Need of ICT for Sustainable Development in Petroleum Industry

With increasing number of consumers, the issue of maintaining an ecological balance between consumers and resources has taken hours of discussions. A number of solutions for each sector have been proposed now and then. But, keeping a large number of factors in mind makes it a laborious task to accomplish. Thus, when we talk about sustainable development, the role of ICT becomes important. In one respect it supports innovation and efficiency of strategies and layouts; it does a remarkable work on grounds of economic growth and increased productivity. ICT tools do icing on cake with their powerful aim to support sustainable development with simplification, standardisation and giving a wonderful walkthrough of the whole life cycle of development of a product in an impressive computerised manner; wherein, ICT proves to be positively changing the meaning of provided services and the way they are produced and consumed.