Fueled by Innovation: How Technology is Boosting Efficiency in Oil & Gas
In the oil and gas industry, there’s no shortage of opportunities for innovation.
One recent report by IBM found that, while 82% of oil and gas executives believe innovation is important to fueling the success of their company, only 40% are currently executing on an innovation strategy.
Why is there a disconnect between the intent to innovate and putting those plans into action? The IBM report cites a lack of internal digital skills as one of the main barriers to entry—which is why finding the right partner to assist with technical management can make a world of a difference.
Today’s graphic by mCloud gives an overview of how its asset management solution, AssetCare™, uses innovative technology such as AI and IoT to increase efficiency, manage assets, and ultimately cut costs.
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