DELIVERING CLOSED-LOOP BUSINESS OPERATIONS FOR THE REFINERY ENTERPRISE.

The article discusses the Industrial Internet of Things (IIoT), its important role in the operation of refineries, and its basic principle of a closed-loop process which is connect, collect, analyze and act. It discusses an increase in its trend in oil and gas industry, reasons behind it, their investment in IoT, and its use in this industries to make smarter decisions, improve business goal, enables workers with real-time visibility, and provides situational awareness.