The use of digital technology, including real-time data analytics and the industrial internet of things, can help oil and gas operators achieve top-quartile performance resulting in profits of $7bn, according to a report by Emerson’s Operational Certainty™. Automated production surveillance, modelling and analytics helped improve production, while analytics and automation diagnostics boosted equipment reliability, and prescriptive maintenance reduced safety risks.
The use of digital technology, including real-time data analytics and the industrial internet of things, can help oil and gas operators achieve top-quartile performance resulting in profits of $7bn, according to a report by Emerson. Automated production surveillance, modelling and analytics helped improve production, while analytics and automation diagnostics boosted equipment reliability, and prescriptive maintenance reduced safety risks.