How AI is Driving the Next Wave of Energy Innovation
Over the past two years AI has reigned in the minds of business leaders across the board. While some industries remain hesitant in embedding AI into their business, leaders from the energy sector have been more open to AI led transformation possibilities in their businesses. Several energy organizations across the world are methodically experimenting with AI to drive digital transformation, with the sector already seeing real business value from AI. According to the ‘KPMG International’s Global Tech Report: Energy insights’, 67% of energy companies are achieving measurable impact from active AI use cases. A big advantage of the energy sector is that there is a lot of data available, much of which is in digitised form. This availability of structured data complements with the broader structured and unstructured data available from external sources, creating a rich base for action in the energy companies. As a result, AI adoption in the energy sector is moving beyond proof-of-concept. Powering the Future: How AI is Driving the Next Wave of Energy Innovation