In some aspects, the present invention comprises a system and method for optimizing the control scheme used for drilling operations based on the complex and large data sets available in realtime during operation of a wellsite and based on existing model data available at the wellsite for past similar drilling operations. Such optimizations typically require downtime to quantify how the realtime values will factor into the control model, but the present invention allows for such optimization in realtime in a closed-loop system that will reduce the non-productive time associated with reservoir operations.