How to reduce High Operational Costs with IoT solutions in Oil and Gas industry ?

The oil and gas industry is a massive part of our global economy, powering everything from cars to factories. But let’s be honest, it’s got its fair share of headaches. High operational costs, inefficiencies, and safety issues are just a few of the major problems. Did you know that energy costs make up about 15% of total production expenses in this industry? That’s huge! And here’s a fun fact: recent studies show that by optimizing energy use, upstream operators could save up to 20%. That’s a whopping $10 billion in cost reductions per year for the upstream sector. So, it’s clear there’s a lot of room for improvement.

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Improving R&D Process Automation by Power Automate in Oil and Gas Industry

Improving R&D Process Automation by Power Automate in Oil and Gas Industry

The future of the oil and gas industry is increasingly moving towards a data-driven approach, with a strong emphasis on technology and automation. As technological advancements continue to evolve, the industry is leveraging data analytics, artificial intelligence, and machine learning to optimize operations, improve efficiency, and reduce costs. Automation is one of the key technologies that can digitally transform oil and gas industry operations.

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Efficiency of Power Automate in HR Process Automation in Oil and Gas Industry

HR is essential across all industries but is often burdened with time-consuming administrative tasks. About 73% of HR’s time is spent on these repetitive tasks. Power Automate by Microsoft is a tool designed to help with this. It automates tasks and connects different software, making HR work more smoothly. In this article, we’ll see how Power Automate can make HR tasks easier in the oil and gas industry, making operations more efficient and freeing up time for strategic initiatives.

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