To some, the Industrial Internet of Things (IIoT) is just a new buzzword—but to the process industries, the IIoT is becoming a necessity to maintain competitiveness. Oil and gas companies, refineries, and other process industries are trying to cope with various market forces, many of which require improved plant performance.
The 650 major refineries globally are especially affected. Some of these plants are operating at peak performance, but many are not, causing a significant financial impact. Our calculations show …..