Originally published on September 30, 2019 by Sam Mire on Disruptor Daily.
With all the hype surrounding artificial intelligence, it’s easy for the average observer to overlook the costs and potential downsides to AI implementation in the energy industry. Despite a growing trend of AI adoption, each company must weigh the good with the bad.
These industry professionals pinpointed those challenges to AI adoption. Here’s what they said.
“As with anything new, the primary challenge is that energy companies are slow to adopt and invest time and resources into AI. This is mostly due to a lack of understanding of the full potential AI has to offer. However, we are starting to see this shift as more enterprises leverage AI’s capabilities to directly impact better trading strategies in front office market operations though not nearly fast enough playing catch up with industries like healthcare, finance, education and transportation.” – Jason Kram, Executive Vice President at Adapt2 Solutions
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