The digital oilfield represents the next wave of digital transformation for the oil and gas industry. Using a combination of emerging technologies such as artificial intelligence (AI), the Internet of Things (IoT), augmented reality, mobile connectivity and the cloud, the digital oilfield promises to help operators gather, analyze and react in real-time to production-related information in the field.
These solutions provide rational decision-making through the use of models, workflows, and intelligently filtered data within a multi-disciplinary organization of diverse capabilities and engineering skill sets. The above-listed applications of digital oilfields are key factors for driving the growth of this market. According to a research report by Astute Analytica, the global Digital Oilfield Market will register a revenue of US$ 32 Billion by the end of the year 2027.
Automation plays a key role. By taking human out of routine tasks like equipment monitoring, the digital oilfield empowers skilled workers to utilize their knowledge more effectively and to solve more difficult problems.
Solutions Offered for Digital Oilfield
Chai One, is a digital oil field solution provider that makes available optimized digital solutions that will be effective on businesses that have been streamlined over the years. It also involves itself in the decision-making platform of such companies to help render it useful and appealing in the long run.
3gig aims at making available a platform called the Smart Process Application which is used to aid the improvement of active and human-based business that banks on collaborations.
Infosys Oil and Gas practice connects the oil field to the office by aligning people, processes, and technology. Digital Oil Field (DOF) solutions reduce the environmental footprint of hydrocarbon businesses. Infosys provides real-time monitoring, analysis, and control tools to facilitate proactive event and field management.
HUVR is a digital oil field solution provider does its inspections through cloud drones, and in the process, helps to analyze the data that has been collected from other companies or assets that do not make use of drones for their inspections. This will help it to compare and contrast all the details or data that has been collected.
Future On not only shows subscribers how to build an effective digital strategy for a future energy company, but it also indicates to individuals the strategy involved in digitization. According to Future On, more dominant energy companies now develop and operate off-the-grid oil and gas, which could have only been possible with the presence of digitalization.
Blue River Analytics makes its presence known by helping oil and gas production companies enforce a creative and competitive environment that will not only be advantageous but make use of or develop tools like visual and predictive analytic tools.
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https://astute1.odoo.com/digital-oilfield-market-1
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