The Energy Report: Big Oil Has Finally Joined The Digital Revolution

The oil price crash of 2014 and the global ‘digitalization and disruption’ drive coincided in a rather bizarre way to push the oil industry to seek cost cuts through innovation and new technologies.

Big Tech was only too pleased to help Big Oil, seeing a new revenue stream in an industry long thought to be of the ‘dinosaur’ type that was too slow to embrace new ways of doing things.  
Not anymore. Many oil and gas firms, especially the world’s biggest, are already using data analytics, cloud computing, digital oil fields, digital twins, robotics, automation, predictive maintenance, machine learning, and even AI.

more iot news