The oil and gas industry continues to be a hotbed of innovation, with activity driven by the need for more efficient production, improved safety and long-term sustainability. Digital technologies are playing a transformative role in meeting these objectives and this is characterised by the growing importance of technologies such as artificial intelligence (AI), cloud computing, internet of things, and robotics. In the last three years alone, there have been over 534,000 patents filed and granted in the oil & gas industry, according to GlobalData’s report on Internet of Things in Oil & Gas: Remote controlled surveillance.
According to GlobalData’s Technology Foresights, which uses over 256,000 patents to analyse innovation intensity for the oil & gas industry, there are 40+ innovation areas that will shape the future.
Remote-controlled surveillance is a key innovation area in Internet of Things
Remote monitored video surveillance, sometimes referred to as network video surveillance, is a term used to describe the technology for monitoring a physical location from another location. This can be done by transmitting audio and video feeds from one or more fixed location cameras to a single central console. The network video surveillance setup is essentially an extension of the internet of things deployment and can also include sensors, such as temperature sensors and gas detectors, in addition to audio and video feeds. Apart from using stationary sensors, aerial drones laden with cameras and other sensors can also be used for remote-controlled surveillance.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 10+ companies, spanning technology vendors, established oil & gas companies, and up-and-coming start-ups engaged in the development and application of remote-controlled surveillance.
Key players in remote-controlled surveillance – a disruptive innovation in the oil & gas industry
‘Application diversity’ measures the number of different applications identified for each relevant patent and broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of different countries each relevant patent is registered in and reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Leaders in remote-controlled surveillance include General Electric and Honeywell . Companies in this segment offer instruments and software for remote surveillance or may offer surveillance as a service for industrial requirements.
General Electric offers remote surveillance solution to industry players along with monitoring and control functions.
Honeywell ’s product portfolio includes visual as well as thermal cameras that can be deployed in industrial settings for remote-controlled surveillance.
To further understand how Internet of Things is disrupting the oil & gas industry, access GlobalData’s latest thematic research report on Internet of Things in Oil & Gas (2021).