So How will AI be applied to oil and gas? The oil and gas sector is trying to figure out how to adopt and deploy artificial intelligence. They see the enormous profit potential in fit-for-purpose AI tools to help optimize processes. It will also control costs on a granular level that just a few years ago would have been unimaginable.
Few companies so far have in-house expertise in this arena. So for now they will rely on third party contractors. As I sought to learn more about the subject, I recently interviewed Jimmy Fortuna. He us the chief product officer at Enverus. He is also one of the oil industry’s biggest providers of SAAS-based data analytics and consulting.
Enverus recently introduced an AI tool it calls Instant Analyst. It is product that works in conjunction with generative AI technologies from Amazon Web Services (AWS). It enables Enverus to analyze vast data streams to enable real-time decision-making.
“When a user asks the Enverus Instant Analyst an open-ended question, the AI-powered system searches exclusively through Enverus’ vast repository of proprietary research and analytics,” Fortuna says. “This curated content, housed within the Enverus Intelligence Vault, includes tens of thousands of documents containing valuable insights and data points specific to the energy industry. By using solely Enverus proprietary content, the Instant Analyst ensures that the answers it provides are highly relevant, accurate, and easily verifiable.”
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Source: Forbes
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