Realizing the power of smart equipment

Managing IoT risk in oil & gas innovation

Seeking competitive advantage through deeper data insights and greater connectivity, oil & gas companies are embedding sensors and other advanced instruments into an array of industrial equipment and connecting that machinery online.

These smart machines—some of the billions of connected devices that make up the Internet of Things (IoT)—enable smarter, leaner oil & gas operations. They help improve performance in a wide variety of areas, from production and exploration to sales and service. 

Given the complexity of the IoT ecosystem, how should oil & gas companies maintain oversight, transparency and accountability of connected devices to unlock their true potential?

The paper shares insights on:

  • The business benefits of smart machines for oil & gas companies
  • The potential risks of connecting equipment and machinery online
  • KPMG’s approach to managing IoT risk in the oil & gas industry