Companies in the oil & gas sector face a harder path to decarbonisation that other organisations in the Middle East. According to research from Strategic Gears, artificial intelligence could be key to solving this – improving efficiency and reducing emissions, while opening opportunities to scale new clean energy offerings.
While it is more difficult for oil and gas companies to transition their operations away from carbon emissions, those who delay their efforts will be poorly positioned to thrive in the post-carbon energy marketplace. This is especially the case across the Middle East, where many of the region’s leading economies are looking to wean their economies from oil dependency.
In response, major players like Saudi Aramco, BP and Royal Dutch Shell have set carbon-reduction goals, pledging to reach net-zero carbon emissions by 2050.
But realising this goal is all easier said than done. Fortunately, the digital revolution of the last decade is opening up new opportunities to execute (and speed up) the energy transition – and according to management consulting firm Strategic Gears, artificial intelligence can be particularly helpful, in three key ways.
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