Energy industry prepares for arrival of the Internet of Things

The Internet of Things (IoT) has industries bracing for how the technology will affect their day-to-day operations. For the oil and gas industry, the potential of connected devices and the data they provide could potentially significantly improve operational efficiency and worker safety, but the technology also requires proper risk management policies be put in place. 

To see how energy organizations are preparing for the technology, Serhii Konovalov, who leads Cisco's O&G Global Industry Solutions Practice and O&G Innovations, recently spoke with Rigzone, an industry news source.

Konovalov argues that to make optimum use of the IoT, organizations will first need to research their own processes and see where increased monitoring could potentially reduce costs or improve safety. "Many firms believe that if they first focus on change management, the tools they use to facilitate operations, including technology, will fall into place," the Rigzone article read. 

Organizational change management is a complex and highly involved process, especially for large energy organizations, which may have holdings and employees spread over considerable distances. Oil and gas strategy consulting can help ensure that the transition to new processes and technology goes smoothly, and that the organization uses its resources during and after the change as efficiently as possible. 

Successful and rapid  adoption of IoT technology could give an organization a significant competitive advantage. As experienced workers become more difficult to find, the IoT can augment the loss of knowledge and experience by making information about safety and best practices readily available to new workers. 

Oil and gas organizations can become better prepared for the arrival of this technology by retaining change management consulting. By involving technology strategy into operational efficiency and safety strategies, organization can not only lower the risk of accidents, they can also benefit from a wider and more streamlined view of operational processes.