The use of digital technology , including real - time data mining and the industrial internet of technology , can help oil and gas operators achieve top - quartile performance resulting in profits of $ 7bn , according to a report by researchers . Automated production surveillance , monitoring 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.