AI's contributions in oil, gas to hit $2.85b by 2020

The UAE Minister of State for Artificial Intelligence Omar Sultan Al Olama said technologies are reshaping the energy scene globally. "Technology is going to change the impact of output and return in the energy scene globally. The factors are data, artificial intelligence and Internet of Things to name a few as well as block chain and other emerging technologies," Al Olama said at Adipec. "Through Artificial Intelligence, all sectors are changing. Any process that is algorithmic is being disrupted by this technology. And this disruption is retuning higher yields, increasing efficiency and improving safety and security. We can use data to drive faster and accurate decisions."