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The State of IoT in the Oil and Gas Industry

January 31, 2020

From health care to utilities, countless industries now use the Internet of Things to achieve greater efficiencies and cost savings. IoT in oil and gas is no exception. While exploration and production prediction are certainly on oil and gas companies’ radar, their current focus is on optimization and predictive maintenance. At 65%, the top use case currently deployed in the oil and gas industry is supply chain optimization/tracking, according to 451 Research’s Voice of the Enterprise Survey which tracked IoT implementations in six verticals. Another 20% of respondents report plans to roll out the use case within two years. What’s interesting to note is that this isn’t just the top use case in the oil and gas industry but across all six verticals tracked by 451 Research, including manufacturing and utilities.