Computer Vision and Deep Learning for Oil and Gas - PyImageSearch

Despite the widespread diffusion of renewable energy, oil and gas are among the highly valued commodities in the energy sector. However, commodity cycles, capital planning challenges, and increasing operational risk have propelled the oil and gas industry to make more intelligent and efficient decisions. In a 2018 Ernst & Young (EY) survey, Artificial Intelligence (AI)/Machine Learning (ML) didn't even rank in the top five technologies used by seven global oil and gas supermajors (Figure 1). Further, they feel that in the coming years, technologies like robotic process automation (RPA) (25%) and advanced analytics (25%), but not AI/ML, will have the most significant and positive effect on their businesses. AI/ML have enormous potential in the oil and gas industry, and by not considering it, leaders in the sector risk being blindsided. It can help reduce costs, add capacity and capability, speed decision-making, and improve quality while managing risk.