Top 4 AI Trends of 2024
Intro As we step into the year 2024, Artificial Intelligence continues to transform industries and our daily lives. From chatbots to AI-automated processes, this technology is rapidly increasing the speed of operations while delivering more specified and data-driven decisions. In this volatile reality, trends and technological innovations emerge faster, reaching a point in which it is hard to keep track of new AI solutions. In this blogpost, we will explore some of the top AI trends to watch for in 2024, discussing how these trends are shaping the future of industries. 1. Increased Processing Capacity Over the [...]
Why AI is becoming a consolidated reality
Intro Artificial intelligence (AI) is a rapidly evolving field with the potential to transform many aspects of our lives. It is already having a significant impact on the job market, creating new jobs and transforming existing ones. Besides that, AI is democratizing innovation, helping people to be more productive and creative. This is leading to a wave of innovation from startups and individuals. However, in order to comprehend AI’s scope, it’s important to consider the fundamental aspects that led to AI’s meteoric rise. AI’s boom Throughout history, society always had the need for technological innovations. Although the [...]
AI Applications in Safety and Risk Management for Oil and Gas
Intro Hazardous environments are inherent to Oil and Gas operations, especially in offshore locations. Their dangerous conditions have constantly put workers and the environment at risk. Besides that, productivity is also threatened by the asset core activities, mainly affected by corrosion-generating processes. This worrying scenario requires an optimized method of risk management. In this sense, AI plays a pivotal role in mitigating risk management concerns, and enhancing maintenance control by constantly monitoring the asset’s health. Despite that, there still are several nuances that contemplate the complexity of risk management in each operation. For this reason, let's delve into the [...]
Unlocking AI’s accuracy and reliability
AI's growth scenario From its early days as a theoretical concept to today's omnipresent reality, AI's journey has been characterized by exponential growth. According to a 2022 IBM research, more than a third of companies (35%) report the use of AI in their business, a four-point increase from 2021. This illustrates a key change in the way we face reality, but different from other technological revolutions: today’s tool learns from its own experience at increasingly higher speed and scale. These tools are programmed to have a human-like thought process. Moreover, they are now a reality in the [...]
Why is AI so crucial for predictive maintenance?
Intro The application of AI to predictive maintenance has emerged as a transformative force in the oil and gas industry. Establishing predictions regarding asset health conditions allowing for a proactive approach to managing corrosion and other anomalies. This way, the industry can mitigate wear and tear impacts while increasing efficiency and safety. The use of AI-powered predictive maintenance can avoid costly unplanned downtime. However, the application of such an innovative solution comes with its uncertainties and challenges. In this blogpost, we will dive into the urgency and the bottlenecks of adopting AI to execute predictive maintenance. . How does [...]
Computer Vision: Understanding its importance to the Industry
Intro Computer vision is one of the subfields of what we know as Artificial Intelligence. Thanks to advances in hardware and computing resources, this technique is widely used today. Computer vision is the ability of machines to "see" and make decisions about what they have seen. In this post, we will talk about the main concepts involving this technology that has been increasingly present in our daily lives. What is Machine Vision The field of study and development of computer vision aims to develop algorithms that are able to process visual data, similar to humans, and transform this [...]
The active role of AI in industries’ future
Artificial intelligence has transformed the world through its application for different purposes around the globe. The recurrent use and interest in this technique have led to several developments that rapidly transformed the industrial operating environment through advances in computational techniques. Since 2020 we can notice an accelerated movement of digitalization driven by digital transformation and concepts previously presented in industry 4.0. The technologies developed in these periods and their fast emergence have provided enough visibility for broad application in complex tasks among production processes and industrial operations. The trend is that, in the coming years, the application [...]
What is a Data Lake?
Since the digital transformation, many data have begun to be gathered in the midst of industrial processes and operations. Technologies such as machine learning, big data, and cloud computing are some of the tools developed in this period in order to handle this data so that it can become useful. Within this scenario, a new concept of storage starts to be discussed. In this text we will address what are the main characteristics, definitions, and benefits of a Data Lake, and what opportunities this concept creates for data scientists who want to extract maximum value from data. What [...]
How smart industries will be
Can you imagine what the industries will be like 10 years from now? The concept of industry of the future or smart industries describes the application of different combinations of modern technologies to create a hyperflexible and self-adaptive operating and manufacturing capability. Smart factories are an opportunity to create new forms of efficiency and flexibility by connecting different processes and information flows. Some technologies are essential to this concept. Let's address the top 3 below. IoT - (Internet of Things) The Internet of Things is the ability of devices to communicate with each other without human [...]
Revolutionizing Industries through Data-Driven Problem Solving: The Role of Artificial Intelligence
Introduction: Artificial intelligence (AI) stands at the forefront of the digital transformation sweeping across industries, offering a powerful tool for optimizing operations through data analysis, pattern recognition, and anomaly identification. In the current landscape, AI is not only a trend but a necessity, with its applications expanding rapidly within various sectors, particularly in industrial processes and operations. The Capabilities of AI Algorithms: AI algorithms play a pivotal role in data-driven decision-making by efficiently extracting, processing, and storing vast amounts of information. Their ability to recognize complex patterns and visually identify anomalies surpasses what can be achieved [...]
