In the oil and gas industry, the promise of IoT applications lies not with managing existing assets, supply chains, or customer relationships but, rather, in creating new value in information about these. An integrated deployment strategy is key for O&G companies looking to find value in IoT technology.
The global oil and gas industry’s hunt for hydrocarbons in increasingly remote, extreme environments and its focus on safety and efficiency as it faces a shortage of expertise is driving the need for Internet of Things solutions within the industry.