The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1119985587
Total Pages : 516 pages
Book Rating : 4.1/5 (199 download)

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Book Synopsis The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry by : Pethuru R. Chelliah

Download or read book The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry written by Pethuru R. Chelliah and published by John Wiley & Sons. This book was released on 2023-12-27 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry Comprehensive resource describing how operations, outputs, and offerings of the oil and gas industry can improve via advancements in AI The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry describes the proven and promising digital technologies and tools available to empower the oil and gas industry to be future-ready. It shows how the widely reported limitations of the oil and gas industry are being nullified through the application of breakthrough digital technologies and how the convergence of digital technologies helps create new possibilities and opportunities to take this industry to its next level. The text demonstrates how scores of proven digital technologies, especially in AI, are useful in elegantly fulfilling complicated requirements such as process optimization, automation and orchestration, real-time data analytics, productivity improvement, employee safety, predictive maintenance, yield prediction, and accurate asset management for the oil and gas industry. The text differentiates and delivers sophisticated use cases for the various stakeholders, providing easy-to-understand information to accurately utilize proven technologies towards achieving real and sustainable industry transformation. The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry includes information on: How various machine and deep learning (ML/DL) algorithms, the prime modules of AI, empower AI systems to deliver on their promises and potential Key use cases of computer vision (CV) and natural language processing (NLP) as they relate to the oil and gas industry Smart leverage of AI, the Industrial Internet of Things (IIoT), cyber physical systems, and 5G communication Event-driven architecture (EDA), microservices architecture (MSA), blockchain for data and device security, and digital twins Clearly expounding how the power of AI and other allied technologies can be meticulously leveraged by the oil and gas industry, The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry is an essential resource for students, scholars, IT professionals, and business leaders in many different intersecting fields.

The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1119985609
Total Pages : 516 pages
Book Rating : 4.1/5 (199 download)

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Book Synopsis The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry by : Pethuru Raj Chelliah

Download or read book The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry written by Pethuru Raj Chelliah and published by John Wiley & Sons. This book was released on 2023-12-04 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry Comprehensive resource describing how operations, outputs, and offerings of the oil and gas industry can improve via advancements in AI The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry describes the proven and promising digital technologies and tools available to empower the oil and gas industry to be future-ready. It shows how the widely reported limitations of the oil and gas industry are being nullified through the application of breakthrough digital technologies and how the convergence of digital technologies helps create new possibilities and opportunities to take this industry to its next level. The text demonstrates how scores of proven digital technologies, especially in AI, are useful in elegantly fulfilling complicated requirements such as process optimization, automation and orchestration, real-time data analytics, productivity improvement, employee safety, predictive maintenance, yield prediction, and accurate asset management for the oil and gas industry. The text differentiates and delivers sophisticated use cases for the various stakeholders, providing easy-to-understand information to accurately utilize proven technologies towards achieving real and sustainable industry transformation. The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry includes information on: How various machine and deep learning (ML/DL) algorithms, the prime modules of AI, empower AI systems to deliver on their promises and potential Key use cases of computer vision (CV) and natural language processing (NLP) as they relate to the oil and gas industry Smart leverage of AI, the Industrial Internet of Things (IIoT), cyber physical systems, and 5G communication Event-driven architecture (EDA), microservices architecture (MSA), blockchain for data and device security, and digital twins Clearly expounding how the power of AI and other allied technologies can be meticulously leveraged by the oil and gas industry, The Power of Artificial Intelligence for the Next-Generation Oil and Gas Industry is an essential resource for students, scholars, IT professionals, and business leaders in many different intersecting fields.

Artificial Intelligence and Data Analytics for Energy Exploration and Production

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1119879698
Total Pages : 613 pages
Book Rating : 4.1/5 (198 download)

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Book Synopsis Artificial Intelligence and Data Analytics for Energy Exploration and Production by : Fred Aminzadeh

Download or read book Artificial Intelligence and Data Analytics for Energy Exploration and Production written by Fred Aminzadeh and published by John Wiley & Sons. This book was released on 2022-09-21 with total page 613 pages. Available in PDF, EPUB and Kindle. Book excerpt: ARTIFICAL INTELLIGENCE AND DATA ANALYTICS FOR ENERGY EXPLORATION AND PRODUCTION This groundbreaking new book is written by some of the foremost authorities on the application of data science and artificial intelligence techniques in exploration and production in the energy industry, covering the most comprehensive and updated new processes, concepts, and practical applications in the field. The book provides an in-depth treatment of the foundations of Artificial Intelligence (AI) Machine Learning, and Data Analytics (DA). It also includes many of AI-DA applications in oil and gas reservoirs exploration, development, and production. The book covers the basic technical details on many tools used in “smart oil fields”. This includes topics such as pattern recognition, neural networks, fuzzy logic, evolutionary computing, expert systems, artificial intelligence machine learning, human-computer interface, natural language processing, data analytics and next-generation visualization. While theoretical details will be kept to the minimum, these topics are introduced from oil and gas applications viewpoints. In this volume, many case histories from the recent applications of intelligent data to a number of different oil and gas problems are highlighted. The applications cover a wide spectrum of practical problems from exploration to drilling and field development to production optimization, artificial lift, and secondary recovery. Also, the authors demonstrate the effectiveness of intelligent data analysis methods in dealing with many oil and gas problems requiring combining machine and human intelligence as well as dealing with linguistic and imprecise data and rules.

Machine Learning and Data Science in the Oil and Gas Industry

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Author :
Publisher : Elsevier
ISBN 13 : 0128207140
Total Pages : 288 pages
Book Rating : 4.1/5 (282 download)

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Book Synopsis Machine Learning and Data Science in the Oil and Gas Industry by : Patrick Bangert

Download or read book Machine Learning and Data Science in the Oil and Gas Industry written by Patrick Bangert and published by Elsevier. This book was released on 2021-03-08 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Machine Learning and Data Science in the Oil and Gas Industry explains how machine learning can be specifically tailored to oil and gas use cases. Petroleum engineers will learn when to use machine learning, how it is already used in oil and gas operations, and how to manage the data stream moving forward. Practical in its approach, the book explains all aspects of a data science or machine learning project, including the managerial parts of it that are so often the cause for failure. Several real-life case studies round out the book with topics such as predictive maintenance, soft sensing, and forecasting. Viewed as a guide book, this manual will lead a practitioner through the journey of a data science project in the oil and gas industry circumventing the pitfalls and articulating the business value. Chart an overview of the techniques and tools of machine learning including all the non-technological aspects necessary to be successful Gain practical understanding of machine learning used in oil and gas operations through contributed case studies Learn change management skills that will help gain confidence in pursuing the technology Understand the workflow of a full-scale project and where machine learning benefits (and where it does not)

Applications of Artificial Intelligence (AI) and Machine Learning (ML) in the Petroleum Industry

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Author :
Publisher : CRC Press
ISBN 13 : 1000629554
Total Pages : 162 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis Applications of Artificial Intelligence (AI) and Machine Learning (ML) in the Petroleum Industry by : Manan Shah

Download or read book Applications of Artificial Intelligence (AI) and Machine Learning (ML) in the Petroleum Industry written by Manan Shah and published by CRC Press. This book was released on 2022-09-02 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, raw data on any industry is widely available. With the help of artificial intelligence (AI) and machine learning (ML), this data can be used to gain meaningful insights. In addition, as data is the new raw material for today’s world, AI and ML will be applied in every industrial sector. Industry 4.0 mainly focuses on the automation of things. From that perspective, the oil and gas industry is one of the largest industries in terms of economy and energy. Applications of Artificial Intelligence (AI) and Machine Learning (ML) in the Petroleum Industry analyzes the use of AI and ML in the oil and gas industry across all three sectors, namely upstream, midstream, and downstream. It covers every aspect of the petroleum industry as related to the application of AI and ML, ranging from exploration, data management, extraction, processing, real-time data analysis, monitoring, cloud-based connectivity system, and conditions analysis, to the final delivery of the product to the end customer, while taking into account the incorporation of the safety measures for a better operation and the efficient and effective execution of operations. This book explores the variety of applications that can be integrated to support the existing petroleum and adjacent sectors to solve industry problems. It will serve as a useful guide for professionals working in the petroleum industry, industrial engineers, AI and ML experts and researchers, as well as students.

Intelligent Digital Oil and Gas Fields

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Publisher : Gulf Professional Publishing
ISBN 13 : 012804747X
Total Pages : 374 pages
Book Rating : 4.1/5 (28 download)

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Book Synopsis Intelligent Digital Oil and Gas Fields by : Gustavo Carvajal

Download or read book Intelligent Digital Oil and Gas Fields written by Gustavo Carvajal and published by Gulf Professional Publishing. This book was released on 2017-12-14 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intelligent Digital Oil and Gas Fields: Concepts, Collaboration, and Right-time Decisions delivers to the reader a roadmap through the fast-paced changes in the digital oil field landscape of technology in the form of new sensors, well mechanics such as downhole valves, data analytics and models for dealing with a barrage of data, and changes in the way professionals collaborate on decisions. The book introduces the new age of digital oil and gas technology and process components and provides a backdrop to the value and experience industry has achieved from these in the last few years. The book then takes the reader on a journey first at a well level through instrumentation and measurement for real-time data acquisition, and then provides practical information on analytics on the real-time data. Artificial intelligence techniques provide insights from the data. The road then travels to the "integrated asset" by detailing how companies utilize Integrated Asset Models to manage assets (reservoirs) within DOF context. From model to practice, new ways to operate smart wells enable optimizing the asset. Intelligent Digital Oil and Gas Fields is packed with examples and lessons learned from various case studies and provides extensive references for further reading and a final chapter on the "next generation digital oil field," e.g., cloud computing, big data analytics and advances in nanotechnology. This book is a reference that can help managers, engineers, operations, and IT experts understand specifics on how to filter data to create useful information, address analytics, and link workflows across the production value chain enabling teams to make better decisions with a higher degree of certainty and reduced risk. Covers multiple examples and lessons learned from a variety of reservoirs from around the world and production situations Includes techniques on change management and collaboration Delivers real and readily applicable knowledge on technical equipment, workflows and data challenges such as acquisition and quality control that make up the digital oil and gas field solutions of today Describes collaborative systems and ways of working and how companies are transitioning work force to use the technology and making more optimal decisions

Applications of Artificial Intelligence Techniques in the Petroleum Industry

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Author :
Publisher : Gulf Professional Publishing
ISBN 13 : 0128186801
Total Pages : 322 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Applications of Artificial Intelligence Techniques in the Petroleum Industry by : Abdolhossein Hemmati Sarapardeh

Download or read book Applications of Artificial Intelligence Techniques in the Petroleum Industry written by Abdolhossein Hemmati Sarapardeh and published by Gulf Professional Publishing. This book was released on 2020-09-09 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applications of Artificial Intelligence Techniques in the Petroleum Industry gives engineers a critical resource to help them understand the machine learning that will solve specific engineering challenges. The reference begins with fundamentals, covering preprocessing of data, types of intelligent models, and training and optimization algorithms. The book moves on to methodically address artificial intelligence technology and applications by the upstream sector, covering exploration, drilling, reservoir and production engineering. Final sections cover current gaps and future challenges. Teaches how to apply machine learning algorithms that work best in exploration, drilling, reservoir or production engineering Helps readers increase their existing knowledge on intelligent data modeling, machine learning and artificial intelligence, with foundational chapters covering the preprocessing of data and training on algorithms Provides tactics on how to cover complex projects such as shale gas, tight oils, and other types of unconventional reservoirs with more advanced model input

AI for Utilities

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Author :
Publisher : Apress
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.8/5 (688 download)

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Book Synopsis AI for Utilities by : Debashish Roy

Download or read book AI for Utilities written by Debashish Roy and published by Apress. This book was released on 2024-05-10 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This transformative book explores the power of artificial intelligence (AI) in revolutionizing the utilities industry. It covers crucial topics such as intelligent grids, decentralized energy resources, customer engagement, electric vehicle integration, and more, providing a comprehensive and practical guide to successfully navigate the energy transition. In today's world, the urgency of addressing climate change and transitioning to sustainable energy systems is undeniable. With approximately 60 percent of global greenhouse gas emissions attributed to the energy sector, utilities play a vital role in achieving sustainability goals. The traditional utility business model faces disruption from renewable energy, changing consumer expectations, and regulatory shifts. Embracing AI emerges as a key solution to optimize operations, enhance grid reliability, and meet evolving customer demands. Through compelling case studies and industry-specific use cases, you will discover how AI drives innovation, improves operational efficiency, and contributes to a greener and more sustainable world. As the demand for cleaner and more sustainable energy practices grows, this book demonstrates how AI can support utilities in meeting these demands, making them more resilient, agile, and customer-centric. Whether you're a seasoned industry expert or a curious student, this book equips you with the knowledge and insights to embrace sustainability, navigate the complex energy landscape, leverage AI to shape a positive future, and join the movement towards a greener world, empowered by AI's potential in the utilities industry. What You Will Learn Understand the challenges and opportunities for utilities in the context of climate change, energy poverty, and the evolving business landscape Discover how rapid transformation is needed in the utilities sector to overcome challenges and leverage opportunities for a sustainable future Gain insight into the role of technology, particularly artificial intelligence (AI), as a critical tool for utilities in their transformation journey Be aware of how AI can be applied in building the future utility industry, including its potential impact on energy efficiency, intelligent energy ecosystems, community engagement, and new business models Gain knowledge of the adoption of AI and machine learning technologies in the utility industry, including the current state, barriers, significant influencing factors, and an AI adoption maturity model for utilities Recognize the sustainability imperative for utilities and how AI can help in achieving sustainable energy practices Become familiar with the transformation of power generation, microgrids, intelligent transmission and distribution systems, utilities retail, mobility through electric vehicles, and the integration of distributed energy resources (DER) using AI Gain insight into the potential of AI in addressing challenges and driving innovation in the energy ecosystem, such as optimizing power generation assets, enhancing grid intelligence, improving customer service, and enabling clean energy awareness in the metaverse Who This Book Is For Professionals and decision makers in the global utilities industry who want to leverage artificial intelligence (AI) technologies to transform their operations and address challenges and opportunities in the energy sector. This book may also appeal to researchers, academics, and students in the fields of energy engineering, environmental science, data analytics, and AI who want to gain a deeper understanding of AI in the utilities sector and its implications for sustainable energy systems.

Value Creation through Executive Development

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Author :
Publisher : Routledge
ISBN 13 : 1351271547
Total Pages : 176 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Value Creation through Executive Development by : Solomon Akrofi

Download or read book Value Creation through Executive Development written by Solomon Akrofi and published by Routledge. This book was released on 2018-12-07 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ability of organisations to generate long-term value and growth depends to a very large extent on the capacity of the executive cohort to conceive and implement strategic initiatives through a well-motivated and enabled workforce. However, generating consistent value in today’s volatile, uncertain, complex and ambiguous (VUCA) and rapidly evolving digital economic landscape can be challenging and, therefore, executives need to update their capabilities regularly to align with the changing value drivers required for long-term growth. To achieve the expected value and growth at a more sustainable level, executive development must be managed as a strategic asset and optimised through effective design and implementation and the effects must be proactively evaluated through meaningful leading indicators and actual 'hard' measures. Value Creation through Executive Development, therefore, offers a well-supported and clearly structured approach to address the gap between executive development initiatives and the creation of long-term organisational value and growth. This book provides a valuable resource to executives and management development professionals who have experienced frustration about the lack of non-value-adding executive development programmes. It also serves as a professional resource for managers of executive and management development programmes, organisational development departments and organisational development consultants, allowing them to integrate this material into existing programmes to achieve value-centric outcomes and to achieve long-term performance targets. Additionally, it serves as a teaching resource for participants in executive/management development courses or seminars globally; offering them the capacity to conduct value-centric initiatives and gain the capacity to influence the tactical, operational and strategic dimensions of their organisational performance.

Artificial Intelligence in the Petroleum Industry

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Author :
Publisher : Editions TECHNIP
ISBN 13 : 9782710807032
Total Pages : 404 pages
Book Rating : 4.8/5 (7 download)

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Book Synopsis Artificial Intelligence in the Petroleum Industry by : Bertrand Braunschweig

Download or read book Artificial Intelligence in the Petroleum Industry written by Bertrand Braunschweig and published by Editions TECHNIP. This book was released on 1996 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Artificial Intelligence in the Petroleum Industry

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Author :
Publisher : Editions TECHNIP
ISBN 13 : 9782710806882
Total Pages : 484 pages
Book Rating : 4.8/5 (68 download)

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Book Synopsis Artificial Intelligence in the Petroleum Industry by : Bertrand Braunschweig

Download or read book Artificial Intelligence in the Petroleum Industry written by Bertrand Braunschweig and published by Editions TECHNIP. This book was released on 1995 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Artificial Intelligent Approaches in Petroleum Geosciences

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Author :
Publisher : Springer
ISBN 13 : 9783031527142
Total Pages : 0 pages
Book Rating : 4.5/5 (271 download)

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Book Synopsis Artificial Intelligent Approaches in Petroleum Geosciences by : Constantin Cranganu

Download or read book Artificial Intelligent Approaches in Petroleum Geosciences written by Constantin Cranganu and published by Springer. This book was released on 2024-04-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents cutting-edge approaches to solving practical problems faced by professionals in the petroleum industry and geosciences. With various state-of-the-art working examples from experienced academics, the book offers an exposure to the latest developments in intelligent methods for oil and gas research, exploration, and production. This second edition is updated with new chapters on machine learning approaches, data-driven modelling techniques, and neural networks. The book delves into machine learning approaches, including evolutionary algorithms, swarm intelligence, fuzzy logic, deep artificial neural networks, KNN, decision tree, random forest, XGBoost, and LightGBM. it also analyzes the strengths and weaknesses of each method and emphasizes essential parameters like robustness, accuracy, speed of convergence, computer time, overlearning, and normalization. Integration, data handling, risk management, and uncertainty management are all crucial issues in petroleum geosciences. The complexities of these problems require a multidisciplinary approach that fuses petroleum engineering, geology, geophysics, and geochemistry. Essentially, this book presents an approach for integrating various disciplines such as data fusion, risk reduction, and uncertainty management. Whether you are a professional or a student, you can greatly benefit from the latest advancements in intelligent methods applied to oil and gas research. This comprehensive and updated book presents cutting-edge approaches and real-world examples that can help you in solving the intricate challenges of the petroleum industry and geosciences.

Artificial Intelligence for a More Sustainable Oil and Gas Industry and the Energy Transition

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Author :
Publisher : Elsevier
ISBN 13 : 0443240116
Total Pages : 0 pages
Book Rating : 4.4/5 (432 download)

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Book Synopsis Artificial Intelligence for a More Sustainable Oil and Gas Industry and the Energy Transition by : Mohammadali Ahmadi

Download or read book Artificial Intelligence for a More Sustainable Oil and Gas Industry and the Energy Transition written by Mohammadali Ahmadi and published by Elsevier. This book was released on 2024-08-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Artificial Intelligence for a More Sustainable Oil and Gas Industry and the Energy Transition: Case Studies and Code Examples presents a package for academic researchers and industries working on water resources and carbon capture and storage. This book contains fundamental knowledge on artificial intelligence related to oil and gas sustainability and the industry’s pivot to support the energy transition and provides practical applications through case studies and coding flowcharts, addressing gaps and questions raised by academic and industrial partners, including energy engineers, geologists, and environmental scientists. This timely publication provides fundamental and extensive information on advanced AI applications geared to support sustainability and the energy transition for the oil and gas industry. Reviews the use and applications of AI in energy transition of the oil and gas sectors Provides fundamental knowledge and academic background of artificial intelligence, including practical applications with real-world examples and coding flowcharts Showcases the successful implementation of AI in the industry (including geothermal energy)

Shale Analytics

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Author :
Publisher : Springer
ISBN 13 : 3319487531
Total Pages : 287 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Shale Analytics by : Shahab D. Mohaghegh

Download or read book Shale Analytics written by Shahab D. Mohaghegh and published by Springer. This book was released on 2017-02-09 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the application of modern information technology to reservoir modeling and well management in shale. While covering Shale Analytics, it focuses on reservoir modeling and production management of shale plays, since conventional reservoir and production modeling techniques do not perform well in this environment. Topics covered include tools for analysis, predictive modeling and optimization of production from shale in the presence of massive multi-cluster, multi-stage hydraulic fractures. Given the fact that the physics of storage and fluid flow in shale are not well-understood and well-defined, Shale Analytics avoids making simplifying assumptions and concentrates on facts (Hard Data - Field Measurements) to reach conclusions. Also discussed are important insights into understanding completion practices and re-frac candidate selection and design. The flexibility and power of the technique is demonstrated in numerous real-world situations.

Global Trends 2040

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Author :
Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Competing in the Age of AI

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Author :
Publisher : Harvard Business Press
ISBN 13 : 1633697630
Total Pages : 175 pages
Book Rating : 4.6/5 (336 download)

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Book Synopsis Competing in the Age of AI by : Marco Iansiti

Download or read book Competing in the Age of AI written by Marco Iansiti and published by Harvard Business Press. This book was released on 2020-01-07 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: "a provocative new book" — The New York Times AI-centric organizations exhibit a new operating architecture, redefining how they create, capture, share, and deliver value. Now with a new preface that explores how the coronavirus crisis compelled organizations such as Massachusetts General Hospital, Verizon, and IKEA to transform themselves with remarkable speed, Marco Iansiti and Karim R. Lakhani show how reinventing the firm around data, analytics, and AI removes traditional constraints on scale, scope, and learning that have restricted business growth for hundreds of years. From Airbnb to Ant Financial, Microsoft to Amazon, research shows how AI-driven processes are vastly more scalable than traditional processes, allow massive scope increase, enabling companies to straddle industry boundaries, and create powerful opportunities for learning—to drive ever more accurate, complex, and sophisticated predictions. When traditional operating constraints are removed, strategy becomes a whole new game, one whose rules and likely outcomes this book will make clear. Iansiti and Lakhani: Present a framework for rethinking business and operating models Explain how "collisions" between AI-driven/digital and traditional/analog firms are reshaping competition, altering the structure of our economy, and forcing traditional companies to rearchitect their operating models Explain the opportunities and risks created by digital firms Describe the new challenges and responsibilities for the leaders of both digital and traditional firms Packed with examples—including many from the most powerful and innovative global, AI-driven competitors—and based on research in hundreds of firms across many sectors, this is your essential guide for rethinking how your firm competes and operates in the era of AI.

Understanding Data Analytics and Predictive Modelling in the Oil and Gas Industry

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Author :
Publisher : CRC Press
ISBN 13 : 1000995119
Total Pages : 187 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Understanding Data Analytics and Predictive Modelling in the Oil and Gas Industry by : Kingshuk Srivastava

Download or read book Understanding Data Analytics and Predictive Modelling in the Oil and Gas Industry written by Kingshuk Srivastava and published by CRC Press. This book was released on 2023-11-20 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers aspects of data science and predictive analytics used in the oil and gas industry by looking into the challenges of data processing and data modelling unique to this industry. It includes upstream management, intelligent/digital wells, value chain integration, crude basket forecasting, and so forth. It further discusses theoretical, methodological, well-established, and validated empirical work dealing with various related topics. Special focus has been given to experimental topics with various case studies. Features: Provides an understanding of the basics of IT technologies applied in the oil and gas sector Includes deep comparison between different artificial intelligence techniques Analyzes different simulators in the oil and gas sector as well as discussion of AI applications Focuses on in-depth experimental and applied topics Details different case studies for upstream and downstream This book is aimed at professionals and graduate students in petroleum engineering, upstream industry, data analytics, and digital transformation process in oil and gas.