ShareWhat can be learned about Industrial Internet from the oil and gas industry?
Many heavy industries that are contributing to the Industrial Internet, understand that by sharing and listening outside our own industries we gain maximum benefits of the solutions enabled by Industrial Internet. In oil and gas industry, Industrial Internet can offer efficiency gains at all levels of value chain, according to New Technology Magazine. “The oil and gas industry could save billions of dollars by shifting all of its upstream, midstream and downstream operations to the Industrial Internet, say energy and technology executives with two of the world’s largest corporations, both of which have embraced the technology”, writes Jim Bentein. Even though the article focuses on the oil and gas industry, there are many similarities compared to manufacturing, steel and the pulp and paper industry. For example, “M2M technology approach would also allow operators to take a predictive approach toward equipment failures.” Read more about benefits of Industrial Internet in other industries at:
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