The oil and gas supply chain is complex. One set of complexities involves tank farms. The often-massive storage tanks and extensive auxiliary equipment and instrumentation represent expensive assets. Achieving operational flexibility involves coordinating a large set of technologies and business functions. This article describes oil tank storage and movement best practices.
Just because we have a massive junkyard of data in a data lake does not mean we have the right data to answer key supply chain questions like: “How do I improve production rate, reduce maintenance costs, or improve product quality in my factory”. Machine learning with neural networks is a promising technology for extracting useful models for data, but typically needs very specific data that is not likely to be found in a data lake.