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April Series: Digital Transformation, Artificial Intelligence & The Future of Energy and Utilities

The Energy and Utilities Sectors stand to substantially benefit from the implementation of digital technologies. Many companies within these sectors have taken the leap to adopt technologies to streamline operations. Artificial Intelligence and the automation of benefit delivery is the key to the future of the Energy and Utilities Sectors. AI’s ability to address the similar massive scale and complex analysis of exceptionally large volumes of data in real time to reduce infrastructure strain will ultimately have a very strong impact on the entire value chain.

Over the past few weeks, within the United States, the national grid and its emphasis on being the future of the energy grid and renewables have become a hot topic. The average age of power plants in the US is approximately 30 years old the deterioration of these plants has the potential to do serious damage by putting people out of power – this is where AI steps in to stop the problem.

Increased asset reliability, outage prevention, preventative maintenance and improved customer experience are just few of the ways AI can aid the energy sector. This month, we will be conducting a deep dive into how Maestro AI can address the energy sector’s needs more specifically.

Source: i-Scoop

The trends in the application of Artificial Intelligence in Utilities will also be in discussion this month as they share many similarities to those of Energy. Based on the predictions in the above graphic, it is clear Utilities companies are turning to digital to enhance their bottom line as it is predicted that by just 2023, utilities will have digitally connected 75% of their assets.

With the implementation of Maestro AI, companies within the Utilities and Energy space will be able to capture unprecedented speed to value and bottom line improvement with ease. Subscribe to follow along this month for the April Series: Artificial Intelligence & The Future of Energy and Utilities to learn more about AI’s application in this space and our take on some of the hottest topics in 2021.

To learn more about what Maestro AI and Elutions can do for your corporation, contact us.

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Impacts: Covid-19 & Water Utilities

The COVID-19 pandemic’s lasting impact continues to strain utilities across the globe, but the Water and Sanitation Sector has had to face unique challenges. Frequent and proper handwashing is the most basic frontline defense against the spread of COVID-19, yet a quarter of the world’s population lacks access to reliable water supplies. According to the…

by SolvetheUnsolvable

Texas Interconnection, Renewable Energy Sources & Artificial Intelligence

The highly publicized and politicized Texas Winter Storm power outages sparked outrage across the United States and abroad. Many people from the public and private sector were quick to point fingers at utility providers while focusing a lions’ share of the blame on wind power. However, the blame placed on wind power was misinformed and…

by SolvetheUnsolvable

Artificial Intelligence, F&B Quality, Safety and COVID-19

The COVID-19 pandemic initiated a drastic change in consumer confidence and purchasing habits while redefining the approach to how select businesses approach their supply and demand for goods & services. The food and beverage, manufacturing and industrial processing industries continue to experience, respond to and rebound from these unexpected changes all while navigating a yet…

by SolvetheUnsolvable
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January Series- Artificial Intelligence and the Oil & Gas Giants

The Oil & Gas industry is recognized as one of the largest valuation markets in the world and it is universally recognized for the reliance that the global markets hold on oil as a natural resource. Additionally, Oil & Gas corporations employee tens of thousands of individuals and often contribute significantly to their country’s GDP, resulting in increased political influence. Given their reliance as both a regional and market driver, it is no surprise that this industry is heavily investing in Artificial Intelligence to increase the value of their entire supply chain.

All equally Upstream Downstream Midstream What part of the industry can be most helped by intelligent enterprise? 65% 21% 10% 4% Which parts of the oil and gas value chain will be most affected by intelligent enterprise? (choose three) Asset integrity & maintenance Field development Geophysical Pipelines Drilling Refining Power generation Transportation (tankers & trucks) Construction Gas processing Product marketing Liquefaction Other Storage 69% 35% 32% 30% 28% 25% 21% 18% 13% 12% 5% 1%
Source: Oil & Gas IQ

Around 200 oil and gas professionals from around the globe took part in Oil & Gas IQ’s in-depth research into the intelligent enterprise landscape and the impact of AI as the next driver of change within the industry. Some interesting results above illustrate that a majority of these O&G professionals believe the industry will be helped by intelligent enterprise equally, upstream, midstream, and downstream. Additionally, a majority of respondents top choice for their number one value chain improvement with intelligent enterprise was asset integrity & maintenance.

This New Year, Solve the Unsolvable will be drilling into the world of Oil & Gas and how Artificial Intelligence will exponentially increase the value of this industry, especially in the areas industry professionals have identified as most important. In Q1 2021, we will be exploring how AI addresses the vulnerability of supply within the O&G ecosystem, including a deep dive into AI’s ability to eliminate unplanned maintenance and prevent failures at scale. A look at how the decreasing cost of Oil is driving corporations towards AI in order to increase profitability by re-evaluating their value chain operations. And finally, a view into the rapidly expanding US Shale market, which is uniquely poised to benefit from AI at the very early stages.

Click subscribe below to be kept up to date and notified of our upcoming articles, including the next piece in the January Series- Artificial Intelligence and the Oil & Gas Giants.

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