Sunday, August 10, 2008

Oil & Gas Industry getting into Semantic Web

"The Oil & Gas (O&G) industry produces a staggering amount of new data every day from a variety of activities such as drilling, exploration and production, reservoir management, major capital projects, facility and downstream operations. The problem of information explosion and overload presents an ever increasing challenge in finding and analyzing information quickly and precisely in order to get the most value for the business. This problem is not unique to the O&G industry; much the same can be said, for example, about the Health Care and Life Science (HCLS) industry, which has embraced Semantic Web technology in order to unite many forms of biological and medical information across diverse industries and institutions through the encoding of meaning into the data and their interpretations. The fundamental question is how Semantic Web technologies might play a similar role in the further development of energy resources."
via W3C

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