From the manpower efforts to the digital technologies, Internet of Things (IoT) has changed the way we interact with the world around us and has brought new opportunities from every adverse situation and outlined new risks to the most of the areas of our lives. With the inclusion of IoT in the Oil and Gas Industry, the embedded sensors capture the production of oil in real-time. The right automation of data communication systems enables the collection of the real-time data from different assets and hence real-time decisions (Business Intelligence) are taken.