Abstract
Many companies are now workingto converge business models and engineering processes with the technologies of the fourth industrial revolution. The automation of industrial processes together with the implementationof infrastructure,makes it possible to interconnect people and performance indicators in real-time, reducing the decision-making time and time in themarketplace. This provides companies with unprecedented opportunities to create and capture value while rethinking business models but brings vulnerabilities and risks that must be properly assessed and mitigated. New malicious third parties are emerging and directly threaten the efforts of companies. The purpose of this article is to enumerate the possible attackers (vectors) and to define the possible areas where they can attack companies (surfaces), illustratingwith the example of drilling operations in the oil and gas industry, in order to provide discussion points about what new competencies technicians need to developto face these emerging threats.
Highlights
The Fourth Industrial Revolution (4IR) is characterized by the fusion of the digital, biological, and physical worlds [1], which represents new ways of technology that are coming intothe service of societies
- Results: The development of more result-oriented business models, e.g.,new partnerships and entries into the retail, banking, and consumer goods markets, will allow such outcomes to be achieved in transportation and heating, notjust infuelinputs
The same questions and concerns are recurring in forums and discussions in the oil and gas (O&G) industry, as potentials of digital integration applications in operations are identified
Summary
The Fourth Industrial Revolution (4IR) is characterized by the fusion of the digital, biological, and physical worlds [1], which represents new ways of technology that are coming intothe service of societies. The 4IR is characterized by emerging technological advances and solutions in several fields [2], including but not limited to robotics, artificial intelligence, nanotechnology, quantum computing, the Internet of Things (IoT), 3D printing, and autonomous vehicles to name a few. Astrategy of people and technology integration processes will allow oil and gas (O&G) companies to break out of traditional energy demand and price curves and capture new value in three main areas:. - Diversity: The modularity of the network will facilitate the application of existing skills in a more diverse energy portfolio, for example, the application of offshore production capabilities to offshore mining
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
