August 2020
Beginner
352 pages
8h 45m
English
Content preview from Enterprise AI For Dummies
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Chapter 8
Oil and Gas: Finding Opportunity in Chaos
IN THIS CHAPTER
Understanding the impact of volatility and regulation on oil and gas
Discovering how AI and big data enhance stability and compliance
Identifying the AI techniques that make the biggest difference in oil and gas
Exploring use cases for AI
Although the first oil wells are said to have been drilled by the Chinese using bamboo poles thousands of years ago, modern oil production started with the discovery of oil in Pennsylvania in 1859. In the 160 years since then, the industry has seen many ups and downs. Today, oil is credited for powering half the world’s energy and most vehicles. It’s also a base ingredient for many chemicals, and is necessary for manufacturing, the production of plastics, and countless other industrial activities.
To address the volatility of the industry, producers are turning to AI and a wealth of data from Internet of Things (IoT) sensors to introduce predictability and optimization.
Wrestling with Volatility
Oil is an industry characterized by extreme volatility. Despite the steady rise of ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.