A multi-platform approach can make the insights-to-action journey much easier and dynamic as it brings data from different streams under a single pool.
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For good return on assets (ROA), especially in a COVID-hit environment where businesses are using their cash reserves judiciously, what needs to be charted is a strategic roadmap for asset maintenance.
A journey that began for most E&P companies from being in a reactive mode to a proactive and then a predictive mode now hinges on 5 key levers:
Mobility Solutions & Apps
Connecting of assets, processes and personnel enable the capture of data and events from which a company can learn behavior and usage, react with preventive action or argument, or transform business processes. The IoT is a foundational capability for the creation of a digital business