Evaluation Of The Efficacy Of Iot Deployment On Petro-Retail Operations
Main Article Content
Abstract
After the Internet revolution, Internet of Things (IoT) is expected to be the next big technological change, connecting equipment as well as everyday objects to help businesses explore new ways of creating and delivering value. In the Oil & Gas industry context, IoT has been deployed extensively in the upstream sector and also to some extent in the mid-stream sector. However, it’s implementation in the downstream (retail) sector has been limited. This paper explores the applicability and impact of deploying an IoT solution at a fuel retail outlet. In our experiment, a live outlet was chosen in Kolkata, where a limited IoT solution was deployed, for a period of 3 months. Our research shows that IoT implementation can yield significant operational benefits by reducing the response times, leading to increased operational uptime and hence sales. It can also help improve the root cause analysis process by providing increased data to identify the issue(s).
Downloads
Metrics
Article Details
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.