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As the world becomes more receptive to the advantages of big data, the oil industry does not seem to be far behind. If the huge amount of data is just stored, then it has little worth and so, for it to be useful, it has to be identified, aggregated, stored, analyzed and perfected. The ability to access and draw rich insights from large data sets can make the oil industry more profitable and efficient. A successful oil company will quickly forecast the potential information and keep costs low to actualize its success without losing any discrepancy in the evaluation of the data set.