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15 Remarkable Applications & Examples of AI in Business
Heard the buzz about the many benefits of AI, but curious about how it actually delivers? Here are 15 remarkable applications of how companies used AI to transform their business.
Energy
Deliver more for less, in faster timescales, while reducing environmental impact.
Revolutionizing the energy industry through artificial intelligence
With AI, energy companies can enhance every aspect of today’s value chains, while simultaneously innovating with renewables to set the stage for tomorrow’s markets. From exploration and discovery to generation and delivery, RapidMiner is experienced in helping energy companies across the globe do more with less, at a faster pace, while also reducing burden on the environment.
Energy Industry Use Cases
Drive Revenue
- Analyze upstream energy assets and processes to boost E&P success and efficiency
- Forecast production and demand to handle spikes while also avoiding idle capacity
- Shift refinery optimization to real-time to quickly adapt to production, market and supply conditions
Cut Costs
- Optimize asset utilization to get maximum output from capital investments
- Apply predictive maintenance to midstream infrastructure to minimize loss during transportation
- Analyze and streamline every process in the value chain to minimize costs
Avoid Risks
- Profile EH&S risks and prescribe environmental protection measures
- Improve energy trading & risk management with smarter analysis
- Ensure pipeline integrity by integrating predictions of asset vulnerabilities with exposures
- Detect theft proactively with smart meter data analysis
Why AI Now?
Energy — its sources, consumption patterns and economic and ecological impact — has become one of the defining issues of our time. The industry faces financial and market pressure to operate profitably, and societal and regulatory pressure to do so at minimal risk to the environment. Sometimes those initiatives feel as if they’re competing against each other.
The good news is the unprecedented volumes of data to feed analytics, from equipment in the field, the plant, transmission infrastructure, homes and businesses. AI enables the energy industry to improve every facet of the value chain, while innovating with renewables for a brighter future.
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What Our Energy Customers Say
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Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences, and do not represent the views of Gartner or its affiliates.
Thinking about what digital transformation means for your organization? This study conducted by Forrester Consulting outlines how organizations are achieving success and planning for the future.
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