It is no secret that oil drilling and pumping is a financially demanding process but it is even more so when it is a question of oil sands. They not only require a substantially larger amount of water and energy in the drilling stage but the extracted oil then needs to be either upgraded to a different oil type or diluted.
As exciting as solar energy and cells are, they are still facing two major complications before they can produce sufficient or even abundant power.
The term “energy internet” (EI) is relatively new today. It hasn’t been used on a large scale quite yet and is nearly totally unknown to the average consumer.
Perhaps one of the last of the natural resource industries to adapt IT and subsequently IoT is the mining industry. Two of the industry’s largest companies, BHP Billiton and Rio Tinto, are now showing commitment to this new integration of technology, e.g. automation, into their business model...
The one major factor holding back IoT is security concerns and standards that come in the wake of it. As devices become smarter and have more conformable ability to connect, their firewall systems aren’t always up to date and cyber attacks are a reality of the modern society.
Although oil and gas drilling sites have spread all over the world, from Saudi-Arabia to Canada and Russia, the industry can still be reluctant to set up new operations.
Thousands of years ago, when early humans felt cold they would burn wood to warm themselves, the heat creation process was a ground breaking discovery back then.
IoT can be broken down into many smaller sections – oil, energy, food, money, you name it – and Dashboard keenly monitors the development of these areas as well as general trends.
Conventionally cloud databases are used for storing media files, large chunks of text and various analysed pieces of data, which require nearly limitless storage.
Amongst the countless innovations in the field of energy production over the last few years, Virtual Power Stations are perhaps the most connective.