Abu Dhabi: The Abu Dhabi National Oil Company (Adnoc) today hosted senior oil, gas and technology leaders at the inaugural Adnoc Artificial Intelligence (AI) Forum.
According to a statement from Adnoc on Monday, the potential impact of AI on the future course and competitiveness of the oil and gas industry could be dramatic. According to the World Economic Forum, primary savings generated from robotic applications and big data analytics could total $500 billion (Dh1.8 trillion) by 2025.
Dr Sultan Bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO, said: “As we continue our transformation into a more commercially minded, performance driven company, it will be the rapidly evolving power of technologies, like AI, that will enable us to access opportunities never before seen and ensure ADNOC not only thrives in the new energy landscape, but also leads.”
$500bPrimary savings generated from robotic applications and big data analytics by 2025, as per the World Economic Forum.
Held to coincide with the Abu Dhabi International Petroleum Exhibition and Conference (Adipec), one of the world’s leading oil and gas conferences and exhibitions, the forum focused on exploring the possibilities beyond the confines of ‘AI-Today’ to imagine the highly improbable but not actually impossible advancements of tomorrow, along with the capabilities, investments and horizons that will need to be matured if the benefits are to be realised.