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[Session Replay – Energy Tech Summit 2020] AI to Drive the Future Analytics for Energy and Industry
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[Session Replay – Energy Tech Summit 2020] AI to Drive the Future Analytics for Energy and Industry

Watch our On-Demand Session Replay of AI to Drive the Future Analytics for Energy and Industry.

How AI provides the visibility the energy industry needs in a complex world

30-SECOND SUMMARY:

  • AI is a critical lever for energy companies to gain more visibility in a complex world.
  • The key is to anticipate what may happen, test, and find solutions that are resistant to disruption.
  • A digital twin allows companies to find a strategy that is both optimal and robust.
  • CEOs are asking teams to reduce costs and be more resilient. These two goals aren’t necessarily in conflict with each other and can be achieved through AI and digital twins.
  • The use of AI in both prescriptive and predictive analytics has shown to:
    • Save an average of 5-10 days of shutdown during planned turnarounds
    • Reduce opex/capex spendings by 14%
    • Reduce operational conflicts by 20%

 

Watch the full keynote speech delivered by Michel Morvan, Co-founder and Executive Chairman at Cosmo Tech, in this replay of his talk at Energy Tech Summit 2020!

Presented by:

Michel Morvan, Co-founder and Executive Chairman, Cosmo Tech

You can watch the recording below: