adding-artificial-intelligence-to-energy-production

Artificial intelligence (AI) might soon become one of the biggest competitive differentiators for these businesses. Within the oil and gas industry, AI and machine learning are already being used for processing high volume data and to achieve operational efficiency, said Arunkumar Ranganathan, associate vice president and head of the domain and process consulting groups for energy, utilities, and services at technology consulting firm Infosys. "AI techniques are yet to be applied [for] interpreting geophysical and geological functions and in other core business functions," Ranganathan said. For example, AI is being used to optimize the drilling process and improve operational efficiency, leading to a reduction in drilling costs.