Embracing Oilfield Digitalization to Reduce Operating Costs
Over more than a decade, the promises of industrial automation, artificial intelligence (“AI”), Machine to Machine (“M2M”) communications and the overall Industrial Internet of Things (“IIoT”) have inundated energy companies with grand visions of a “Digital Oilfield”. Many of these advancements have been made under the stress of falling oil prices, industry downturns, and now...
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