Here's how you can enhance your services as an Oil and Gas industry consultant using technology.

Predictive analytics and cased based reasoning have been around for many years. Precursors to AI. AI will enhance efficiencies and decision making of engineering firms. It will not replace the need of a human. Some roles may change but the need for knowledgeable engineers will not.

The role of the consulting business will be polished with the use of digital twins while approaching industry challenges. Especially Gen AI enables the use of natural language to interact with current data. This is why big oil have inhouse AI specialists and still outsource their AI game. This isn't just about efficiency; it's about foreseeing issues before they become costly problems. Consultants can offer clients precise insights as per their expertise. This proactive strategy sharpens decision-making of the client. It can also spark innovation in operational tactics. Furthermore, digital twins enable remote collaboration and training, making expertise accessible without physical limits.

Remote collaboration has been around for nearly decades. It had a large adoption chasm. Not untypical for O&G advancements and technologies. In recent years you have seen that gap close dramatically with remote operations and operating centers. Covid may have been the nudge some technology followers needed to make the move.

When we talk about technology usage for oil and gas consulting first ones to come in mind are usually the specialized software tools (model building, interpretation, you name it). I would like to emphasize on using ai tools to increase personal productivity and reduce time required to plan communications, schedule meetings with customer, prepare presentations, reports and communication emails. AI agents can be a great help for that and leave more time to more complex advisors work.

It is appropriate to discuss the role of technology from the moment data and information began to be regarded as commodities. With the advancement of technology, we have observed significant progress in both physical ship tracking software and modeling. It is evident that systematic thinking has become prominent, and data-dependent reasoning has become mainstream. Geopolitical risks, which can act as black swan events in any algorithm, should not be overlooked. The world is highly interconnected, and no entity can advance independently without considering the broader context. This interdependence underscores the importance of relying on data to create possible scenarios and inform decision-making.