SingleStore Improves Financial Operations for a Major Oil and Gas Company

The oil and gas company faced significant challenges with its previous infrastructure, including slow and limited data processing operations, poor concurrency, and inadequate analytics capabilities. The company's ability to bring in and process large amounts of IoT-generated data was severely handicapped by these limitations, resulting in missed opportunities for cost savings and revenue growth. In an effort to address these issues, the company replaced its existing NoSQL databases with SingleStoreDB, a real-time distributed SQL database that delivers price-performance, scalability, and SQL support. The new system has enabled the company to generate financial forecasts multiple times a day, with much greater performance, flexibility, and profitability than with its previous infrastructure.