Technology advancements have caused a dramatic upheaval in the oil and gas sector in recent years. Artificial intelligence (AI) is one of these advancements that has really changed the game, transforming every facet of the industry from production and exploration to distribution and refining. In this blog article, we will examine the developments, uses, and potential futures of artificial intelligence (AI) in the global markets and oil and gas industry.
According to BCC Research, the global market for AI Technology in the Oil and Gas Sector is estimated to increase from $2.8 billion in 2023 to reach $5.1 billion by 2028, at a compound annual growth rate (CAGR) of 12.9% from 2023 through 2028.