- What you need to know...
- IoT is becoming the next cloud battleground. Amazon, Google, Microsoft, Alibaba and IBM are competing with each other to provide the cloud infrastructure that will connect and run the world’s connected things.
- Cyberattacks remain a significant risk of inventors in industrial IoT.
- The O&G industry is perhaps the most asset-intensive one, and every newly added wellhead, pump and compressor raises a company’s operational risk.
- Technological shifts in the oil and gas industry have led the transformation of this sector in the past few years.
IoT is changing the face
Oil prices have traversed a period of low prices and the financial strain has forced oil and gas companies to implement innovative ways to lower costs and deploy investment efficiently. The typical approach is to stay ahead of the curve through cutbacks on operational expenses and labor.