The unlimited data storage capabilities provided by cloud technology will reshape the functionalities of the oil and gas industry.
Currently, 2.5 quintillion bytes of data are injected daily into the computational atmosphere. This statistic has reached the stratospheric level with the rise in the internet of things (IoT) devices. With the huge influx of data forcing hardware storage extension and decreasing functional area, the day is not far enough when the industry will run out of physical space. Thus, the evolution of conventional storage hardware has become necessary in the present world.
Akin to every other industry, the oil and gas sector also faces a spatial crisis in storing such information. However, with the rise of cloud computing, oil and gas enterprises have obtained an unlimited data storage platform.
Sensors in the Oilfields
Monitoring sensor is becoming largely famous in the oilfields sector. The sensor supports the management teams in detecting and identifying any supply chain fatalities, which further helps them plan work procedures. Tracking equipment ties the supply chain with field workers, managers, and specialists.
The sensor increases the workflow process's effectiveness by connecting the gap between mechanics and logistics. Data gathered from the embedded sensor offers expert insights for analysis. Moreover, information about which enterprises have deployed what systems in their oilfields can help the companies to draft future developments.
As big data analytics shows its mark in the oilfields sector, information collection needs to scale up rapidly. Cloud storage offers an internet data-saving platform, which makes the accumulation of unlimited data possible. Furthermore, with cloud technology, data growth will induce no effect on a company's assets, further eliminating the cost of maintenance and increasing profit margin.
Why is Cloud a Perfect Choice?
Although cloud technology has proved worth in every field, some enterprises still defy the cloud due to security concerns and data ownership issues. Still, the cloud is more secure than the traditional WiFi connections, as the integration of could technology only creates a limited number of access points while lowering the risk of cyberattacks. Furthermore, cloud computing provides a perfect platform for big data, artificial intelligence (AI), and IoT without compromising oilfield mobility.
