TECH SUPPLIER Nov 2019 - IDC Survey Spotlight - Doc # EUR145643519

What Holds Back O&G and Utility Companies from Implementing AI?

By: Gaurav VermaResearch Manager, IDC Energy Insights

Abstract

This IDC Survey Spotlight analyzes the top drivers and obstacles that energy executives are encountering in launching artificial intelligence (AI) use cases. This report highlights that AI technology offers multiple appealing benefits, especially to make every byte of data count in the business decision-making process. However, many energy organizations are unable to meet execution challenges.

This document is based on data from IDC's 2019 Global AI Survey for oil and gas (O&G) and utility companies in Europe.

"Energy firms that have opted a co-development strategy for AI use cases — with active participation from ideation to proof of concept to implementation — will likely avoid common issues of immaturity in their AI models," said Gaurav Verma, research manager, IDC Energy Insights.


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