The industrial digitalization and automation has been a trending subject in modern industries worldwide. The implementation of Industry 4.0 technologies has shifted traditional businesses into smarter ones by the applications of Artificial Intelligence (AI), Machine Learning (ML), and Internet of Things (IoT) solutions. The outcome of these applications is a more sustainable approach towards processes and operations in terms of having comprehensive benefits from the data collected. This paper discusses the implementation of an IoT data management system on modern drilling rigs with the focus of having an added benefit from the real-time data coming from the sensors mounted on the rig equipment.