Transform your Oil and Gas Company with these 3 Digital Technologies in 2023

Reinvent and Grow your Oil and Gas Company by Deploying Digital Technologies

Artificial Intelligence and Data Science

Companies can transform their operations with oil and gas software solutions powered by AI and data science. Big data and AI can empower powerful analytics platforms to offer insights for better operational and managerial efficiency to reduce disruptions in the oil and gas supply chain. Companies can save significantly on infrastructure by leveraging advanced analytics and the cloud.

Oil and gas companies can leverage big data gathered from expensive machines running offshore drilling platforms for predictive maintenance of assets and to reduce downtime.

Industrial IoT

Unexpected leaks and damages in oil and gas extraction often lead to significant financial and environmental damage. With advanced oil and gas technology solutions powered by IoT (Internet of Things), companies can efficiently monitor pumps, pipes, and filters in the system by leveraging real-time data to avoid leaks. With this, companies can reduce unnecessary error-prone manual system checks and can deploy workers only when anomalies are detected.

The IoT-enabled sensors enable business-critical asset monitoring for companies. They can easily access usage and maintenance data of heavy machines running on offshore drilling sites with extreme conditions. Companies can leverage IoT-enabled sensors to get real-time data to control performance parameters and achieve accurate measurements.

Automation is a boon

The oil and gas companies can leverage RPA (robotics process automation) to automate the closing process, significantly reduce the closing time and risk of human errors and enhance clarity in the oil and gas industry. Using RPA-based oil and gas technology solutions, they can automate procurement transactions for better cycle times and achieve overall efficiency in oil and gas supply chains.   

Oil and gas companies usually leverage drones in offshore drilling. They can switch to drones and submersible bots to automate inspecting inaccessible areas in offshore drilling. Leveraging bots, companies can reduce the scope of error, enhance worker safety, install new parts, and repair existing ones in risky locations.