Artificial intelligence and machine learning technologies are becoming more accepted across multiple trades. With the help of these advanced applications, industry leaders can scale their businesses forward by increasing knowledge and productivity.
The oil and gas business is not excluded from this progression. In fact, the fossil fuel industry has been impacted significantly by the use of disruptive technologies in the non-renewable energy space.
How The Fossil Fuel Industry Can Benefit From AI
The fossil fuel industry has faced multiple challenges throughout the years concerning drilling projects. From geological concerns to physics and other variable factors, reservoir sites were previously unpredictable.
With the implementation of artificial intelligence within large companies, detailed information about drilling projects can be obtained before they are even started. In addition, the same businesses can utilize advanced data management systems.
Oil and gas companies provide energy to millions of customers daily. With the use of artificial technology applications, they can store and manage this data effectively.
Overall, businesses in the fossil fuel industry can thrive as a result of more organized daily operations as a whole. This translates to better customer service for consumers and more effective training for employees, allowing them to save money and produce more resources for distribution.
Existing Technologies In The Oil and Gas Business
Along with the groundbreaking ideas that are currently being developed, many smart technologies are already being utilized in the non-renewable energy sector. These applications include, but are not limited to, the following.
Robots are used within the oil and gas business to complete tasks that cannot be done safely or effectively by humans. This primarily includes exploration of potential drilling sites that have not been discovered yet, especially offshore locations where the reservoirs are hidden underwater.
Virtual reality applications are utilized in the training of employees in remote locations, away from the actual drilling sites. Previously, teaching new workers to operate the equipment would disturb oil projects and cause concern for safety.
Now using VR goggles, the same employees can experience a simulation of real working conditions, eliminating any real hazard while still providing valuable job training before stepping foot onto the actual project site.
Voice technology is commonly used on a smaller scale to address customer support concerns. When energy consumers call into the customer care line, most questions can quickly be answered by a robot voice, without the need to speak to a human representative.
More advanced technologies have also been developed and tested in recent years. For instance, Royal Dutch Shell recently introduced Amelia, a voice technology system designed to interact with workers on the job site to propose solutions and increase productivity.
The Future Of Fossil Fuels and AI
Artificial intelligence applications are currently bridging the gap between energy companies and consumers by controlling resources and improving services, allowing oil and gas businesses to progress financially.
The environment also benefits from these technological advancements in some way, as machine accuracy results in fewer accidents that are detrimental to the atmosphere.
Looking forward, innovators will continue to develop more technologies and apply them to the fossil fuel industry, contributing to more desirable energy solutions for all.