Automation & AI in Oil and Gas

Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?

I am an ex-investment banker, having worked in the consumer, retail, healthcare and oil & gas sector. With over 18 years of valuation, research, operations and AI experience, I am currently working in the ed-tech industry. We are looking at operationalizing the entire AI function.

Q2. How is AI/ML being applied to supply chain optimization in oil and gas industry?

AI and machine learning are increasingly being applied to supply chain optimization in the oil and gas industry. Unlike other industries, there are a lot of dependencies (both human and machine level), and any gap in the process leads to massive delays (both upstream and downstream). All the more pertinent because we are dealing with global supplies and through pipelines, unlike a lift and shift (using air or ground transport)Here are some key areas where these technologies are making an impact:

Demand Forecasting:ML algorithms analyze historical data, market trends, and external factors to predict demand for oil and gas products, allowing companies to optimize inventory levels and reduce costs.

Supply Chain Visibility:AI-driven platforms provide real-time insights…