Solutions

Oil & Gas

Oil and gas companies have a lot of data to work with and tremendous opportunity to realize the value of machine learning and AI in various areas of their operations.

The AI in Oil and Gas market was valued at USD2 billion in 2019 and is expected to reach USD3.81 billion by 2025, at a CAGR of 10.96% over the forecast period 2020-2025. As the cost of IoT sensors declines, more major oil and gas organizations are bound to start integrating these sensors into their upstream, midstream, and downstream operations along with AI-enabled predictive analytics.

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