Artificial intelligence (AI) mobile application development services are transforming industries across the globe at a breakneck pace. Yet despite over $250 billion of private investment into AI between 2017-2023, only 5% has gone to the energy sector. That is now set to change with the groundbreaking announcement from Abu Dhabi National Oil Company (Adnoc) at this year’s Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC).
Adnoc, in collaboration with Microsoft and leading Emirati AI companies G42 and AIQ, has developed a revolutionary agentic AI system called EnergyAI. This AI-driven platform promises to boost the accuracy of Adnoc’s production forecasts by up to 90% and usher in a new era of efficiency, sustainability, and value creation for Abu Dhabi’s vital energy industry.
So what exactly is agentic AI, and why is Adnoc’s announcement so pivotal? Let’s break it down.
Introducing Agentic AI – The Next Evolution of AI
While most AI mobile application development services focus on creating narrow systems focused on specific tasks, agentic AI takes things to the next level. Agent AI systems are designed to be autonomous, flexible, and able to take independent actions to achieve complex goals.
In other words, agentic AI doesn’t just react to human commands or queries. It can perceive changes in its environment, set its own goals, create plans, take action, and learn from outcomes. This enables remarkably human-like thinking and behavior focused on outcomes rather than processes.
Adnoc’s EnergyAI platform utilizes specialized AI “agents” trained on an array of tasks across its value chain – from seismic data analysis to real-time process monitoring and energy efficiency management. By combining multiple skilled agents into an integrated system, Adnoc aims to create an AI-powered super-brain that optimizes operations across its entire business.
And the results speak for themselves…
Up To 90% More Accurate Production Forecasts
Accurately forecasting oil and gas production levels is crucial yet incredibly difficult. It requires making sense of vast amounts of complex geological, geophysical, and operational data. Even minor forecasting errors can have huge financial implications.
Yet Adnoc’s tests reveal EnergyAI can boost forecasting accuracy by a staggering 90% thanks to its agentic AI’s super-human data processing capabilities. This enables intricately tailored production strategies that balance supply and demand far more precisely.
Driving Efficiency Across The Value Chain
Beyond forecasting, EnergyAI promises transformational gains in efficiency across Adnoc’s entire value chain – from oil exploration to product distribution. Its AI agents continuously analyze data from sensors across wells, pipelines, refineries, ships, and more to identify issues and opportunities.
The agents can then tweak operations in real-time. These compounding marginal gains create enormous potential for reduced costs and increased productivity.
Powering A Sustainable Energy Future
The global energy transition requires a complex balancing act – drastically cutting emissions while still supplying the growing energy needs of an expanding population. AI promises to play a pivotal role in reconciling these competing tensions in a sustainable manner.
As Al Jaber highlighted, transforming systems to deliver “maximum energy with minimal emissions” is essential for providing energy security for future generations. By optimizing production forecasts and driving efficiency gains, Adnoc’s EnergyAI system will help supply vital oil and gas resources in a far cleaner and more targeted manner.
Yet the reality is that scaling AI also risks surging electricity demand and associated emissions. Data centers enabling complex AI systems could account for 0.24% of global electricity demand by 2026. And their expected growth trajectory would require over 300GW of power capacity worldwide by 2040.
Achieving this in a sustainable way will depend on successfully harnessing diverse energy sources – from solar and wind to nuclear and natural gas. It also requires infrastructure development and coordinated policies that promote low-carbon AI systems.
As a leader in both AI and energy, Abu Dhabi is ideally positioned to drive this vital integration while pioneering hybrid AI-human partnerships that benefit rather than endanger our planet.
The Future Is Now
The launch of Adnoc’s revolutionary EnergyAI system built on agentic AI ushers in a new era for the global energy industry. While AI innovation has lagged in the sector until now, Abu Dhabi is determined to drive rapid acceleration.
The future is undoubtedly bright. Adnoc’s announcement demonstrates that Abu Dhabi is in charge of remarkable capabilities for the sustainable energy breakthroughs our world needs. The innovation unfolding there promises to empower the industry to overcome once-intractable challenges while unlocking unprecedented value.
The only question is – who will now follow their lead? Every global energy player should have their eyes glued on Abu Dhabi as the industry’s new AI pioneer. We can also expect a surge in demand for AI-powered mobile application development services. Let’s see what the future holds for the energy industry.
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