Refinery monitoring
IoT helps monitor things like pipe pressure, flow rate, among other performance parameters. A lot of measurement and data is required regarding every component of the refinery. This is time-consuming and costs the company a lot if done manually. Some areas need precise measurements in real-time. For example, a certain valve may need to be controlled based on the flow-rate monitored at some other place. In such a case, a change in the flow rate would require an instantaneous control of the valve. The IoT allows for more data collection accurately at places can’t be accessed by human resources. Sensors can be placed at various points that are hard to access by employees and can provide more data. This helps for the round-the-clock monitoring of the refinery. The oil and gas companies can improve their production by 6% to 8% with proper utilization of data.