The arrival of new technologies like artificial intelligence (AI) and machine learning (ML) is transforming the way industries have been operated from decades. AI is Disrupting the Oil and Gas Industry at large.
These technologies are bringing revolutionary transformations that are impacting industries at large. The oil and gas industry faces a lot of challenges in its operational processes like unconnected environment, frequent machine downtime and maintenance issues for its truck engines, etc. In comparison to other sectors, O&G has invested less in incorporating AI/ML technologies in its processes. But since these technologies are helping companies to cut on operational costs and enhance efficiencies, the oil and gas industry is now ready to adopt these technologies.
Oil and gas companies get a huge amount of data from sensors and machines, but they are not able to take full advantage of it. AI application in oil and gas analyzes the historical data and provides more accurate predictions for future outcomes.
For further reading
- @AI News: AI machine learning the next transformation for Oil & Gas
- @AI News: Learning from humans what is inverse Reinforcement Learning