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AI Adoption in Energy Should Focus on Agility, Not Algorithms By Thayer Adsit, Rohit Nalgirkar, Sylvain Santamarta, Ramya Sethurathinam, and Henning Streubel December 2024 Key Takeaways With AI and GenAI applications poised to revolutionize the oil and gas industry, companies must develop the capabilities to quickly and flexibly adopt these new technologies. This requires strong change-management efforts to reshape a company’s DNA around its people, processes, and culture—a significant shift for companies traditionally centered on physical assets. Many energy companies have adopted AI tools to support tasks like corporate report writing and to improve the quality and productivity of oil field operations and petro-tech disciplines. Future benefits will include using AI to promote major innovations. Deploying GenAI in everyday tasks, implementing AI and GenAI to improve critical processes, and inventing new business models focused on agility can help companies unlock the value of the technology. To realize sustained competitive advantage through AI applications, companies must provide access to quality data, foster a culture of experimentation that encourages innovation and risk-taking, and rapidly upskill workers. https://lnkd.in/dgpmrUpd

AI Adoption in Energy Should Focus on Agility, Not Algorithms

AI Adoption in Energy Should Focus on Agility, Not Algorithms

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