Start driving decisions with machine data.
Categories:

    "Benefits from digitalisation flow quickly. This is has become increasingly relevant to the Oil and Gas industry because low oil prices coupled with aging assets means profitability can only be achieved by making operations more productive."

    Industry 4.0 in oil and gas is very relevant to the manufacturing industry. Machine monitoring can improve efficiency and safety for anyone using machines.

    The positive impacts are being seen across the manufacturing industry and many, many others. Have you made the switch yet? 

    Recommended ReadDigitalisation in oil & gas – The upstream response to Industry 4.0Source: http://www.itproportal.com

    Since the turn of this century, productivity growth has become an increasingly prominent government priority. The past decade has seen several Oil & Gas operator technologies advancing quickly in performance and declining rapidly in price, and they are believed to hold the key to enhancing industrial productivity in the sector.  These include IoT, remote sensing, data combination and dissemination, cloud computing, autonomous vehicles, industrial internet, additive manufacture, block-chain, analytics and artificial intelligence. Together they form the foundations of what is commonly referred to as the 4th Industrial Revolution. In line with this revolution, 2017 has seen huge investments into digitalisation in the industry. Statoil unveiled its 1Bln Kroner digitalisation initiative, BP invested $20m in an AI company called Beyond Limits and GE forecast that their digitalisation platform will be part of a $6Bln revenue stream by 2020. Read More

    Comments

    Leave a comment

    Subscribe to our mailing list

    Related posts

    Why now is the time for SMEs to invest in Industry 4.0

    Why now is the time for SMEs to invest in Industry 4.0

    If you're in the manufacturing field, chances are you have been reading about Industry 4.0 for a while now.  It might seem like it's too late at this point for SMEs, like you're too far behind.  That'...

    Industry 4.0
    The difference between machine vision and machine learning

    The difference between machine vision and machine learning

    You have probably heard of machine learning at this point, but have you heard the term machine vision? What's the difference? While they seem similar, these terms actually mean totally different thing...

    Industry 4.0
    Manufacturing personalization in 2020

    Manufacturing personalization in 2020

    It shouldn't be a surprise that personalization is expected to be a big manufacturing trend in 2020.  After all, this trend has already been on the rise! Here are two reasons why personalization will ...

    Industry 4.0
    Getting the most from the data you collect

    Getting the most from the data you collect

    Data is just data until you can make sense of it.  Are you just collecting data for the sake of collecting it, or are you actually ready to use it and make some important decisions?  In order to best ...

    Industry 4.0
    Why Industry 4.0 isn't as complicated as you might think

    Why Industry 4.0 isn't as complicated as you might think

    Industry 4.0 is a major buzzword that the manufacturing industry can't stop talking about.  With buzzwords comes a lot  of hype. It can seem intimidating but it doesn't have to be! Instead of dreaming...

    Industry 4.0
    Is automation right for every manufacturer?

    Is automation right for every manufacturer?

    There's no doubt that automation is doing some amazing things in the world of manufacturing.  But, does that mean it's right for everyone? Of course not.  Here's why automation might not be the best o...

    Industry 4.0
    Three practical steps toward Industry 4.0

    Three practical steps toward Industry 4.0

    It's easy to dream when it comes to Industry 4.0.  How cool are those crisp, clean, fully automated factories? However, that's not right or attainable for everyone.  Keep on dreaming, but in the meant...

    Industry 4.0
    Overcoming industry 4.0 challenges

    Overcoming industry 4.0 challenges

    Manufacturing companies around the world are trying to adopt new technology and jump on board with industry 4.0. However, it's not always that easy! Change can be difficult and confusing! There are al...

    Industry 4.0
    The value in real-time analytics

    The value in real-time analytics

    Real-time analytics can be a game changer for manufacturers trying to improve their production and predictive maintenance. It can also help you reduce downtime and errors.  When it comes down to it, m...

    Industry 4.0
    Technologies to implement in 2020

    Technologies to implement in 2020

    When you imagine Industry 4.0, what do you picture? Is it a drastic difference from your manufacturing floor setup today? The truth is that is doesn't have to be like that at all. Industry 4.0 can be ...

    Industry 4.0