If the term “rip and replace” is relatively new, the concept itself is far from it. Mostly, rip and replace cases happen in IT and general technology, where old and outdated systems are completely disposed of – “ripped” – and fully replaced with new ones.
Admittedly, Oil & Gas is an industry that predominantly favours big companies and they often have an advantage in the market over smaller organisations.
One of the biggest worldwide problems of the 21st century is waste and its efficient management. Preventing big landfills is in the common interest of everyone, as they are not a sustainable nor an economically feasible arrangement.
As one of the biggest industries, retail has been a driving force behind many technologies. In the 1970s, it brought to life barcodes and scanners, which have since been adapted in advertising; airplanes; smart apps; and automated stock refill in every sector.
Both independent and company and/or government-supported research facilities have previously been an important factor in pushing along major changes, discovering advances, and creating growth in many industries.
One of the key reasons why wind energy is dragging behind solar panels in popularity is cost. Despite countless efforts to bring down the expenses, manufacturing turbines continues to be a high-cost activity and extracted energy isn’t guaranteed.
If you think of IoT the same way you think of mobile services, in simplistic terms they are very similar: they provide a connection, require software, and operate through a network.
Within the last few years, different stimulation techniques have become the reigning trend in Oil & Gas: water injection/fracking, matrix acidising and steam drive, to name a few, are today’s hot topics, with each production company looking to maximise how much their wells give.
As much as researchers, companies and third parties invent, innovate and study renewable energy and the multiple opportunities it provides, it has, at least so far, always come second to traditional fossil fuels.
Dashboard begins the WindTwin project in collaboration with some of the UK’s top technology companies.