The oil and gas sector in particular remains very mechanical and there’s a lot of scope for digital integration. This is important on several levels. Extracting oil from the ground can be risky business, for the staff manning oil rigs, the environment, and, indeed, the financial backers, and mistakes can have grave consequences. Digitalising processes removes much of this risk. Moreover, regulatory pressures are increasingly driving operators to seek full visibility across the entire length of the pipeline as well as the ability to remotely manage the pipelines.
However, for IoT initiatives to be useful and effective, the right skills need to be in place to manage deployments and exploit the data that they generate. Like companies in every sector, future success hinges on the ability to attract the best possible talent, and increasingly-technology dependent energy companies are finding themselves competing with the likes of Silicon Valley for skilled staff.