How Oil Production Apps are Fueling Operational Efficiencies for the Industry?

by Reyansh A. Reyansh_Arora Blog

In 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

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Created on Sep 12th 2019 05:14. Viewed 172 times.

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