River Logic recently sponsored a new piece of Ventana Research entitled "Supply Chain Planning with Prescriptive Analytics: Technology Enables a More Effective Process."Read More
Feeling and logic. Throughout corporate history, these primary behaviors have been respectively assigned to women and men, although we know these labels aren’t always accurate. Take Steve Jobs. Most would probably remember him as a feeling kind of person, whereas, Meg Whitman may be viewed as a person of logic.Read More
Remember dissecting a frog in middle school? The point of the project was to learn about the internal workings of the amphibian’s organs and get a better picture of ecology as a whole. However, the smell of formaldehyde often made it difficult to think about the purpose. Instead, the tendency was to finish the task at hand — one that usually involved a knife-happy partner paired with a squeamish one who documented results with eyes half-shut.Read More
“The bittersweet pain amongst men is having knowledge with no power.”
In the film Justice League, Lex Luthor makes this poignant statement to a crowd that includes Batman and Superman. If only he had known that corporate citizens using advanced analytics have both power and knowledge, he might have attained superhero status and the realization that this knowledge extraordinaire, or simply data science, is branching out of “geekdom” and expanding across the enterprise and upward to the C-Suite.
Shale oil promises to put the United States back in the lead as an energy superpower. However, while shale oil is abundant, it can be difficult to locate and extract. This is why horizontal drilling and hydraulic fracturing, commonly referred to as fracking, have become common practice. Unfortunately, fracking is incredibly inefficient, as well as harmful to the environment.Read More
As in any industry, in oil and gas production the objective is to maximize production while minimizing overhead. Unlike many other industries, however, oil and gas refineries represent a substantial outlay of capital, so optimizing capital expenditure is critical for maximum return on investment (ROI) and return on assets (ROA).Read More