The networking of interconnected sensors and other devices with manufacturing, energy management, and industrial applications is known as the Industrial Internet of Things (IIoT). Distinct, yet related to the general Internet of Things (IoT), the IIoT will have profound implications for various industries in the coming year.
As the oil and gas industry continues to seek more tech-savvy digital natives, we are simultaneously seeing digital transformation technologies become integral components of this sector's modus operandi. Tasks that were previously completed by hand - because electronic equipment suitable for explosive environments was not readily available - are now increasingly automated or quickly done by personnel using certified mobile devices. Connected workers are able to drastically reduce their time spent on data entry and increase their accuracy in reporting, and "smart" machines are able to predict and solve potential problems before they impact productivity. These advancements in the oil and gas sector are reliant on the interconnectedness of people and machines with data. With more and better data, plus the means to use that data for improved decision-making, processes can be streamlined and optimized, time can be saved, and most importantly, risk and loss can be reduced.
During the third annual Operation Convergent Response (#OCR2019) event Nov. 19-21 at the Guardian Centers in Perry, Ga., USA, Aegex integrated our NexVu IoT Solution in realistic disaster scenarios to demonstrate the power of real-time contextual data to assist emergency response.
Internet of Things (IoT) deployment in the oil and gas industry is expected to reach $39.4 billion by 2023, according to a BIS Research. In oil and gas, IoT consists of sensors that monitor everything from pump performance to air quality to inventory, plus the machine learning and artificial intelligence tools that enable companies to automate tasks. So, why are oil and gas organizations so eager to embrace IoT? Here are a few reasons:
The recent Offshore Europe 2019 exhibition in Aberdeen, UK, was an opportunity for Aegex Technologies to showcase our NexVu IoT Solution, a modular, wireless, intrinsically safe sensor solution that can monitor more than 60,000 bespoke combinations of gases and ambient conditions in oil and gas operations to spot patterns and streamline processes.
Process safety is a framework for managing asset integrity in order to avert unplanned incidents. In the oil and gas industry, process safety management aims to limit risk by preventing the release of gases that could ignite combustible environments.
Aegex Technologies recently delivered a 30-minute webinar, “IoT for Oil & Gas Made Simple
On 15-16 August 2019 in Deer Park, Texas near Houston, multiple cutting-edge technology developers will come together to showcase their solutions that can help save lives during oil and gas industry emergencies.
Oil & Gas typically avoids ‘excitement’ – but this event is different! 4 exciting reasons to attend the Emergency Response Technology Showcase 2019
This is the last of a seven-part blog series on the latest technology trends in hazardous area operations.