There are many industries being transformed by the Internet of Things (IoT) – a network of physical objects – devices, vehicles and buildings – embedded with electronics, software, sensors and network connectivity that enables these objects to collect and exchange data.
Businesses in almost every industry throughout the world are realizing how they can leverage IoT devices to lower operating costs, increase productivity, expand to new markets and develop new product offerings.
Oil, gas and mining:
We estimate 5.4 million IoT devices will be used on oil extraction sites by 2020. The devices will primarily be internet-connected sensors ...