Is Cloud Computing a Perfect Choice for the Oil and Gas Industry?

Is Cloud Computing a Perfect Choice for the Oil and Gas Industry?

By Energy CIO Insights | Thursday, July 04, 2019

The unlimited data storage capabilities provided by the cloud technology will reshape the functionalities of the oil and gas industry.

FREMONT, CA: Presently, 2.5 quintillion bytes of data are being injected daily into the computational atmosphere, and with the increase in the internet of things (IoT) devices, this statistic is set to reach stratospheric level. With the massive influx of data forcing hardware storage expansion and decreasing functional area, the day is not far enough when the industry will run out of physical space. Hence, the evolution of traditional storage hardware has become a necessity in today’s world. 

Like every other industry, the oil and gas sector is also facing a spatial crisis of storing a multitude of information. However, with the rise of cloud computing, the oil and gas enterprises have obtained an unlimited data storage platform.

Check Out: Top 10 Energy Tech Companies 

Sensors in the Oilfields

Monitoring sensor is becoming largely popular in the oilfields sector. The sensor assists the management teams in detecting and identifying any supply chain fatalities, which further help them to plan working procedures accordingly. Tracking equipment links the supply chain with field workers, managers, and specialists. By bridging the gap between mechanics and logistics, the sensor increases the efficiency of the entire workflow process. Data collected from the embedded sensor offers expert insights for analysis. Furthermore, information about which enterprises have deployed what systems in their oilfields can help the companies to draft future developments.

As big data analytics continues to show its mark in the oilfields sector, the collection of information needs to scale-up rapidly. Cloud storage offers an internet data saving platform, which makes the accumulation of unlimited data possible. With the integration of cloud technology, the growth of data will cause no impact on a company’s asset, which will further eliminate the cost of maintenance and elevate the margin of profit.

Energy Tech Companies : AdvantechLIthium WerksPivvot.

Why Cloud is a Perfect Choice?

Even though cloud technology has proved its worth in every field, some enterprises still resist cloud due to security concerns and data ownership issues. However, the cloud is more secure than the traditional WiFi connections, as the integration of could technology only creates a limited number of access points while lowering the risk of cyberattacks. Moreover, cloud computing provides a perfect platform for big data, artificial intelligence (AI), and IoT without compromising the mobility in the oilfields. 

Weekly Brief

New Editions