This is a tieback to the last 2 posts and presents a TIG perspective.

Oil & Gas IQ Operational Excellence (Nov 7 2024) - AI Ethics & Bias for Business [1]

Commercial Alignment: During the breakout group discussions, participants from tech and finance sectors of a major industry player deliberated and summarized a crucial insight: we want AI to perform the roles traditionally handled by consultants—analyzing data, reporting findings, and making strategic recommendations. This realization highlights a significant headwind for consultants and advisors as AI innovation advances.

Implications: Notably absent from this operation-focused event were geoscientists. This absence underscores a critical gap. Imagine the boardroom discussions among the CEO, Chief AI Officer, and CFO without a unified definition of AI value. Each company must bridge this chasm to define AI’s true value proposition. Without alignment, outcomes can be unpredictable and volatile.

AI Subsurface Energy (Dec 10-11 2024) [2] - Current State of Data Bowl: The industry faces an overwhelming volume of data growing exponentially by the month, more than we currently know how to manage effectively. Wrangling this data requires careful planning to avoid a daunting and strenuous effort -- or risk disappointment down the road.

Insight: "After all, for a human, it’s enough to observe just a couple of examples to learn something new [3]," as geologist Wallace Pratt famously noted, "Oil is first found in the mind of men," (AAPG Bulletin, 1952) “and women (interview 1976).” Geologists often extrapolate from one well to field-scale development by synthesizing multi-domain information through cross collaboration and drawing analogs from similar geological plays across multi-dimension geography (time and space).

Observation: It’s the value of data that matters most, not merely its volume, variety, veracity, or velocity. Value can evolve, just as business objectives shift over time. AI can play a pivotal role by analyzing, summarizing, and recommending actions. Just as what we heard from the Oil & Gas IQ's operation excellence breakout group.

At TIG, we serve food for thought over the Holidays and invite all to chime in 2025!

Reference:

[1] https://www.oilandgasiq.c...ents-opexinoilandgas
[2] https://broken.aapg.donfick.com/care...icleid/67704#program
[3] https://venturebeat.com/a...-data-for-ai-models/