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Digital transformation

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The drilling industry has always been known for having big iron – from drawworks to iron roughnecks, from top drives to blowout preventers. But in today’s digital oilfield, it’s no longer hardware that’s driving the biggest changes at the rig site. Rather, game-changing technologies on the horizon are now almost entirely digital. Predictive analytics, the Internet of things (IoT), machine learning and artificial intelligence are not just buzzwords. They refer to real technologies that are increasingly being adopted into the drilling industry to improve efficiency and reduce costs....

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