Make Data the New Oil: IIoT-Enabled Predictive Maintenance for Oil and Gas




According to a Kimberlite research, just 3.65 days of unplanned downtime a year can cost an oil and gas company $5.037 million. An average offshore oil and gas company experiences about 27 days of unplanned downtime a year, which can amount to $38 million in losses. In some cases, this number can go to as much as $88 million.

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Original article: Make Data the New Oil: IIoT-Enabled Predictive Maintenance for Oil and Gas
Author: Guest Contributor