By 2024, it is anticipated that the AR and VR markets will grow by a factor of 10, reaching a value of $300 billion. As a result, both technologies will find increased acceptance in the Oil and gas industry. Here are the probable implications of increased VR/AR adoption in the oil and gas industry.
Industry experts are eagerly observing how the oil and gas industry evolves technologically. The year 2022 has been quite remarkable in terms of technology integration.
READ MORE: E.U. and U.S. Announces Agreement Regarding Technological Advancement in Agritech
Besides AR/VR, automation, blockchain, and artificial intelligence are technologies that will reshape the industry.
Enterprises across the oil and gas industry will likely leverage AR/VR to enhance maintenance. For instance, AR headsets enable relevant tools, parts, and hands-free instruction steps. If we go by the traditional or long-standing ways, the need for reading lengthy manuals becomes apparent. With the help of AR/VR, long manuals are eliminated. Also, professionals have access to graphical and precise information.
READ MORE: The 2 -Year Tenure of Raj Iyer As the Army CIO to End
Maintenance of work location is possible remotely through these AR headsets through video access.
The hands-free instructions a technician needs to inspect or maintain a system can be projected onto equipment by AR headsets. In addition, precise AR animations significantly increase productivity while lowering mistakes and ambiguity.
Training is a crucial area where VR is used in the oil and gas industry. Trainees can utilize a VR headset to visit a setting or virtually engage with a piece of equipment.