Deloitte: End-to-End Automation Real Value of IIoT Technology

Deloitte sees potential for Industrial Internet of Things technology to transform the oil and gas industry beyond equipment failure monitoring. Industrial Internet of Things (IIoT) technologies such as machine learning and drones are now available, but the real value lies in linking these technologies together to allow for end-to-end automation, a Deloitte executive told attendees at the Internet of Things Oil and Gas Conference 2016 Wednesday in Houston. The self-awareness that IIoT technology offers goes beyond predicting equipment failure, said Greg Mitchell, project director with Deloitte Consulting LLP. Mitchell said that cognitive and machine learning can handle the multiple variables of an oil and gas operation better than a human being can, such as materials available and weather. Being aware of all of the conditions at an oil and gas…

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