There has been much discussion through the years in many sectors of the economy around what the “Internet of Things” (IoT) can do to transform the way we work and live.  In brief, the IoT is about networking “things” like devices and even life-forms so that information may be collected from these things over time and form the basis for in-depth analysis and better decisions.

SCADA and other remote monitoring systems introduced a step change to the industry in the area of operational efficiency by providing a positive impact on run-time, production and reduced operating costs. However, with low commodity prices and lower producing wells, there is still a challenge for business cases to justify putting monitoring on all assets.