Artificial Intelligence, Machine Learning and IoT are all tools that are barreling through the oil and gas industry right now with a vengeance. This industry is an unassuming recipient of such advances, however they are not only embracing, but growing exponentially due to the safety, convenience and cost driven benefits they offer. Originally a world of pen and paper, rough necks, drafters, engineers, geologists, you name it. They are all being positively affected by the emergence of such technology and it’s taking the oil and gas industry by storm. So get your umbrella, there are many options out there, lots of terminology and some common goals – to drive down costs, improve safety and project forward into the future.
Oil and gas companies are regularly faced with many industry-specific issues to overcome. Such issues, including exploration and drilling, are often complex and intricate processes with many unique challenges to overcome. Data analytics can play a massive part in streamlining some of the most fundamental operations that are involved in the oil and gas industry.