The oil and gas (O&G) industry must embrace emerging technologies to deliver operational resiliency, agility, innovation, and better safety. Energy companies face several operational challenges, such as the lack of visibility in production, reliable methods to measure performance, and rise in maintenance costs. The dependence on archaic manual processes (often, paper-based), lack of reliable data sources, and inadequate analytics and visualization capabilities also make it difficult to deliver efficient and optimized processes. Organizations must turn to new technologies, such as cloud platforms, edge computing, industrial Internet of Things (IIoT) sensors, and augmented reality (AR) to improve operational efficiency.
