AI has long been used in the industry to analyze vast amounts of subsurface data, enabling companies to increase the amount of oil or gas that can be recovered. However, its impact extends far beyond that. AI is also being utilized to reduce the demand for fossil fuels by transforming the transportation industry. By optimizing routes, predicting maintenance needs, and improving fuel efficiency, AI is helping to make transportation more sustainable and environmentally friendly.
Furthermore, AI is being employed throughout the energy value chain to reduce costs and improve productivity. By automating complex tasks, AI systems can enhance operational efficiency and reduce the risk of accidents. For example, AI-powered predictive maintenance systems can identify potential equipment failures before they occur, allowing for timely repairs and minimizing downtime.
One notable development in the AI space is SAP's cloud enterprise portfolio, which includes a natural-language, generative AI copilot called "Joule." While not specifically designed for the oil, gas, and energy industry, Joule can analyze data from multiple systems and provide proactive and contextualized insights. This technology has the potential to benefit the industry by improving decision-making and driving operational excellence.
I recently had the pleasure of attending an Americas SAP Users Group (ASUG) event in Dallas, Texas, and while there, met with three AI startups that all are SAP partners and have a promising future in driving the energy transition in the oil, gas, and energy sector
Evolution Energie, a promising startup in the energy sector, is making waves with its innovative solutions. With a focus on sustainable energy production and consumption, the company is revolutionizing the way we power our lives. By harnessing the potential of renewable sources, Evolution Energie is paving the way for a greener and more sustainable future. Their cutting-edge technologies and forward-thinking approach have garnered attention from investors and industry experts alike. As the demand for clean energy continues to rise, Evolution Energie is well-positioned to lead the charge in transforming the energy landscape. With their commitment to innovation and sustainability, this startup is poised to make a significant impact in the years to come. Their lighthouse solution is “Flexinergy”, which is an energy profitability and sustainability software solution used by some impressive major energy players, including TotalEnergies.
shyftplan is changing the way businesses manage their workforce. This innovative startup offers a comprehensive solution for shift planning, time tracking, and employee communication. With its user-friendly interface and powerful features, shyftplan streamlines the scheduling process, allowing businesses to save time and reduce administrative overhead. The platform also enables employees to easily view their schedules, request time off, and communicate with their team, fostering a more collaborative and efficient work environment. Whether a small business or a large enterprise, shyftplan provides the tools needed to optimize workforce management. shyftplan has one major energy company who reduced managers’ efforts for shift scheduling by 60-80%. shyftplan is available on the SAP Store.
Everstream Analytics is an exciting new startup that is revolutionizing the way businesses analyze and understand their data. With their advanced artificial intelligence technology, Everstream Analytics enables companies to gain valuable insights and make data-driven decisions with ease. Their platform offers powerful data visualization tools, predictive analytics, and machine learning capabilities, all designed to help businesses unlock the full potential of their data. Whether it's optimizing operations, identifying customer trends, or predicting market behavior, Everstream Analytics empowers organizations to stay ahead of the competition by providing risk intelligence from a data layer that includes weather, pending strikes, etc., not typically considered when making supply chain decisions.
Sustainable energy transition is transforming the oil, gas, and energy industry, and artificial intelligence will be a key driver in areas such as improving energy efficiency, generating perfect work schedules with ease, and providing risk intelligence to traditional supply chain decision making. The adoption of AI technologies holds immense potential to increase efficiency, reduce costs, and pave the way towards a sustainable and greener future.
