WANT TO LEARN MORE ABOUT HOW TO SCALE AI & GAIN MORE INSIGHT INTO THE IMPACT COGNITIVE AI IS MAKING ON HIGH-VALUE SECTORS’ BOTTOM LINES? GET A CLOSER LOOK HERE!
“Manufacturing companies are coming to realize just how important this tool can be to create a more efficient supply chain. Recent advancements in AI and data analytics have allowed manufacturers to eliminate potential bottlenecks and improve quality management in their manufacturing cycle. Industrial lubrication manufacturers can specifically benefit from this technology in many ways: procurement pattern breakdown, production scheduling, calculation of material requirements, increased efficiency of regularly scheduled maintenance, and increasing forecast accuracy are just a couple of areas that this technology can make a positive impact.” (Chemseed)
“The aim is not to replace formulators, but to automate only those aspects of their activity where it is reasonably practicable to do so. The basic approach taken is to view formulation as a hierarchical planning activity, with deep knowledge represented using a causal model. Formulation decisions are made by rule-bases which mix heuristic knowledge and causal reasoning, together with the facility for formulators to enter their own decisions.” (Elsevier Ltd.)
At the moment, some typical initiatives for the Industrial segment involve equipment downscaling simultaneous to upscaling productivity, realizing greater levels of output per unit of energy consumption. Recognizing said initiative consequently leads to higher strains on lubricants, whether from lesser oil quantities, higher temperatures, accelerated speeds, or larger loads. It’s also worth mentioning that oil is being expected to last longer stretches before needing to be changed. Such elements decrease equipment downtime and boost production while decreasing waste oil and accompanying disposal costs.
“I understand the importance of a worldwide movement toward a lower-carbon future. Our company plans to continue supporting client needs while tackling the cleaner energy challenge together, playing a part in the complex global challenge of transitioning to a future of less carbon while still meeting the energy needs facing our world today. Artificial intelligence will play a key role in helping companies and industries achieve net zero ambitions. Accomplishing a low carbon future will require more efficient operations that help increase productivity and reduce waste. AI for energy can work toward this with technology designed to optimize efficiency, yielding more economical utilization of resources to accelerate renewable, decarbonization and carbon-negative initiatives across the globe.” (AJ Abdallat for Forbes)
“It’s truly amazing, what this technology is able to do. By combining numeric and symbolic artificial intelligence, we have developed a tool that has unprecedented flexibility in terms of data type and application area within the general lubrication framework. Overall, more reliable predictions – both in terms of properties and test performance – reduce the risk of failure in later stages and significantly cut down on program time and cost.” (AJ Abdallat, Beyond Limits CEO)
The midstream sector of the oil and gas industry is faced with complex obstacles relating to expensive, resource-intensive pipeline inspections from unforgiving environments and outmoded maintenance frameworks. Issues also arise due to complications from inaccurate forecasting of high-value commodities as market balances are in constant flux and as supply chain infrastructures struggle to modernize.
Simply put, when it all adds up, these challenges can lead to significant incidents that cost tens of millions of dollars in lost revenue.
Beyond Limits Cognitive AI technology for midstream operations provides state-of-the-art solutions that bring pioneering artificial intelligence to the edge, supporting key stakeholders in keeping the most ideal oversights possible of their most valuable assets while in transit. Explore an innovative approach to midstream with a solution that:
Check out this video to see how advanced, transparent AI solutions are supporting stakeholders at every level of operations to Master Midstream.
WANT TO LEARN MORE ABOUT THE IMPACT OF BEYOND LIMITS’ TECHNOLOGY ON MIDSTREAM? GET A CLOSER LOOK HERE!
“The global use of artificial intelligence (AI) in the Energy market is forecast to reach $7.78 Billion by 2024.” -Pangea Strategic Intelligence
“Society of Petroleum Engineers (SPE), a global industry organization, found that nearly 54% of its members are over 55 years old. 44% of Generation Y and 62% of Generation Z say a career in oil and gas is unappealing.” –EY Global
“bp’s goal of market-led growth in refining is now easier to achieve because the Beyond Limits advisor allows us to achieve optimized operation closer to 100% of the time and process a significantly higher crude rate.” -bp Innovation and Engineering, Discipline Leader, Intelligent Operations
“Nearly 80% of oil and gas executives said they ‘agree or strongly agree’ that AI will significantly change the way their companies do business in the next five years.” –PwC’s 22nd Annual Global CEO Survey
“A digital-ready company culture must exist with an innovation-minded team that’s empowered to implement structural transitions kicked into high gear by the adoption of AI technology. It’s vital this culture places importance on data-driven decision-making instead of defaulting to legacy approaches. This is where your AI investment will either thrive or fall flat.” –AJ Abdallat, Forbes
“This is a very exciting time for Beyond Limits to gain such a valuable partner as The Carnrite Group. Through Carnrite’s vast network, we hope to provide valuable guidance and increase awareness of the benefits of AI in critical sectors, including boosting operational insights, improving operating conditions, and ultimately, increase adoption of this next generation technology.” –AJ Abdallat, Beyond Limits & The Carnrite Group Press Release
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