Drilling for natural resources is a practice that dates back to the mid-1800s. The reconciliation process for run tickets has been around for almost as long but, unlike drilling, has received very little attention when it comes to improvement. Many companies are still hand-ticketing, forcing accountants to spend hours going through individual tickets manually to…
Combating Cybersecurity Threats Through the Cloud
Many business executives shift their operations to the cloud because it affords them opportunities to streamline their day-to-day processes and back up their data. But what many don’t realize is that they’re also paving the way for better protection against data breaches and hacking attempts. Cloud cybersecurity has powerful potential for safeguarding sensitive data and…
Should You Be Looking at Migrating to Decentralized or Distributed Databases?
You’ve decided to move your business operations to the cloud. Smart move. Cloud computing is the undisputed path of the future and unlocks numerous benefits for streamlining your operations. But before you migrate data or start structuring your private business cloud, you’ll need to decide if now is also the right time to make the…
Artificial Intelligence Is Powering the Future of Oil and Gas
One of the biggest buzzwords across virtually every industry today is artificial intelligence (AI). But while we tend to associate a major AI presence in tech-minded fields like software development or data aggregation, it’s actually making huge inroads where you might least expect. Namely, in the commodities industry through advancements specific to oil and gas….
When’s the Last Time You Stress-Tested Your IT Infrastructure?
Your website goes viral after someone posts something on social media. Immediately, people begin to flock to your URL. But as the visitor count rises, load times and lag noticeably jump. Then, your site crashes altogether. For as long as it’s down, you’re missing out on all that traffic and all the opportunities that come…
If Your eCommerce Site Isn’t GDPR-Compliant Yet, It Needs to Be
You may remember your inbox blowing up just a month or two ago, flooded with subject lines like “Privacy Policy Update” or “User Data Transparency Statement.” There’s a reason every single website you’ve ever signed up for decided to revise their policy terms in short order: the passage of the General Data Protection Regulation (GDPR)….
Oil and Gas Production Allocation: Filing 1099s Accurately
As we head into the fourth quarter, it’s time to start thinking ahead to end-of-the-year tax responsibilities. Corporations in the United States that utilize contractors and vendors need to start filing a Form-1099 for each business collaborator. Before filing, it’s a good idea to review your data and make sure all filings are accurate. Depending…
Retail is a Cyclical Industry. Are You Forecasting Appropriately?
Inventory management can make or break an online retailer. But there’s more to managing your inventory than just making sure you have products ordered or in stock. In today’s fast-paced, eCommerce-driven world you need to know what products shoppers want before they come looking for them. This means predicting your inventory as much as maintaining…
Managed Clouds are Gaining Steam, Here’s Why
Cloud computing is a familiar concept to anyone in the business world today. Being able to host a collaborative file in the cloud, for example, is something modern businesses do daily. But the cloud goes far beyond just document sharing and storage: It extends to every connected device and legacy process your business has set…
Preparing for an IPO: What You Need to Know About Managing Data as a Public Company
Taking your company public is one of the most pivotal decisions you can make when it comes to determining its future. You have to consider what your operations will look like under the microscope of public investors, which means shoring up any shortcomings before you put forth your Initial Public Offering (IPO). One of the…
