Novi

Novi Labs is a cloud-based oil and gas software platform that claims to improve economic outcomes and drive efficiency for oilfield drilling operators and investors. According to the vendor, the platform offers data-driven forecasting, analytics, and machine learning capabilities to help users make data-driven decisions and optimize their operations. It is designed to cater to a wide range of companies in the oil and gas industry, from small independent operators to large multinational corporations. The platform is said to be utilized by oil and gas operators, energy investors, reservoir engineers, geoscientists, and financial institutions to enhance decision quality, efficiency, and return on capital.

Key Features

Novi Insight Engine: According to the vendor, this feature provides fast and intuitive dashboards for E&P operators, analysts, and investors to spot trends, analyze competitors, and stay informed about energy markets.

Novi Data Engine: The vendor claims that this feature enables users to build analytics-ready datasets quickly by automating the process of blending, cleaning, and joining different data sources.

Novi Model Engine: The vendor states that this feature allows engineers, analysts, and geoscientists to build customized machine learning models for accurate oil and gas forecasting.

Novi Forecast Engine: According to the vendor, this feature generates unbiased and accurate forecasts using machine learning models, improving decision-making for asset valuations, development optimization, and planning and budgeting.

Novi Data Network (NDN): The vendor claims that this feature enables oil and gas companies to pool their production and completion data for training machine learning models.

Industry-Leading Data Science: According to the vendor, Novi Labs builds analytics-ready, investment-grade datasets with automated quality checks and data improvement processes.

Works with Existing Tools and Workflows: The vendor states that Novi's oil and gas data is compatible with existing tools and workflows, offering structured data for analysis.

Low-Latency Approach: According to the vendor, Novi Labs provides a low-latency approach with real-time access to data through the REST API.

Integration with Tableau, Spotfire, or Power BI: The vendor claims that Novi's oil and gas data fully integrates with popular analytics tools, enabling seamless data visualization and analysis within these platforms.