IoT solutions and possibilities for the Energy Business

There has never been a time when the pace of change was as accelerated as it is today in the energy industry. The entire landscape is shifting, from where the energy comes from to who is creating it, and where it needs to go.  To thrive in this competitive environment, oil and gas companies have to be more efficient. To be ready for tomorrow, they must be agile.

Leading companies are already moving towards digital business models that consolidate information silos and connect machines, assets and people across the business.

Using Allerin’s framework, your company can get there. Allerin provides a secure, scalable foundation that enables energy companies to connect easily with their ecosystems and tie production to demand with immediacy. With Allerin’s IoT solutions, utility grids can help enable reliable, efficient service. And oil and gas companies can keep products and profits flowing. The solution offered by Allerin ensures security, connectivity, and system visibility.

IoT Enabled – “The Connected Enterprise”

Here are some examples of goals and visions that can be realized by oil and gas companies using the power of IoT.

1. Ensuring that oil pipelines run smoothly
To achieve this objective, a number of smart sensors can be installed to relay data to a command centre using a control gateway, where this data can be pushed to trouble-shooters through digital dashboards. These sensors are capable of providing real-time information related to the equipment’s performance and health, such as pressure, temperature, flow rates and multitudes of other variables. This ensures that engineers have real-time data related to the status of various systems, can identify problems and alert personnel in the oil rig at a moment’s notice.

This IoT solution can effectively collect, integrate and organize sensor data from remote equipment located across global oil rigs to provide real-time insight, predictive analytics and preventive maintenance.

2. Ensuring a seamless supply chain
IoT enables modernization of equipment maintenance, asset transaction and supply chain management. The solution for includes predictive maintenance of equipment to ensure that the product that is being transferred can be monitored to validate if it is the right one, and coordinate immediate invoicing in an electronic form.

3. Smart delivery of fuel
Connecting large trucks that run on Liquid Natural Gas and cloud-enabling new pumps will lead to collection and storage of real-time data from hundreds of sensors. The collection and storage of real-time data from hundreds of sensors along with variable frequency drives and control systems allow each of the stakeholders across the supply chain to perform their function more efficiently.

Some benefits of IoT platform for energy companies are:

?    The ability to easily collect and manage data from people, sensors, connected assets and existing enterprise systems, along with external system information to accelerate the data gathering, reporting, and regulatory compliance.
?    The ability for organizations to rapidly build and bring to market innovative IoT applications to the market
?    Using the framework, organizations can utilize big data and analytics to gain new insights, along with recommendations which will help them drive better decisions and enable cost reductions, energy savings, and predictive maintenance
?    The framework will provide operators and managers role based access that will allow them to visualize easily data across the relevant network and also receive alert notifications which will also enable quick actions allowing companies to see an improved response to demand spikes.

IoT in the energy sector will allow organizations to monitor expensive equipment in the oil and gas supply chain network. They can use the generated data to improve efficiency and drive performance. IoT will also enable innovation and will allow the organizations to keep fuel flowing.

#future #Internetofthings