Technological advancements have brought significant changes in almost every industry by accelerating the rate of development and the efficiency of performance. One such sector is the oil and gas industry.
Technologies like AI, ML, and IoT have made a remarkable contribution in this area by pretty much transforming the entire functioning of the oil and gas industry. Among these technologies, the IoT technology for oil and gas industry packs the greatest potential as it can autonomously detect the system's threats, target the actual issue, and deliver an optimum solution simultaneously. Passive components like remote sensors, cloud computing solutions, and machine learning tools are used to monitor oil and gas issues. This monitoring helps to identify risks at earlier stages and then mitigate them to reduce the chances of large-scale failure.
