Last week, Quantum Capital Group hosted Darcy Partners’s AI Working Group - a dynamic forum with leaders from operators responsible for 10% of global Oil & Gas production. The room buzzed with insights on how GenAI is reshaping our sector.
Our co-president, Charles Baillie, set an inspiring tone by outlining his vision for AI-driven change. He underscored the strategic edge of proprietary data and how AI is transforming decision-making across the energy landscape—even as we recognize more work lies ahead.
Key themes from our discussion included:
? Cost & Investment: Operators are set to significantly increase their GenAI budgets. With guidance from our Internal AI Steering Committee and early successes from the chatbot use cases demonstrated in our working group, we are driving broad adoption of our GenAI platform, Quantum IQ. Keeping costs low while focusing on adoption is crucial to our agile and cost-effective strategy as we expand.
? Increase contextual understanding: Participants explored innovative ways to digitize physical documents and connect fragmented datasets by employing approaches such as Retrieval Augmented Generation, Text-to-SQL, and Agents. Recognizing that this is the future, we are leveraging these tools in several use cases within Quantum. This strategy not only simplifies data accessibility for business users but also helps reduce the cost of a question.
? Training & Collaboration: The working group underscored the importance of training and alliance with business/domain experts in unlocking the full potential of GenAI. While GenAI doesn't yet have a killer use case, its potential to transform the way we work is undeniable. At Quantum and among its portfolio companies, consistent adoption, training, and day-to-day use of GenAI tools are vital to delivering tangible business value.
? Future Impact & Demand:?At Quantum, we remain bullish on AI’s potential. We believe it will positively impact energy landscape, boost operational efficiency and safety, and drive the energy demand requirements for both training and inference.
A huge thanks to everyone who participated in this forward-thinking dialogue. At Quantum Capital Group, we’re dedicated to innovation, nurturing partnerships, and shaping the future of technology in energy.
About Darcy Partners:
Darcy Partners (https://darcypartners.com/) exists to help the energy industry solve its toughest?technology?challenges. Customers use Darcy’s software platform and research services to identify, vet, and deploy new technologies and to collaborate with industry peers on vital engineering and innovation challenges. Darcy supports over 100 corporate members in the energy, utilities, industrials, and private equity industries.
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