The Future Of Artificial Intelligence In Oil & Gas OilPrice.com

After a slow start, the oil and gas industry seems to be eager to adopt all sorts of digital technology as they help companies keep costs lower while boosting efficiency. Artificial intelligence is being flaunted as the answer to all problems or, at least, a better answer to many problems than older approaches. First of all, it needs to be said that a lot of the people who talk about AI enthusiastically do not mean artificial intelligence literally, as in an autonomous system capable of making decisions on its own. What they most commonly mean is predictive and analytic algorithms, and the process that allows for the deployment in a huge variety of tasks in the upstream industry: machine learning. While the hype is considerable, it's not all without merit.