Remove 2021 Remove Artificial Inteligence Remove Big Data Remove Industry
article thumbnail

6 Remarkable Applications of AI in the Oil & Gas Industry

Acuvate

The Oil and Gas (O&G) industry, though seemingly one of the most lucrative to work with, has been battling several challenges in the last few years. According to research, the global artificial intelligence in the O&G sector will be worth $3,669.8Mn by 2027 , growing at a CAGR of 10.81% between 2022 and 2027.

article thumbnail

Top 5 Digital transformation use cases for the BFSI industry

Acuvate

“Digital banking,” “super apps,” “hyper-personalization,” “customer experience,” and “agility” — are the terms redefining the BFSI industry today. Let’s explore in detail how digital transformation is revolutionizing the banking and financial services industry (BFSI). Top 5 Digital Transformation Use Cases for the BFSI Industry.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Extracting Actionable Insights From Data: What you need to know

Acuvate

In fact, businesses driven by data insights and analytics are effectively growing at an average of more than 30 percent every year , and by 2021, they are expected to take $1.8 Reformat and pre-process data. The data you have just compiled isn’t meaningful yet or even ready for processing. Clean up to make sense of data.

Data 90
article thumbnail

Applications and innovations in the Internet of Things (IoT)

hackerearth

Wearables like FitBit that tracks several health parameters, AmpStrip that monitors heart rate, smart watches that detect sleep apnea, and smart glasses to help the blind are greatly changing the way the healthcare industry functions. Industrial IoT. Smart Home. ” 6.

article thumbnail

4 Emerging Technologies Impacting Today’s Digital Transformation

Acuvate

In fact, the International Data Corporation anticipates the total amount spent on digitalization globally will surpass $2.1 trillion by 2021. 2 Artificial Intelligence (AI). A great example of IoT use is in the airport industry. 4 Big Data. Today’s society generates massive amounts of data.

article thumbnail

Digital Transformation Use Cases in the Oil and Gas Industry

Acuvate

While the COVID-19 pandemic has caused severe social, economic, and financial disruption across the globe, the oil and gas (O&G) industry seems to have been the hardest hit. Despite these advances, the adoption of digital technology in the oil and gas industry is yet to reach its maximum potential. Let’s explore further.

article thumbnail

6 Ways to Drive Sustainability in Transportation

Acuvate

When looking at industries contributing to these harmful emissions, a recent study found that transportation accounted for a staggering (29%) of total U.S. between 2021 and 2026. Acuvate helped the government department of a large city metropolis install cameras (with mics) that leverage AI in specific locations.