Cisco reports more oil firms are investing in Industrial IoT which can improve decision making, safety and profits

Briefing

December 5, 2016

Briefing	Cisco study – Reports more oil and gas companies are making investments in Industrial Internet-of-Things (IIoT), collecting terabytes of data per day but do not realize their potential value yet Digitization and IIoT benefits – Include real-time access to data coming from cameras, sensors or satellites, enabling faster and richer insights which can improve decision making, safety and production, preventing potential disasters, decreasing errors, and reducing losses as well as cybersecurity and agile development Measurable results – Claims IIoT implementation can increase profits by 11% and GDP by 8%
Accelerator	Big Data and Analytics, Internet-of-Things
Sector	Energy, Information Technology
Organization	Cisco Systems Inc.
Source	"What can the oil and gas industry teach us about the Industrial Internet of Things?," Quartz, http://qz.com/; AcceleratingBiz analysis
Original Publication Date	September 29, 2016

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