Technology makes human lives better since we have more access to information and services that enables us to live longer, healthier lives. In the fossil fuel industry, The Washington Post states a not-so-new concept known as the Internet of Things (IoT) along with mobile technology is having an impact by helping employees and the companies they work for more efficient.
This, in turn, reduces industrial accidents and enables the extraction of oil and gas much easier in which this trend has been spurned by prices of sensors dropping due to manufacturers making so many. Below is a segment from a CNBC program that explains how the IoT is revolutionizing the oil and gas industry.
Usage of these technologies not only help fossil fuel companies become more efficient, but can also reduce carbon dioxide emissions, the cost of energy products overall while boosting profits that helps create jobs and boosts wealth.