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Peaxy introduces technology to address what it sees as a growing need for better access to Big Data by oil and gas engineers.

The growth in unstructured data, or Big Data, in the oil and gas industry means that the traditional IT-focused approach to storing this data makes it difficult for engineers to access data sets.

San Jose, Calif.-based Peaxy Inc. was founded on the premise that, in the next 18 months, oil and gas corporate boardrooms will start to view this unstructured data as a precious asset as the industry sees to boost productivity, efficiency and safety while seeking a competitive market edge in a time of declining oil prices, Peaxy President and CEO Manuel Terranova told Rigzone in an interview.

“Regardless of whether it’s an offshore company, a company focused on shale or an oilfield equipment supplier, we’re betting on a transformation to occur in boardrooms,” said Terranova.

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