Machine Learning: Can AI change Oil and Gas?

There is a lot of buzz around Machine Learning (the most implemented type of Artificial Intelligence) these days and its applications. The RigBasket technology team thought of offering a quick explanation of what it means and how it could help your business. To begin, let's answer whether machine learning really works. In order for us to understand how Machine Learning can help solve inventory management problems, we first need to understand what it is and how it works. To most people, Machine Learning is a black box where you throw something in, some advanced calculations are made and the computer predicts the outcome or the future.