Oil & Gas Companies Continue to Invest in New Technology

oil workers with machinery large refinery in backgroundPlummeting crude oil prices have hammered oil and gas companies, but many of these firms are still making sizable investments in digital technologies according to a recent survey released by Accenture and Microsoft.

The “Oil and Gas Digital and Technology Trends Survey 2015,” conducted by PennEnergy Research, found that 32 percent of respondents plan to invest the same amount of their budgets in digital technologies, while another 25 percent plan to invest more or significantly more in those technologies. In the next three to five years, 80 percent of companies will invest the same amount, more or significantly more in digital technologies.

What are they investing in? Mobility, infrastructure, and collaboration technologies are the largest areas where they are placing their tech dollars presently. More importantly, in the next three to five years, they plan to deploy big data and industrial Internet of Things (IoT) technology, as well as automation systems. Continue reading

End of Life Notification for Sky ID and Pico XL RFID Tags

Effective immediately, Xerafy is ending production of its Sky ID and Pico XL RFID tags.

Sky ID and Pico XL will no longer be available for order. However, the original one-year warranty and return policy for Sky ID and Pico XL bought before this notice will remain in effect.

Xerafy appreciates your business and stands ready to work with you to minimize any inconvenience this may cause you. If you have questions, or would like advice other RFID tag options, contact your Xerafy sales representative to review the broad range of RFID tags available.

For more information, please contact sales@xerafy.com.

Healthcare IoT

healthcare-Internet-of-things-e1426259707221A recent survey conducted by Strategy Analytics found that healthcare providers are among the earliest adopters of Internet of Things (IoT) infrastructure and applications — that’s not surprising to us at Xerafy, since we’ve been working with early adopters to bring visibility and connectivity to surgical instruments and other medical equipment.

Of course, the IoT is big news everywhere. That same survey found that 30% of businesses across 45 vertical markets were already leveraging limited IoT deployments, while another 32% planned to deploy the IoT, and 42% were studying the costs and impact of the technology.

In healthcare, however, the advent of the IoT has occurred in conjunction with wider deployment of electronic medical records (EMRs) and deployment of telemedicine technology that relies heavily on the type of remote data collection and monitoring the IoT enables. MarketResearch.com expects this convergence to help fuel growth to nearly $117 billion in revenue by 2020 for IoT in the healthcare sector. Continue reading

How Big Data is Changing the Way Business is Run

bigdata-feature-537x350Over the past decade, RFID has grown from a wireless identifier (viewed as a bar code replacement), to a technology that is increasingly tasked with performing more and more functions – such as storing inspection and maintenance information, communicating sensor data, enabling machine-to-machine interactions and more.

RFID is a key part of the multitude of connected nodes now generating data – data that needs to be collected, stored, analyzed and converted into useful business intelligence. Big Data analytics capabilities provide the tools businesses need to manage that data. This combination of remote, cloud-based connectivity, RFID and Big Data are changing the way business works.

Businesses can use algorithms to find actionable information in this mass of data generated by business transactions, sensor information and tagged goods in the field and across the supply chain. This allows companies to respond to subtle changes in operations much faster, whether those are fluctuations in demand or changes in the way assets or equipment are performing in the field. Continue reading

The Internet of Things for Oil & Gas

1390028_meitu_1The Internet of Things (IoT) is the single biggest trend affecting every company. Effectively, all businesses are becoming data businesses and no one wants to be left behind.

Leading oil and gas (O&G) companies are already investing billions of dollars in IoT and realizing the benefits of efficient predictive maintenance, increased asset utilization and reduced cost of compliance. The digitization, sensors, and connectivity lead to the generation of large volumes of data; and by analyzing and correlating this data, O&G companies are now able to explore predictive analytics, make real-time decisions and implement continuous refinements like never before.

In our previous blog, “The Power of One Percent”, the oil and gas industry would save $90 billion over the next 15 years if it could reduce its capital expenditures by just one percent through the digitalization of automation. These figures come courtesy of research by GE, which strongly believes in the “power of 1 percent” concept and that savings are attainable if companies embrace the “Industrial Internet.” Continue reading