The Impact of AI on Oil & Gas Organizations
The impact of Artificial Intelligence on an organization is an important topic when considering machine learning. In a previous blog entitled, What Artificial Intelligence in Oil and Gas Brings to Production, we discussed a summary of key solutions that AI
Successful Collaboration Leads to Success with EGML
A major challenge has been to foster cooperation between two groups with such different skills and backgrounds, O&G operation and data science. Failure of many projects is due to failure of collaboration of these groups to understand one another to
Getting To Know AI and ML Models
In Artificial Intelligence(AI) and Machine Learning (ML), a model replicates a decision process to enable automation and understanding. AI/ML models are mathematical algorithms that are “trained” using data and human expert input to replicate a decision an expert would make
The Top 3 Problems AI solves in Artificial Lift Production
This webcast replay discusses the emerging AI revolution in Oil & Gas. Our Data Scientist Venkat Putcha (PhD, Penn State) and VP of Client Services Tim Burke will be demonstrating OspreyData’s latest innovations in Production Optimization and the potential ROI
Benefits of Artificial Intelligence in Oil and Gas Production
Artificial Intelligence in Oil and Gas is becoming a very popular topic. MIT’s Sloan School of Management’s article, “Reshaping Business with Artificial Intelligence,” found that 85% of corporate executives surveyed believed that AI would help their businesses gain or sustain
What Kind of Events Can AI Detect?
When it comes to event detection, a common question we receive is, what kind of events can AI detect? We sub-categorize these events of interest into four different types: 1) High-Risk Events, 2) Sub-Optimal States, 3) Events Needing More Lead