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TECH BUYER Apr 2019 - IDC Perspective - Doc # US45020419

Operational AI in Asset-Oriented Value Chain and Energy Industries

By: Kevin ProutyGroup Vice President, Energy and Manufacturing Insights

Abstract

This IDC Perspective looks at the advancements in Internet of Things (IoT), cognitive technologies, and data management that have driven the application of AI in the transformation of operations in AOVC and energy industries. Operational AI is delivering significant results for companies that have the capability and have the right partner. But operational AI requires engineering and data science support from both the user and the customer. It also requires a good data management plan and data governance model. For those who invest the resources and commit to managing the data, large returns are there.

"In less than five years, I expect AI development will be a critical component of every engineering group's toolkit. Companies that try to avoid the effort of implementing advanced analytics and AI capabilities will finds themselves well behind their peers in operational transformation," says Kevin Prouty, group VP, IDC's Manufacturing Insights and Energy Insights.


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