AI to revolutionise industrial internet in oil and gas markets

According to a GlobalData report, artificial intelligence (AI) and digital twin technologies are accelerating the transformation of the industrial internet of things (IIoT) in the oil and gas industry. These technologies are being widely adopted across upstream, midstream, and downstream operations to enable real-time monitoring, predictive maintenance, autonomous operations, and improved efficiency in response to market volatility and ESG pressures.

The report highlights that the global IIoT market is projected to reach $552.7 billion by 2029, with the energy sector contributing around $79 billion. AI-driven analytics, cloud platforms, and digital twins are becoming essential tools for optimizing production, enhancing supply chain visibility, and improving operational safety, particularly in remote and complex environments. Overall, IIoT is reshaping the energy industry by enabling smarter, data-driven decision-making and more resilient industrial operations.