The Internet of Things may be invisible to those who use it, but its impact looms large. Globally, the market size of IoT in the energy industry is projected to reach $357.4 billion by 2028, and according to Inmarsat , 74 percent of oil and gas companies have implemented some type of IoT technology. “IoT convergence within operations is becoming more important,” John Villali, a research director at IDC Energy Insights, told BizTech last year . “Utilities are realizing this and moving forward in that direction.” Here is how IoT can be used in E&U sector — both now and in the future — to boost operations, lower costs and achieve sustainability goals. Click the banner to learn what tech trends energy and utility leaders are prioritizing now. How the Energy Sector Embraces IoT Technology E&U was already exploring IoT before COVID-19 appeared in March 2020, but it received a crash course in the technology’s possibilities after that global turning point. As the human workforce was stripped to its essentials, IoT sensors allowed for remote surveillance, monitoring, and control, allowing operations to continue. One of the biggest boons of IoT technology is how it increases efficiency. On a physical […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
