Decline curve analysis (DCA) is a graphical procedure used for analyzing declining production rates and forecasting the future performance of oil and gas wells. Fitting a line through the performance history and assuming this same trend will continue in the future forms the basis of the DCA concept.
Contour lines are lines drawn on a map connecting points of equal elevation, which may be height, or it can be any other measure that defines topography. Contour lines are useful because they illustrate the shape of the land surface—its topography on the map. Due to their characteristics, contour lines add more meaning to a map… Read More →
Over the last 40 years, Vestas Wind Systems has become a market leader in the wind turbine industry. It has more than 33,000 turbines under management, as well as 16 years of wind data and 30 years of wind turbine data. To drive analytics across the business “deeper, faster, and… Read More →
What can your customers’ purchasing behavior tell you? Can you group your customers based on their past purchasing behavior to learn more about them? The Customer Analytics Segmentation Analysis Template for Spotfire in the Customer Analytics Template series helps you answer these questions. Using the template, you can apply a clustering… Read More →
“I want to include data science in my curriculum, but I can’t find anything useful on the Internet. Can you help?” asked Bill Gibson, a computer science teacher at our local high school. Bill knew I was a geek, but not that I’m the head of analytics at TIBCO. Thanks… Read More →
Equifax powers the financial future of individuals and organizations around the world. Using the combined strength of unique and trusted data, technology, and innovative analytics, it has grown from a consumer credit company into a leading provider of insights and knowledge that help its customers make informed decisions.
“How well do you know your customers?” “What products do they buy?” “Do they only buy one type of product, or are they also likely to buy products from other categories?” “What product groups are they likely to purchase together?” “Can you find similarities among your customers and make relevant… Read More →
Problem description: I’ve worked on a number of projects lately where a common problem has been presented. The scenario goes something like this: Consider the Spotfire table below. For each category, there are several machines. Daily estimated values for each machine are reported over a period of time. When I… Read More →
We are living in an exciting world. Anyone with a credit card and an idea for a project can build a datacenter in a matter of minutes. Today’s world is about efficiency and TIBCO Jaspersoft paired with Amazon Web Services brings you just that.
Like most things, when you start to dig under the surface you often uncover a wealth of hidden value. This is the case for Plantronics, a 50-year-old communications company whose products brought you everything from Neil Armstrong’s “one small step for man, one giant leap for mankind” to those who… Read More →