63% Of Executives Say AI Leads To Increased Revenues And 44% Report Reduced Costs

AI is helping Royal Dutch Shell locate new oil and gas sources. One of the company's 280 AI projects is aimed at helping the company find new sources of oil and gas by cleaning up data from seismic surveys, which are used to create images of rock formations that in turn help scientists locate oil deposits below the ocean floor. The problem, historically, has been that these surveys don't paint a clear picture of what rock formations look like. Underwater currents and other factors produce noisy data that affects the images. Shell created machine-learning algorithms, based on images the company has cleaned, to filter out that noise.