How Process Industries Can Catch Up in AI

Mining, oil and gas, and chemical manufacturing companies haven't yet started to exploit AI, but they can close the gap by applying lessons from other industries. Artificial Intelligence (AI) solutions have established a strong record of unlocking value across a range of sectors, but continuous process industries such as mining, oil and gas production, and chemical manufacturing have been slower to embrace the technology. The good news is that the relative lack of adoption means AI still offers significant untapped value--if companies take the steps necessary to implement it. By applying the lessons that have worked in other heavy industries, companies can generate gains of 15% or more in efficiency, throughput, reduced waste, and other metrics. Based on our experience working with several process-industry clients, capturing value through AI requires a three-part solution: collecting the right data, making that data available and accessible, and revamping the company culture to embrace new ways of working.