Companies will continue focus on technology to keep costs low while enhancing efficiency and safety, industry observers tell Rigzone. A possible oil price recovery in 2017 won’t change the oil and gas industry’s current focus on easily deployed technologies that reduce costs while boosting productivity and safety from existing assets, industry observers told Rigzone. Just as they did in 2016, companies will continue to invest in advanced analytics to get more value from their data. The convergence of operational and informational technology is allowing enabling technologies such as the Internet of Things (IoT) to become more affordable and helping companies do more with less, Hege Wroldson, director of the oil and gas center of excellence for global enterprise applications provider IFS, told Rigzone. In 2017, companies will focus on smart technology investments as supply and demand becomes more balanced after a long period of volatility. To ensure business continuity […]