Oil and gas companies pin hopes on artificial intelligence

Oil and gas companies pin hopes on artificial intelligence

With oil and gas prices hovering at decade lows, companies are turning to artificial intelligence to cut costs and boost productivity.The technology, which gives companies the ability to predict future problems, is estimated to save the industry trillions of dollars and lead to a new wave of highly sophisticated jobs.GE Oil and Gas is at the forefront of the shift, using artificial intelligence software to help producers become more efficient.The company’s regional director, Mary Hackett, said the recent downturn in prices was driving interest in the technology.”We now need to rather than add to production, we need to make production more efficient and it’s that that will change this industry,” she said.”We know the industrial internet quite simply is the future of efficiency and productivity in the oil and gas…


Link to Full Article: Oil and gas companies pin hopes on artificial intelligence