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Oil and gas industry investment in digital technologies shows resilience despite oil price downturn

Zafirah Salim | April 27, 2015
Big data and Industrial Internet of Things are predicted to grow over the next three to five years, according to a recently released Microsoft and Accenture report.

"Mobility and other digital technologies are gaining traction as oil and gas players learn to use these technologies to make faster and better decisions from the field to the front office," added Craig Hodges, general manager of the Gulf Coast District at Microsoft. "Predictive capabilities to optimise maintenance and maximise production can create value, and digital technologies also support better use of scarce resources and talent, management of more complex work, cost reduction efforts and innovation to remain competitive and continue operating safely."

 

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