Artificial Intelligence in Oil and Gas: Applications, Impact & Benefits -

The potential of Artificial Intelligence is already being discovered by many industries, including the Oil and Gas, which is investing majorly in Artificial Intelligence and other data technologies with a goal to secure their future competitiveness in a fast-changing environment. Oil is one of the most precious commodities in the energy sector. With the rise in the oil prices and depleting crude oil levels globally, organizations involved in the oil and gas industry are now turning towards modern technologies, specifically Artificial Intelligence, to maximize and optimize their efficiency and revenues. Companies involved in the oil and gas industry leverage AI to drill and mine raw hydrocarbons and other products required to produce fuel. AI helps these companies by developing algorithms that provide accurate and precise intelligence to guide drills on water and land.