Analyst Expects: The Artificial Intelligence (AI) in Oil & Gas Market to Grow at a CAGR of +12% by 2023 – Report Studied with Competitive Strategies, Technological Advancements and Regional Outlook
Artificial Intelligence (AI) in Oil & Gas market, by function, is segmented into predictive maintenance and machinery inspection, material movement, production planning, field services, quality control, and reclamation. Preventive maintenance is the largest and one of the fastest growing segment in AI in the Oil & Gas market. Predictive maintenance aids in addressing costly downturn, by predicting maintenance schedules for equipment to prevent the possibility of equipment failures and, thus, save millions of dollars. The growth will be mainly driven...
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