Tuesday 30 June 2020

How IoT Helps in Managing the Expenses of Oil Companies in the UAE

The Oil and gas industry is at the forefront of adopting the digital revolution. The emerging technology trends like artificial intelligence (AI), robotics, and the industrial internet of things (IIOT), digital twins, wearables, and even augmented reality are being used more in the oil and gas sector. Today the trend is like companies are making a greater investment in digital transformation with the help of a leading mobile app development companies in Dubai and developing bold approaches for managing data, leveraging the latest IoT infrastructure, and developing new business models.


As the oil and gas industry operates in a volatile environment, digitalization is not easy in the oil and gas industry. IoT is the trending technology that allows devices, machinery, and other equipment to communicate with each other, this will enable oil and gas companies to manage and store data, create applications, and set security protocols using data science methodologies. Let’s have a look at some use cases.

Sensor-based tank monitoring
This allows monitor real-time equipment performance and inventory levels in the oil & gas industry.
Sensors that monitor inventory levels of onshore oil tanks automatically dispatch trucks when the tanks need to be emptied.
Monitor the performance of above-ground pumps to alert maintenance teams of potential and actual issues and provide employees with early warning signs of possible safety issues to help prevent injuries and fatalities.
Sensor notifications is another advantage it enables continuous pumping while optimizing inventory transportation 


Acoustic operations monitoring

This will analyze oil composition within pipelines, while laboratory tests from simulated field conditions and selected sensors exhibiting optimal oil flow performance enhance the readings.

Digital twin for projects

This will help the oil & gas companies the ability to drill down virtually to obtain project progress updates increasing knowledge-gathering efficiency.

Digital twin for assets

This digital twin predicts potential maintenance issues and optimizes operating parameters to elongate asset life and reduce downtime.

Seismic exploration sensors

This will help to map subsurface drilling sites to determine new drilling locations and optimize the output of operational sites.
Mobile application development companies in Dubai help the oil and gas industry to go beyond encompassing specific digital capabilities through digitalization. As the technology becomes more affordable and the appetite for investment increases in light price declines. Digital solutions through the best app development companies in Dubai are becoming more common in all industries as access options for companies looking for competitive advantage. Following are the major areas benefiting from digital transformation

Real-time monitoring of the status of an asset 
Predictive forecasting enhanced by analysis and robotics results in lower costs.
Emission monitoring, control, and management
Real-time integration of the machine and sensor 
Resource planning and control panel to activate maintenance workflow.
Improved operational efficiency, safety and minimize maintenance costs.


This IoT technology allows bulky and unstructured machine-generated data to analyze information that drives improvements in design and execution, leading to smarter and faster decision creating and M2M communications in the oil and gas sector. With the help of the best mobile application development companies in Dubai you will get the following advantages
 IoT to improve field communication through the implementation of intelligent energy solutions based
Reduction of maintenance costs, real-time monitoring, and greater security.

Conclusion

So in this digital era, a leading mobile app development company in Dubai offers new digitally-enabled opportunities ahead. DxMinds Technologies is the best mobile application development company in Dubai that offers high performing IoT and AI services and solutions for leading oil and gas industries in Middle Eastern countries and for the global market has deep knowledge in the operations of oil and gas companies.


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