A common complaint in the Oil and Gas industry is that there is “too much of data and there is not enough information”. Leading Oil and Gas companies are now recognizing that valuable information is available yet remains untapped. The volume of data has been ever increasing. Concepts of digital oil field, new technologies and ubiquitous availability of broadband have added to the volume, variety and velocity of data.
As volatile oil prices prompt the search for additional savings, more companies are looking to manage their logistics and business travel as a single process through a single provider. A streamlined process allows for easier reporting, both for internal tracking purposes and for reporting activity based on local regulations, a tricky task when managing crew rotations in manual spreadsheets.
Technology advancement in its latest lap of progress has presented before us, an able contender in the form of wearable devices. Wearable devices includes a gamut of devices that can be worn as a clothing / accessory, and have an amount of processing power, storage and logic. While some of these devices like the activity trackers have already made inroads into the consumer market, many are still in the conceptual and prototyping phase.
A combination of changing industry regulations, razor thin margins and tough competition is forcing many airline cargo enterprises to reengineer their existing business practices.With the advent of mobile applications and the increasingly favorable disposition of customers towards mobile technology, and due to the increasing availability and ease of performing software upgrades, mobile devices seem to be the most likely candidate to drive inevitable change.