Unlocking your competitive edge: How the oil and gas industry is being transformed

The Internet of Things (IoT) promises businesses of all shapes and sizes better visibility of their estate, whether the owner’s infrastructure is comprised of orchards or oil fields. Indeed, analyst firm Statista stated that 75 billion IoT devices will be installed globally by 2025. The resulting surge in raw data reported back by all these devices, such as thermometers, pressure monitors and security cameras, is set to create a bandwidth and...

Opinion: Data isn’t the new oil – with IoT, it will be much bigger

In tech circles, data becoming the world’s most valuable resource is a common refrain. Some even say it’s the new oil. And as with oil, the world’s economy is starting to pivot around the wealth and potential data promises.

In the context of the Internet of Things, however, data starts to paint a different picture — a much bigger picture. Whereas oil is a...

Gutermann AG claims first NB-IoT-based water leak detection technology launch

Gutermann AG, a Swiss provider of acoustic technologies focused on water leak detection, has announced the launch of a claimed world-first: a water leak detecting noise logger based on Narrowband Internet of Things (NB-IoT) technology.

The product, called Zonescan NB-IoT, is Gutermann’s first cellular logger. The logger is tied in to the cloud-based Zonescan Net software, which can automatically...

Sudhir Pai, TCC: On the parallels between energy, space and medicine for digital transformation

The Internet of Things (IoT), as many in the industry say, is not a tool for business transformation on its own. It has to be combined with additional technologies, as well as the right tools for data analysis, and put in the right cultural context.

Yet as technologies converge and can benefit from different perspectives, so too can industries. The Technology Collaboration Center (TCC), based out of...

IoT and LPWA are changing the game for water and gas utility networks, says Navigant

The latest report from Navigant Research has argued the market for communications nodes and associated infrastructure for water and gas utility networks is estimated to go above £1.97 billion in 2019 and is expected to reach £2.22bn in 2024.

The report also found that post 2024, the rising market share among LPWA solutions is expected to cause communications infrastructure revenue to decrease, even as equipment and node shipments continue to increase...

Sak Nayagam, BHGE: On the Industrial Internet of Things and changing energy demands

Sak Nayagam, head of alliances and channels for digital oil and gas at Baker Hughes, A GE company (BHGE), has spent the vast majority of his career thinking about the interlocking of digital and technology and how it can enable a cleaner energy future. The future, he tells IoT News, is an exciting one – but there are plenty of complex areas to navigate first.

“It’s generally accepted...

How IoTium has found a key gap in the market for industrial automation and is planning for growth

MWC19 IoTium, a provider of software for industrial automation, has had little short of a stunning 12 months. The company has been recognised by both the media – this publication recently named it in its top 25 IoT startups – and industry bodies with a listing in the prestigious GSMA 100 last month the highlight. 

With this on board Ron Victor, IoTium CEO (left), is in no mood to slow down. IoT News caught up with Victor at MWC Barcelona in the middle of a four-week...

How Losant aims to turn the long enterprise IoT journey into manageable steps

“A lot of times in this space people love to talk about the technology – but they don’t want to work with the business about how they think about the business problems they’re trying to solve,” says Charlie Key, co-founder and CEO of Losant.

It’s an interesting statement when you consider Key’s (left) background. Having spent pretty much all of his career in the software development arena – Key co-founded and led Modulus, a startup...

Validere raises $7 million in seed funding to transform oil and gas trading via artificial intelligence

Venture-backed oil and gas IoT and artificial intelligence platform Validere has raised $7 million in seed funding to transform oil and gas trading and logistics through reliable data and Artificial Intelligence (AI) insights.

Currently, as the company puts it, oil and gas companies use unreliable product quality data to make critical operational decisions and to address this problem, Validere is using...

For oil and gas, patience is key to begin implementing IoT – but the pace needs to increase after

The oil and gas industry is one of the most complex when it comes to emerging technology implementation. Yet as complicated as it is, it’s people and processes which will ultimately move the needle, according to Jim Claunch, vice president of business efficiency at Equinor.

This is not to say that the tech side can be overlooked. Take a look at the sheer amount of data Equinor gets hold of; from...