IoT (Internet of Things) trends are connecting all business levels and promising transformation, with many companies embracing various technologies and platforms to implement IoT networks.
Generally, IoT networks consist of a number of controlled intelligent devices, typically deployed to improve the efficiency of the engineering process, enable automation and reduce the resources wastage. IoT networks are considered suitable candidates for many types of field operations ranging from exploration to production and refining, and are rapidly evolving in the oil, gas and mining applications.
In the operational field, detecting and reporting catastrophic failures and/or destructive events in real-time reduces production downtime. Information delivery from the end-user to the central processing unit is vital to streamlining production with many organisations adopting integration approaches to link multiple telecommunications and control systems.
This white paper release explores the touted benefits of IoT systems within these sectors and reviews the claims that these networks can increase operational efficiencies and provide business benefits that positively influence growth, production, safety and environmental factors.