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“Every oil producing well can benefit from technology-based optimization but, up until the development Ambyint, not every well could warrant the significant cost barriers to entry. Sensors also continuously monitor for indications of component wear in order to preempt equipment failure and mitigate or, at the very least, minimize downtime. In real-time, motor-mounted control mechanisms carry out autonomous, micro adjustments to the pump stroke in order to maintain maximum efficiency and production. Gathered information from discreet, well-mounted sensors is wirelessly transmitted from the source and analyzed by the proprietary Ambyint Analytical Engine.

This out-of-box solution can be self-installed, by operators, on any oil producing well (Sucker Rod, ESP or PCP) and managed remotely with a mobile application. The Ambyint Intelligence Platform was officially launched on August 1st, 2015.

While the IoT is frequently associated with consumer wearables, the B2B space has possibly even more potential in creating bankable use cases for connected devices combined with business intelligence solutions. This month I’ve reviewed and selected 10 companies demonstrating innovation within the B2B sector of the IoT. Last month I covered 10 companies innovating within the consumer Internet of Things (IoT) space.