Applications of Artificial Intelligence (AI) and Machine Learning (ML) in the Petroleum Industry

Today, raw data on any industry is widely available. With the help of artificial intelligence and machine learning, this data can be used to gain meaningful insights. In addition, as data is the new raw material for today's world, artificial intelligence and machine learning will be applied in every industrial sector. Industry 4.0 mainly focuses on the automation of things. From that perspective, the oil and gas industry is one of the largest industries in terms of economy and energy.