The oil and gas (oil and gas) industry has been hit hard by the pandemic. The volatile oil price puts the industry on the verge of uncertainty. The impact generated by a pandemic is unprecedented, requiring the oil and gas industry to design the right strategy to survive.
The use of ICT solutions and the application of digitization can be the best solution to get through difficult times during a pandemic. The use of technology itself has long been echoed by various oil and gas companies. However, with the impact of the pandemic being so significant, digital transformation is a must for businesses to survive. Here’s how ICT solutions can help the oil and gas industry survive.
Digitalization for Efficiency
Installing IoT sensors to collect data from the field is a further step that the oil and gas industry can take in terms of budget efficiency. Although the data retrieved …Read More