IoT a long-term driver

IBM, which has been using Woodside Petroleum to promote its Watson artificial intelligence technology, is among the top players leading the Internet of Things’ push into oil and gas as the industry faces lower-for-longer oil prices over the next decade, new research says.

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IBM Watson logo.

BIS Research says in a new report, titled Global IoT in Oil and Gas Market, that increased production in US shale oil, relatively low demand from China, the prospect of increased supply from Iran

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