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6 Remarkable Applications of AI in the Oil & Gas Industry

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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. As a result, equipment reliability is a significant issue warranting data-based asset management and maintenance. AI Applications in the Oil and Gas Industry.

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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. Self-Service BI.

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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.