Internet of Things may contribute for optimization of O&G services
The opportunities for the oil and gas industry arising from the new digital revolution, driven by the Internet of Things, was a lecture theme held by IoT director for Microsoft Latin America, Francisco Corona, last Monday, July 4 at the IBP, in Rio de Janeiro.
Organized by the IBP’s Technology and Pipeline Committee and intended for associate members of the Institute, the lecture addressed how the Internet of Things has been increasing the connection between people and things in large scale, also impacting the business environment, especially the oil industry – in particular, with the optimization of the operations, equipment maintenance, among other benefits.
According to the lecturer, Microsoft executive Francisco Corona, “connected devices outnumber the world’s population in 1.5 to 1. The pace of adoption of IoT by the market is constantly increasing due to the expansion of analytical solutions and cloud computing, the growing connectivity between intelligent machines and personal devices and the increasing quantity of applications that connect the supply chain, partners and clients”.
Focus on cyber security
When the executive was asked as whether the companies in the sector have sought cyber security protection for their operations, he pointed out that such investment is essential nowadays, not only for companies, but also for nations. “The governments of the USA and other countries have hired services to prevent attacks and data security, for instance. The platform by Microsoft has 27 international certifications and offer full data privacy”, he explained.
In addition to cyber security, other issues were addressed concerning Machine Learning, not to mention advanced (predictive and prescriptive) analytical solutions available on the Microsoft Azure Platform Services and case studies that have already been implemented by Microsoft and its partners, such as the project carried out in partnership with Thyssenkrupp. Together, the companies have developed an intelligent call center system to monitor and predict elevators’ faults and stops.