The Internet Of Things In Oil And Gas Industry: A Multi Criteria Decision Making Brokerage Strategy

The advent of the Internet of Things (IoT) is changing the way to conceive distributed systems. Nowadays, we can talk about IoT and Cloud computing to indicate a new type of distributed system consisting of a set of smart objects which are interconnected through the Internet with a remote Cloud infrastructure, platform, or software.
IoT promises to achieve new benefits in several industrial businesses. Among these, the Oil and Gas (O&G) industries can achieve the greatest benefit by using the IoT as enabler of new sources of information.
In this paper, a simulation-based Multi Criteria Decision Making (MCDM) brokerage strategy is presented. The goal is to allow cooperative small-medium size IoT Cloud providers to satisfy the request for IoT-Cloud services, with a good compromise between service level and business for the O&G industries.