Industry 4.0, Industrial Internet, IIOT

Industrial Internet of Things (IIoT), also known as Industry 4.0 or Industrial Internet, is a smart network of machines, advanced analytics and people that enables the monitoring, collection, exchange, analysing, and delivering of valuable data to help drive smarter and faster business decisions. This paper examines the growing applicability of IIoT in the Oil and Gas industry, and also lays out the cost-benefits of moving from a conventional method to a more enabled data driven platform.

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