We invite you to watch our Webcast Replay, entitled “Increase Gas Lift Production with Artificial Intelligence,” as Dr. Venkat Putcha, Senior Data Scientist at OspreyData chats with Richard Wuest of OspreyData’s executive team about the state of Gas Lift Optimization and exciting opportunities emerging as Machine Learning solutions are introduced
There are many terms and definitions thrown around in the AI and ML space that it can be confusing even to trained data scientists. We have used many of these terms around our website. It may be helpful to define these terms to ensure we’re clear on all of the
In a previous webcast, OspreyData’s lead data scientist Dr. Venkat Putcha and Vice President of Operations Tim Burke spoke about the “Top 3 Problems AI Solves in Artificial Lift Production”. (Access a webcast replay of this here.) These problems are faced by most if not all organizations producing oil and gas
A major challenge has been to foster cooperation between two groups with such different skills and backgrounds, O&G operation and data science. Failure of many projects is due to failure of collaboration of these groups to understand one another to achieve shared objectives. Data science often thinks models can be
In AI/ML, a model replicates a decision process to enable automation and understanding. AI/ML models are mathematical algorithms that are “trained” using data and human expert input to replicate a decision an expert would make when provided that same information. Ideally, the model should also reveal the rationale behind its
The impact of Artificial Intelligence on an organization is an important topic when considering machine learning. In a previous blog entitled, What Artificial Intelligence in Oil and Gas Brings to Production, we discussed a summary of key solutions that AI can target for problems facing most oil and gas organizations
Artificial Intelligence in Oil and Gas is becoming a very popular topic. MIT’s Sloan School of Management’s article, “Reshaping Business with Artificial Intelligence,” recently found that that 85% of corporate executives surveyed believe that AI will help their businesses gain or sustain competitive advantages. What might that look like for
