McKinsey’s analysis of more than 550 upstream oil and gas AI use cases points to a value opportunity of more than $230 billion per year, but most of it is concentrated in a handful of applications: the top 10 use cases represent roughly 50% of identified value. Two of those use cases are drilling-side applications: Real-time ROP optimization ranks third at $16 billion, while predictive maintenance accounts for $11 billion. (Source: McKinsey & Company – click the image to enlarge)
