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6 Remarkable Applications of AI in the Oil & Gas Industry

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Consequently, like every other sector, O&G is exploring the vast potential of Artificial Intelligence (AI) applications to increase productivity, boost security, enhance equipment availability, maintenance, and uptime, and enable sustainable operations. This data repository is analyzed by AI algorithms in real time.

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Key Essentials of Modern Business Intelligence

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The Growing Importance of Data. The global big data market is forecasted to grow to about 103 billion U.S. dollars by the year 2027 – Statista. Data continuously flows from a plethora of internal and external channels including computer systems, networks, social media, mobile phones etc. Conclusion.

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Augmented Analytics – Everything You Need to Know

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As per research by Statista , the value of the software segment of advanced analytics and other big data services will increase to $46 billion by 2027. But while most organizations have implemented data analytics in their companies or are about to, their ability to leverage its power effectively is limited.