The 4th Industrial revolution (Industry 4.0) provides and fuses many technologies to improve efficiencies and human productivity. A few examples of these technologies, include: Big Data, Predictive Analytics, Machine Learning, Artificial Intelligence, Internet of Things, High Performance Computing, Visualisation, Virtual Reality and Autonomous Robots.
Industry 4.0 is the current trend towards full automation and control. It is about better utilising edge data to increase the efficacy of a process. As such, it is very broadly applicable to all production and manufacturing industries and opportunities exist for lessons from otherwise very different industries to cross pollinate.
Some of the technologies and main principles of Industry 4.0 have already been or are in the process of being adopted in the oil and gas industry. This session will explore examples of where industry 4.0 can be applicable to the whole Oil and Gas lifecycle. Some examples of industry 4.0 in the oil and gas world are listed below however participants and delegates are encouraged to “think outside the box” and not be limited by these examples:
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