Oil & Gas Technology Report

Industrial Internet to improve the productivity of oil & gas companies

Industrial Internet has great potential in oil & gas and looks to be able to transform traditional processes and improve workflow, boosting technological capabilities of oil & gas companies. The introduction of technology could help companies in two ways. The first is that the introduction of technology could help organisations overcome operational challenges when exploring new opportunities in the search for hydrocarbons. The second, to improve productivity and efficiency, strengthening market competitiveness.

  • Key benefits gained from this report
  • Utilize industrial internet and become more dynamic and adaptable to external factors
  • Simulate scenarios, inventory optimization, demand forecasting, decision support, and logistics optimization
  • Understand how industrial internet can be applied in oil & gas and dominate your industry

Understand how industrial internet can be utilized...

Industrial Internet, or Industrial Internet of Things, is a term describing sensors, instruments, and devices which are connected to computer applications to provide real-time data for manufacturers and industrial companies.

GlobalData’s thematic research identifies oil and gas companies, such as BP, Shell, Chevron, ExxonMobil, ConocoPhillips, Gazprom, Repsol, Equinor, Saudi Aramco, Sinopec, and ADNOC as the major players in adoption of the Industrial Internet theme in the oil and gas industry.

Ravindra Puranik, Oil & Gas Analyst at GlobalData, comments:

“In general, adoption of the Industrial Internet would make organizations more dynamic and adaptable to external factors. This concept is expected to play a central role in simulation and modelling of projects against different market scenarios, optimizing inventory levels, demand forecasting, decision support, and logistics optimization, and setting up long-term objectives for an organization.”

Use GlobalData’s research to gain key insights into this industry and place yourself at the forefront of digitalization.

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