If Data is the New Oil, Nowcasting is the New Drilling Equipment
By Florian Thaler, Co-Founder and CEO, OilX; Juan Carlos Rodrigues, Oil Economist, OilX; and Bert Gilbert, Head of North American Business Development, OilX
The authors note that data may be the New Oil, but oil is only valuable after it has been refined. The same holds true for data. This article looks at how “Nowcasting” techniques are being used to refine geospatial data in order to provide real-time supply-and-demand information to the oil market.
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