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In recent years, the oil and gas industry has placed significant emphasis on digital transformation. For most early adopters, this journey began with real-time monitoring and remote operation of equipment. This has been followed by the increasing application of modern data science techniques in order to extract actionable insight from the growing volumes of data. The emergence of highly scalable data storage and compute power has provided a step change in the ability to derive actionable insights from data and perform simulations at a scale previously inaccessible. What we derive from this combination allows us to deliver new levels of performance and efficiency. But, in addition to these now well recognized elements of the digital transformation, there is a need to evolve our industry hardware through the application of enhanced edge computing and the application of intelligence at the edge.
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This article originally appeared in the October 2020 issue of Journal of Petroleum Technology