficient staging and ETL source for an existing data warehouse
    You will also learn how enterprise conformed dimensions can be used as the basis for integrating Hadoop and conventional data warehouses.
  • Dr. Ralph Kimball describes how Apache Hadoop complements and integrates effectively with the existing enterprise data warehouse. The Hadoop environment's revolutionary architectural advantages open the door to more data and more kinds of data than are possible to analyze with conventional RDBMSs, and additionally offer a whole series of new forms of integrated analysis.

    Dr. Kimball explains how Hadoop can be both:

    A destination data warehouse, and also
    An efficient staging and ETL source for an existing data warehouse
    You will also learn how enterprise conformed dimensions can be used as the basis for integrating Hadoop and conventional data warehouses.
  • The C-Suite in every organization is obsessed with the buzz around Big Data and according to industry pundits almost 9 out of 10 organizations today have included this growing trend in their IT plans for 2014. But we all know that when it comes to execution and extracting true business value out of Big Data, only a fraction of the companies are successful. Believe it or not, infrastructure platforms play a key role in demonstrating the power of performance to deliver blazing speed analytics and makes all the difference if you can get a query answered in 3 seconds vs. 3 hours!

    Welcome to the new style of IT and a paradigm shift towards converged infrastructure or as IDC states it as the “3rd platform”, where you are no longer bound by the limitations of your traditional datacenter. Instead of plumbing or retrofitting your existing landscape you now have proven alternatives to augment your legacy environment with leading innovative platforms that are purpose built, seamlessly integrated and can be deployed in days vs. months. Learn from the best practices of some of our customers who have embarked on this journey already and paved the way for handling Big Data!
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  • Process Performance Modeling using Crystal Ball Recorded: Feb 11 2011 21 mins
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  • Quantifying Risk with Simulation Using Oracle Crystal Ball Recorded: Dec 27 2010 13 mins
    Monte Carlo simulation is a widely used technique for dealing with business uncertainty in applications like cost estimation, continuous improvement, engineering, and business forecasting. In this 10 minute segment, we illustrate why simulation is useful for these applications, and demonstrate how it works on a very simple cost-estimation model. The example shows how a single estimate of project cost is naïve regarding expectations and downside exposures of the company to the project.
  • CB for Continuous Improvement: The Right Technology Right Now Recorded: Oct 12 2010 22 mins
    Crystal Ball for Continuous Improvement: The Right Technology Right Now

    Continuous improvement is currently being used by world class companies to improve profitability and gain competitive advantage. In this short presentation, variability is identified as the culprit in many companies’ poor operations. Variability has historically been difficult to deal with as companies try to model and forecast the impact it has on their processes. Crystal Ball is demonstrated to empower companies to estimate variability, model and forecast its impact on their processes, and ultimately enable them to design their operations to effectively mitigate the negative impact of variability on their bottom line.
  • Crystal Ball and Cost Risk Analysis Recorded: Oct 8 2010 8 mins
    A cost estimate is a projection of a future occurrence. At its most basic, cost is price times quantity, and in any estimate either price, quantity, or both, are uncertain to some degree. When a cost projection includes hundreds, thousands or more uncertain elements, it’s easy to understand why some sort of cost risk analysis has long been considered the best way to calculate how much to reserve in contingencies against overruns.
    In today’s presentation we will look at the risk assessment work that goes into a complete cost estimate, the related business challenges and the Oracle solution.
  • Como Optimizar Portafolios estrategicamente Recorded: Aug 30 2010 58 mins
    Tandem y Oracle-Crystal Ball los invitan a participar al próximo seminario online sobre "Cómo optimizar portafolios estratégicamente".
    Cuando el nivel de incertidumbre es alto y los tiempos y presupuestos son acotados se torna fundamental decidir de manera eficiente. Los ejecutivos se enfrentan a un dilema habitual: ¿cómo asignar recursos escasos a diferentes tareas, activos, marcas o productos con resultados inciertos? El ejecutivo debe decidir cómo asignar tiempos, presupuesto y personas a diferentes proyectos, programas, productos, canales, regiones, filiales o unidades de negocio, de manera de mantener balanceada la operación y obtener los mejores resultados posibles a un menor costo. El análisis de portafolios es un método que ayuda a evaluar alternativas estimando el impacto sobre la performance global de la compañía. De esta manera, permite seleccionar la combinación de alternativas que optimiza los objetivos estratégicos.
    Los diferentes tópicos a desarrollar durante el seminario incluirán:

    . Los conceptos claves del Análisis de Portafolios.
    . Etapas de una empresa hacia la implementación de la Gestión Estratégica de Portafolios
    . Decisión de Optimización de proyectos maximizando la eficiencia de los recursos en contextos de alta incertidumbre.
    . Los beneficios de la optimización de portafolios utilizando Crystal Ball.

    El evento será presentado por Federico Esseiva, Director de Tandem Soluciones.
  • Accurate Forecasting within the Business Planning Cycle Recorded: Aug 27 2010 13 mins
    Forecasting, particularly as part of any organization’s planning process, is a key factor in the organization’s success. If one considers a plan as both what the organization would like the future to be, as well as a roadmap to get there, then the forecast upon which the plan is built, is a critical starting point on that road to success. This presentation will focus on how to create forecasts that are both comprehensive and accurate so that the execution of the plan throughout the year does indeed contribute to the organization’s key business requirement of improving revenue and margin.
  • Data to Decision: Business Practices for a More Accurate Forecast Recorded: Aug 11 2010 64 mins
    How different does a forecast have to be for you to make a different decision? Accuracy in forecasting at all levels of the organization ultimately rolls up to more certainty in financial forecasts, resulting in fewer surprises, more credibility and better profits. So how do you ensure your organization is delivering the most accurate forecast possible, especially when historical data is limited? Industry experts point to Time Series Forecasting as the answer for businesses today.
  • Simulate for Success! Oil & Gas Recorded: Aug 3 2010 17 mins
    Short overview of Crystal Ball applications in the Oil & Gas industry
  • Robust Tolerance Design Recorded: Jul 23 2010 13 mins
    Tolerance stackups are fundamental engineering design tools which ensure the fit and function of products. Often times, the design engineer estimates the dimensional target values based on his/her experience, which tends to be ambiguous. What is difficult for them to account for is actual part variation. As a result, the defect rate of new products often comes as a surprise. Oracle Crystal Ball enables one to pick nominal values that will minimize the defect rate of new product launches.
  • Proved, Probable and Possible Recorded: Jul 9 2010 13 mins
    Proved, Probable and Possible: A systematic process for stochastic reserves estimates

    The ability to estimate reserves stochastically – mainly with Monte Carlo simulation - is a critical part of Upstream Oil and Gas E&P.

    While Monte Carlo simulation works well for producing the probabilities, using spreadsheets as the modeling environment can be challenging. Customers tell us that they waste time manually linking and aggregating spreadsheets; that they can’t perform a stochastic estimate at any but the lowest zone level; that it’s difficult to report and share results from multiple analysts.

    Oracle’s solution answers these requirements. It keeps Monte Carlo simulation with a spreadsheet user interface, for the easy frontline user experience, and combines it with a robust and scalable database for storage, aggregation and reporting.

    This short webcast will show you how you can move beyond today’s spreadsheet challenges and focus on truly understanding and managing the uncertainty in your reserves to optimize value.
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Oracle Crystal Ball is the leading spreadsheet-based application suite for predictive modeling, forecasting, simulation, and optimization. It gives you unparalleled insight into the critical factors affecting risk. With Crystal Ball, you can make the right tactical decisions to reach your objectives and gain a competitive edge under even the most uncertain market conditions.
To ensure our customers have access to the best and brightest information on key industry topics, we are delivering presentations from Industry and Product Experts, Existing Customers, and Thought Leaders. Complimenting the presentation calendar is an ongoing set of Product Demos and Self-Service Tutorials delivered by Oracle Product Experts. The Oracle Crystal Ball Channel is the home of Informed Business Decisions.

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  • Title: Simulate for Success! Oil & Gas
  • Live at: Aug 3 2010 1:00 pm
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