ADVERTISEMENT

The Power of the Industrial Internet: Turning Data Into Insight and Action

Source: Getty Images.

Over the past 200 years, since the days of the Industrial Revolution, we have experienced several waves of innovation, which have had a profound effect on our everyday lives. Today, across the oil and gas industry, we are on the cusp of a new transformative era, with the potential to radically change the way we do business and interact not just with the physical world, but also with the world of analytics.

In the latter part of the 18th and early part of the 19th centuries, the Industrial Revolution represented the first wave of advancement, with innovation and technology primarily applied to agriculture, manufacturing, and energy production. It delivered a period of unprecedented growth and changed people’s lives significantly.

The second wave took place at the end of the 20th century, at a much faster rate—over a period of approximately 50 years—and was characterized by the emergence of the Internet. With fewer than 300 computers connected in 1981, that earliest manifestation is unrecognizable to today’s, where connectivity is almost ubiquitous and the Internet is responsible for providing billions of people with instant access to massive amounts of information, changing the way we shop, socialize, and execute much of our business.

...
This article is reserved for SPE members and JPT subscribers.
If you would like to continue reading,
please Sign In, JOIN SPE or Subscribe to JPT

The Power of the Industrial Internet: Turning Data Into Insight and Action

Paul White, Director of Subsea Technology, GE Oil & Gas Subsea Systems

01 November 2014

Volume: 66 | Issue: 11

STAY CONNECTED

Don't miss out on the latest technology delivered to your email weekly.  Sign up for the JPT newsletter.  If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.

 

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT