The Importance of Technology Merging In The Oil and Gas Sector

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In the oil and gas sector, conventional mode of operation approved traditional technologies such as fixed-wing aircraft and a human workforce to monitor operations. Nonetheless, this does not allow precise monitoring because manual inspections are prone to errors from different sources during processes.

Moreover, it is progressively difficult to inspect hazardous and cluttered areas. This has brought about a need to embrace disruptive technologies in the oil and gas industry. Effective utilization of a large amount of information available in the oil and gas industry which has not been processed over time and can potentially yield productive insights. 

 Technology merging in the oil and gas sector has witnessed the adoption of several technologies such as artificial intelligence (AI), Big Data analytics, advanced sensor technologies, robotic process automation, autonomous robots, and drones. These can enable effective inspection of oil rig sites, corrosion and leaks monitoring, enable predictive maintenance of equipment thereby resulting in much higher efficiency of the industry. 

 The technology and innovation report “Technology Convergence Impacting Oil and Gas Sector” covers permitting technologies driving the future of the oil and gas sector. The information captures ideas on technology and application landscape, key stakeholder initiatives, and growth opportunities for technologies in a smarter and modern workplace. 

 The important questions addressed in the innovation report: What are the key emerging technologies that are likely to have a high impact on the oil and gas sector? What are the benefits and applications of the technologies enabling the oil and gas sector? How are organizations impacting the digitization trend in the oil and gas sector? What are some key use case scenarios showcasing the impact of technology adoption? Who are the major influencers and what are the recent technology initiatives? What are future growth opportunities?


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