HOW IS IIOT DEPLOYED DIFFERENTLY IN THE ENERGY SECTOR ?
HOW IS IIOT DEPLOYED DIFFERENTLY IN THE ENERGY SECTOR ?
The energy sector is notably diverse , with , for example , oil & gas and utility companies possessing different objectives and operational standards . IIoT ’ s deployment within these subcategories will generally be dependent on ROI potential , although Walsh highlights its data collection / analysis potential to be a common denominator .
• Utilities : “ An electrical utility ’ s job is to make sure that power is reliable and affordable . Increasingly , that means being able to adapt to volatile demand and the challenges of elec tricity being sold back into the grid from multiple points , like solar panels ,” says Walsh . IIoT is instrumental in managing the data of large , highly complex grids and driving optimisation with artificial intelligence ( AI ) and machine learning ( ML ) software .
• Oil & gas : For oil & gas the modernising benefits of IIoT can be truly transformative : at a time when cost-saving and maximum efficiency is needed to survive in a difficult market , gaining a holistic vantage over operations can provide the technological edge . “ In this case , the IIoT is enabling ‘ asset digital twins ’ - digital models of everything from individual components like a bearing , to a pump , to a turbine or a fleet of turbines . Using the IIoT , we can remotely operate , analyse and optimise how entire platforms are run to help customers avoid risk and maximize revenues ,” adds Walsh .
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