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Artificial intelligence will have huge impact for oil and gas, Microsoft executive says

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Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC) on Wednesday, Omar Saleh said technology disruptions over the past three years had been a "wake-up call" for all oil and gas firms.He said AI would be of "massive importance" over the next to five to 10 years, before adding that of any technology, AI would also have the most impact on the oil and gas sector overall.The U.S. shale revolution paved the way for a three-year oil price downturn that sent crude spiraling from more than $100 a barrel in 2014 to about $60 today. That has piled pressure on the oil-dependent economies of OPEC nations and forced a round of production cuts this year. On Tuesday, Baker Hughes GE CEO Lorenzo Simonelli said " " in the oil and gas industry should be viewed positively. Correction: This story has been updated to reflect that Omar Saleh believes AI will have the greatest technological impact on the oil and gas industry over the coming years. Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC) on Wednesday, Omar Saleh said technology disruptions over the past three years had been a "wake-up call" for all oil and gas firms.


Biggest risk to oil and gas is artificial intelligence, Microsoft executive says

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Artificial intelligence (AI) poses the greatest threat to the oil and gas industry over the next five to 10 years, according to Microsoft's oil and gas director for the Middle East and Africa. Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC) on Wednesday, Omar Saleh said technology disruptions over the past three years had been a "wake-up call" for all oil and gas firms. He said AI would be of "massive importance" to the industry over the coming years, but added that it would also pose the greatest risk to the oil and gas sector overall. The U.S. shale revolution paved the way for a three-year oil price downturn that sent crude spiraling from more than $100 a barrel in 2014 to about $60 today. That has piled pressure on the oil-dependent economies of OPEC nations and forced a round of production cuts this year.


What Is the Potential for AI in the Energy Industry?

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Artificial intelligence has the potential to transform a multitude of industries, including retail, small business accounting and even product design. The energy and utilities markets could be next. It's still early days in terms of adoption, but there are numerous use cases for AI in the energy and utilities industries. AI can be used to make smart electric grids more efficient in delivering energy, can predict when batteries and other equipment will fail and can also help make energy exploration easier and more economical. AI and one of its subsets, machine learning, are digital trends poised to disrupt the energy industry, according to a recent report from Wood Mackenzie, an energy, chemicals, renewables, metals and mining research and consultancy group, Greentech Media (GTM) reports.


Camera spots hidden oil spills and may find missing planes

New Scientist

There are thousands of oil spills each year in US waters alone. One major source is illegal dumping of oil in harbours when ships empty their bilges, typically at night to avoid detection. However, a new kind of polarising camera can now spot offenders immediately. Its ability to detect otherwise invisible oil sheens could even lead investigators to lost planes. Like many oil imagers, the Pyxis camera sees the infrared radiation emitted by all objects.


Paradise Papers explained: Offshore assets of Apple, Queen Elizabeth II, others exposed in historical data leak

FOX News

The bombshell Paradise Papers are reportedly implicating key members of the Trump administration. On Nov. 5, one of the largest data leaks in history revealed the offshore endeavors of some of the world's most influential people. Here's what you need to know about the Paradise Papers, so named because many of the offshore assets are held in tropical places like Bermuda. The Paradise Papers refers to a trove of 13.4 million documents that expose the offshore assets of some of the world's biggest companies such as Nike, Apple, and Uber. The leak, which is one of the biggest in history and comes about 18 months after the Panama Papers leak, exposes how these companies and individuals "avoid taxes through increasingly imaginative bookkeeping maneuvers," according to the International Consortium of Investigative Journalists, a global network of more than 200 investigative journalists in 70 countries who collaborate on in-depth investigative stories, according to its website, which has access to the documents.


Marib Journal: As Yemen Crumbles, One Town Is an Island of Relative Calm

NYT > Middle East

During a recent four-day trip to Marib with a group of Western journalists and researchers, I saw a town struggling for a sense of normalcy -- and even progress -- despite the collapsed country around it. The trip was organized by the Sana Center for Strategic Studies, a research institute focused on Yemen, and led by Farea al-Muslimi, an energetic young Yemeni scholar, who said he worried that the international community was forgetting about Yemen, to the peril of both. "We can't stop the war in Yemen right now, but at least we can cause more conversation about it," he said. "We want to bring the world to Yemen and bring Yemen to the world." Marib's unlikely success is partly a symptom of the near complete shattering of the Yemeni state, which has left regions to fend for themselves in providing life's basics for their people.


Russian organisations harness artificial intelligence

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As Russia's government develops a digital economy, organisations are stepping up the use of artificial intelligence (AI) and machine learning technologies. Every conference this year contains a dead human genius reincarnated as software system or a robot. Yes, there is a lot of hype, but there is real worth in AI and Machine Learning. Read our counseling on how to avoid adopting "black box" approach. You forgot to provide an Email Address.


Data and Technology: Building Blocks for CX

@machinelearnbot

Data plays a crucial role throughout the customer journey, from providing insights to helping tailor the user experience. CMOs can leverage data and emerging technologies to inform creative, improve customer experience, and increase loyalty. Most consumers want more than a great brand--they want a great brand experience. This is a significant departure from the recent past, when consumers often saw value in a brand itself and what it represented--heritage, prestige, or simply name recognition. Today, many consumers expect value from every aspect of the brand--product, service, and overall customer experience (CX).


8 Habits of Highly Effective Data Scientists IoT For All

@machinelearnbot

I'm fortunate to have met with some of the pioneers of data science and machine learning early on in my career. Their thoughts shaped my interest in the field and their habits formed my daily routine. The most frequent question I'm asked is some form of, 'How do I build a machine learning or data science career?' It starts with forming some important habits. Here's what works for me and what I've seen build exceptional data scientists.


The revolution in AI, automation and analytics will transform marketing and PR - AMEC

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Determining marketing and PR's business impact is a major challenge for both B2C and B2B companies. In B2B, long customer buying journeys and extended time lag between "marketing or PR cause" and "business effect" made it all but impossible to judge what the business was getting in return for each dollar of marketing investment. Caught in the annual "planning and budgeting" competition for resources, marketing and PR often have gotten the short end of the stick. The result has been that marketing and PR's business impact has gone unrecognized and unrewarded in too many companies. From 2001 until 2016, I served as CEO of BMC Software.