How Oil Production Apps are Fueling Operational Efficiencies for the Industry?
by Reyansh A. Reyansh_Arora BlogIn the recent years, the
use of mobile apps and the IoT has revolutionized the way every industry
collects, broadcasts, and utilizes data including oil and gas industry. The major
players in oil and gas production companies too have embraced these tech
frontiers like oil production apps to make a sustainable difference to
their business.
Companies who have
invested in this latest technology are enjoying cost savings, improved-streamlined
process, more precise forecasts, and other several advantages. And that’s the
reason by 2023 the global IoT in the oil and gas market is expected to reach
almost $40 billion as per BIS research report.
Of course, to put new
technology into practice, it requires capital and time. But, by investing in IoT
and best oilfield apps, you can
enjoy tremendous ROI. Proficiency and security are the two most important
aspects of the oil and gas industry. AI, machine learning, IoT oil production apps, automation are
driving the oil and gas industry to the whole new level.
How?
Let’s discover ways oilfield apps are transforming the oil
and gas industry.
1)
Improved Inspections, Condition Monitoring and Assessment
By investing in IoT mobile apps, companies can achieve significant cost
savings and improved operational efficiencies. IoT oil production apps can inspect pipelines, can do environmental
assessments, and can examine refinery equipment and other areas.
The main advantage of IoT mobile oilfield apps is that technicians can easily collect a large volume of data and instantaneously take the essential actions.
2)
Electronic Logbook
Data was once either maintained manually or using Microsoft Excel. But
because of the huge operational database, it is nearly impossible for oil and
gas companies to standardize processes and manage massive data by hand.
This challenge has completely vanished with the entry of IoT mobile apps. Some best oilfield apps have their own logbook for tracking daily activities. The complete data is reported by email in harmonization with the back office.
3)
Fuel and Asset Management
With the use of IoT mobile apps, oil and gas companies can easily
acquire all the information such as where the asset is, what is the status, and
condition of an asset, and more.
IoT apps can execute functionalities like utilization tracking, demand forecasting, fuel order forms, remote monitoring, alerts, reports, delivery management, and key performance indicators.
Materials Management
IoT mobile apps can be used for material management functions like
reordering and stock transfer orders of materials; collection, quality
assurance, and quality control inspections of materials.
This helps get all the information about the total stock of materials. Using mobile devices companies can capture real-time data quickly and accurately and effectively carry out their material management process.
5)
Workforce Management and Field-Force Enablement
When it comes to oil and gas companies there are thousands of
technicians working on a specific assignment. Managing travel documentation, keep certificates up-to-date, and to
align schedules and rotations based on priority, availability, and skill is complex
and time-consuming.
But custom IoT mobile apps can take all these issues into account and help companies to do workforce management and field-force management efficiently. Whether a particular employee is on vacation or in the field, mobile apps can track, manage, and deploy employee seamlessly.
6)
Mobile Supply Chain Collaboration
IoT mobile apps help expert workers to collaborate in real-time across
the global supply chain when they are not able to be physically present at the
plant.
It truly increases plant availability and reduces time-to-market and money that goes into oil and gas app development.
7)
Enhanced Decision Making
With IoT and oil production apps, oil and gas companies can
obtain the most relevant information. After analyzing everything by its
severity and propinquity, companies can prioritize tasks better.
IoT mobile apps give a chance to companies to focus on their improvement
areas and at the end, it will boost the output and efficiency of workers. Using
mobile analytics and dashboard companies can monitor drilling operations,
advancement in drilling procedure, reports of production and many more.
8)
Improved Partner Collaboration
Partner collaboration and teamwork is a lengthy procedure which includes
performance analysis, maintenance, and billing procedures. IoT mobile apps can
make partner management more efficient starting from partner selection to
partner performance analysis and comparison.
Conclusion:
In nutshell, by using
IoT mobile apps in oil and gas, companies can simplify their processes, advance
their performance, minimize their downtime, and can achieve continuous steady production.
Nowadays, the oil and
gas industry is becoming more cut-throat so companies can’t afford to be left
behind. But, if companies can realize the opportunities inherent in adopting
IoT mobile apps, their future certainly will shine.
Source Link: https://www.researchandmarkets.com/research/dz75vw/global_iot_in_oil?w=12
Sponsor Ads
Created on Sep 12th 2019 05:14. Viewed 174 times.