IoT impacts the oil and gas industries in 2022
The Internet of Things (IoT) has profound implications for the oil and gas industries. From reduced operational and maintenance costs to improved safety measures, let's examine the ways IoT will affect industry-wise change in 2022.
The Industrial Internet of Things (IIoT) is a designation for the greater IoT benefits from business-to-business (B2B). Whereas the IoT impacts business-to-consumer in a number of cost-saving ways, the oil and gas industries see positive outcomes from IIoT integrations.
One of the most dramatic effects of the IoT in these sectors is in regards to predictive maintenance. Data collected from advanced sensors, artificial intelligence (AI) and machine learning technologies allows the detection of potential faults and maintenance opportunities in equipment.
A Birlasoft article detailed how predictive maintenance works, with sensors collecting real-time data and analytics from operational machines and equipment. By analyzing everything from computer circuits to the lubrication levels of heavy-duty machines, these sensors send real-time information in data clusters to AI and machine learning programs, which, in turn, establish patterns related to their operational life. These programs effectively predict wear and tear on machinery and forecast software or hardware issues in computers well before they occur.
From these predictive algorithms, workers can perform maintenance and troubleshoot potential faults in advance of machine failure.
By replacing workers in potentially dangerous mining areas, AI and fully automated operations are making drastic strides towards reducing injury. Advanced robotics and autonomous operation capabilities were highlighted on the Nokia Digital Automation Cloud website.
360° connected coverage enables Nokia technologies to monitor sensors and fully automate haulage, dozing and drilling in spaces that once required human presence. Drone surveillance allows advanced mapping of mining and drilling locations in order to ensure structural integrity and detect vulnerabilities and emissions.
By leveraging IIoT technology, worker exposure to potentially dangerous situations may be greatly reduced.
State of the industry
The Oil and Gas IoT Summit, to be held in Lisbon, Portugal from May 26-27, 2022, is set to showcase the advances in both sectors. Regulators and technology companies will meet with leaders in the field to discuss research-based solutions to a wealth of operational challenges. Increased IoT implementations are sure to be addressed over the two days of roundtable discussions and groundbreaking technology presentations.
The summit exemplifies the interest in tech solutions to business operations for both the oil and gas industries. As the IoT continues to revolutionize the way many manufacturing and production industries, oil and gas companies increasingly rely on cutting-edge technologies to improve productivity and ensure safety.
Perle converters and servers aid oil and gas
Learn more about how Perle offers solutions for mining and quarrying related to the oil and gas industries. Whether partnering with Jorin to provide Fiber Converters in order to reduce oil pollution or aiding Forties oil field flow control efforts with terminal servers, Perle is dedicated to offering the best in IoT technology. Count on us for the best in device networking and IoT connectivity equipment.