oil-gas-industry

As the oil prices have been falling since June 2014 and worldwide oil production is outpacing demand there emerges an immediate need to transform for oil producing companies. In a recent study conducted by Cisco it revealed a $50 bn oil and gas (O&G) firm can increase profit by 11 % if they enhance IoE adoption. It said adopting digital technologies Internet of Everything (IoE powered can generate $600 bn.