The oil and gas industry is being challenged to adapt and optimize performance in every way possible to maintain profitability.
Artificial intelligence can provide operational optimization that will help oil and gas companies remain competitive while holding down costs and improving productivity. AI can help automate and optimize tasks like scheduling well service, deploying pumpers to the wells that need them the most, evaluating new drill sites, inspecting existing facilities and equipment, and managing assets.
Oil Field in Xinjiang, China (Source: zgsyb.com.cn)
The aerospace industry is increasingly relying on artificial intelligence (AI) technology help improve and automate decision making for its manufacturing and supply chain activities.
Artificial intelligence (AI) is at the heart of new manufacturing innovations across markets. The technology also has an increasing presence in the aerospace industry. According to a new study from Accenture, more than 80% of leading executives in aerospace and defense companies expect to see AI systems working alongside their human employees in the next few years.
Both the FDA and the EU Commission have defined requirements for Unique Device Identification (UDI) for medical devices. A new report from Berkeley CA-based consulting firm Brick42 outlines how RFID-based Surgical Instrument Tracking enable the type of ubiquitous tracking described in the EU and FDA regulations, as well as the rapid return on investment that can be achieved using the technology.
As tag costs have fallen and RFID tag performance has improved both on metal and within the context of harsh sterilization processes, more hospitals are implementing the technology for tracking a variety of medical devices. According to the report, this type of “Internet of Things” (IoT) solution should be first implemented in operations where the value of each item and the lifecycle costs are the highest.
“Sterilization and processing of surgical instruments is a perfect example of this kind of high value system where the return on investment could be exponential, even though, as mentioned above, the challenges of such an implementation are technically daunting,” says report author Tom Brooks.
Deployment in the U.S. of Xerafy Surgical Instrument Tracking solution