ORIGINALLY POSTED: 10 APRIL 2023
AUTHOR: LEONARD LEE FOR THE EDGE SINGAPORE
ASIA PACIFIC

 

The oil and gas industry in the Asia Pacific region is turning to artificial intelligence (AI) to streamline operations and cut unnecessary costs. Beyond Limits APAC President, Leonard Lee is published by The Edge Singapore discussing the ways technology is being used to pinpoint drilling opportunities, inspect pipes with self-navigating robots, and predict equipment wear and tear. But while conventional AI acts as a “black box”, the next generation of cognitive AI acts as a “glass box”, providing detailed justifications for recommendations that can be easily understood and interpreted by humans and machines. It can also address the technical skill gap caused by an aging workforce and training challenges related to digitalization, compliance mandates, training costs, environmental impacts, and safety accidents.

 

“Global spending in the artificial intelligence (AI) market is expected to increase from US$17.6 billion in 2022 to approximately US$32 billion in 2025 as technologists aim to innovate existing layers of AI.”

 

Read the Full Article – HERE.