Oil & Gas Start-Up Tracker: Futuristic Technologies Present Growth Opportunities
Dynamic companies driving innovation in artificial intelligence, machine learning, analytics, Internet of Things, and digitalization
Research Overview
Technological and digital trends are transforming the oil and gas industry. Main players commonly choose operational technologies (OTs) to carry out the automation of their oil and gas processes; however, newer technologies, such as AI, IoT, and robotics are starting to gain more relevance in the industry.
Oil and gas companies adopted automation technologies for their upstream activities, especially for offshore sites. The most common technologies include sensors, transmitters, and controllers, with SCADA systems, PLCs, and DCSs being the most common automation applications.
Several digitalization trends influenced the oil and gas automation market during the past few years. However, pressing concerns emerged in the oil and gas industry, such as its need to increase safety in the workplace and boost efficiency to recover from the pandemic’s consequences.
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