How to build a smarter operation using tank monitoring IoT technology

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How to build a smarter operation using tank monitoring IoT technology
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How IoT affects the tank monitoring industry
The real value of IoT tank monitoring

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As uncertainty in the global oil and gas industry ensues, businesses are looking above and beyond merely managing assets and are now focusing on integrating data across their entire value chain, developing advanced workflow solutions to predict market shifts, reduce costs, and create new revenue streams, says Anton Albrand, vice president, SkyBitz Tank Monitoring.
According to Berg Insight, the global installed base of active remote tank monitoring units reached almost 1.8 million by the end of 2017.
These are staggering numbers that will surely prove profitable for leaders that capitalise on the value of IoT tank monitoring solutions across their entire operation.
Today, the Internet of Things (IoT) means pairing sensors with communications systems and data analytics capabilities to provide different areas of business with valuable insight that help eliminate ineffective business processes.
At relatively low costs, wireless tank monitors are easy to install sensor-based devices that are dropped into a tank to measure the level, temperature and pressure of the product in the tank.
Since the tank monitor operates in remote locations, the battery is designed to transmit data periodically over many years without the need for a replacement.
Alerts and notifications are established based on business rules which directly correspond to specific tank levels, giving customers the ability to proactively plan and manage different functions including operations, sales, management, finance, customer service, and maintenance.
How IoT affects the tank monitoring industry
Plus, removing the need for field workers to climb on top of tanks to check levels is a considerable cost and safety benefit of IoT tank monitoring.
The real value of IoT tank monitoring
The next level of value comes when each business unit analyses and applies the data from these remote assets and other integrated 3rd party systems

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