October 25, 2021

Evolution of the Oil and Gas Business Model: Room to Build on a Strong Foundation

In oil & gas, enthusiasm for Industrial Internet of Things (IIoT) is already abundant. But unfulfilled potential abounds. A new study from Bsquare found that while 89% of businesses employ some sort of solution, most deployments remain fairly basic. Since advanced IIoT offers significantly greater ROI, many companies are leaving substantial value on the table. With cost reduction cited as the top driver of IIoT adoption, it pays to know if you’re maximizing ROI. For more on your competitors’ digital maturity, as well as how advanced IIoT can give your business an edge, check out the survey infographic.

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3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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