In the previous post, we discussed how use cases for mobile payments on the Internet of Things (IoT) have already begun to take shape, and the fact that organizations should be taking steps now to make sure their networks are prepared to support these capabilities. This week, SageNet will be among the industry leaders in Houston for the Oil Comm Conference and Exposition, and the IoT will be the focus of multiple sessions as use cases in the energy sector continue to emerge.
For oil and gas companies, the value of the IoT lies not only with asset management and optimization of operations, but also in improving safety and security and identifying new opportunities. The IoT enables real-time monitoring of pipelines and wellheads to detect warning signs of equipment failure. Environmental indicators, performance data and imaging technology are used to instantly identify problems and assess these areas within minutes. Predictive maintenance keeps equipment running at optimal levels and reduces downtime.
Vehicle tracking and management solutions enable oil and gas companies to monitor vehicle movement and fuel consumption and costs, resulting in significant savings for fuel and maintenance. From the consumer perspective, gas stations can use geo-targeted marketing to send messages to drivers based upon their proximity to the station.
Having end-to-end, real-time visibility into assets and data enables organizations to protect these assets in terms of both cybersecurity and physical security. Suspicious activity, attempts at unauthorized access, and other threats are quickly detected and contained, and administrators are immediately notified. Security and machine data is also used to ensure the safety of employees in remote environments. If there is a potential safety issue in the field, all personnel who could be impacted receive instant alerts and instructions.
Real-time analytics enable oil and gas companies to discover and explore new opportunities, based upon hard data, not hunches. Personnel can collaborate in real time, regardless of location, using the same source of integrated, accurate data, as well as advanced analytics and automated reporting capabilities, to make faster, better-informed decisions.
The IoT brings together people, processes and assets for energy companies so data can be integrated, analyzed, converted into business value, and acted upon to deliver on that value. As we discussed in the previous post, you need a strong network and reliable connectivity to take advantage of the IoT. The challenge of making a network IoT-ready is compounded by the often rugged terrains and remote locations covered by the oil and gas industry.
SageNet provides energy companies with the connectivity required to support IoT use cases in challenging environments, using satellite connections that are so vital to oil and gas when broadband and mobile are unavailable or unreliable. In the next post, we’ll discuss SageNet’s satellite offering that was built with the energy sector in mind.