First there was big data and now Blockchain is being hailed as the next transformative technology. It took the oil price crash and the resulting focus on reducing OPEX for the oil and gas industry to embrace digital change and that decision will have huge ramifications. The World Economic Forum…
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.