Big Data’s influence has been pervasive and transformative across various sectors in recent years, with the Oil & Gas industry at the forefront. The intersection of evolving data recording technologies and the demand for optimized exploration and production operations has amplified Big Data’s significance within this sector. Its broad scope of application, from reducing drilling …
The current debate was triggered by an open letter initiated on 22nd March 2023 by The Future of Life Institute, an independent non-profit organization (https://futureoflife.org). The letter sought support for their call: “We call on all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than GPT-4.” …
The Digital Infrastructure In The Sky: The ‘new space’ that we call it, has brought benefits to many industries, including meteorology, energy, telecommunications, insurance, transport, maritime, aviation, and urban development, besides helping in the fight against climate change. – Satellite imagery allows farmers to monitor crops, businesses to track their environmental, social, and governance performance, …
To borrow from the observation(s) from a WEF paper (2021), the digital revolution and the energy transition have jointly transformed the oil and gas industry’s decades-old business model in just a few short years. Today, companies control physical energy assets by linking operational technology with information technology networks that leverage big data, artificial intelligence, and automation.
A large portion of the existing systems in oil & gas industry – exploration, production, and supply chain and logistics operations – are centralized, manual, and disintegrated, making them vulnerable to manipulation and single point of failure. Blockchain technology offers practical solutions in providing traceability, immutability, operational transparency, audit, security, and trusted provenance features.
Digitalisation is expected to have profound (‘transformative’) effects on the economy, society, and politics as well as on the planet itself.
This includes the production, use and disposal of hardware (Information and Communication Technologies equipment, data centres, data transmission networks) as well as of software, digital technologies, and applications – ranging from robotics, the Internet of Things (IoT), via distributed ledger technologies such as blockchain, to Artificial Intelligence (AI).
Last year, President Biden signed the Executive order to support the nation’s cybersecurity and protect critical infrastructure. Here’s some key highlights about this executive order and the crucial updates that you need to know about it.
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