Focus On AI

How AI Is Helping Industry With Complex Decisions

How AI Is Helping Industry With Complex Decisions
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BP, like other oil companies, was plagued by extreme sanding, which gums up the works during deep water drilling. About one-third of its wells are impacted. It took one scientist three decades to figure out how to predict which wells might be susceptible but he and his team could only visit only 15 a year and Shell has over 13,000. Beyond Limits, which leverages 45 technologies from Caltech’s Jet Propulsion Lab used in the U.S. space program and converts them into advanced AI, found an efficient way for BP to locate reservoirs that are less prone to extreme sanding, allowing greater precision in drilling and providing the company with more data about how much oil is flowing into its wells. The solution helped BP, which decided to become a major investor in the startup, to produce thousands more barrels of oil per day. Now Beyond Limits is applying its hybrid form of AI, which is designed to apply human-like reasoning to solve complex problems, to other industries, including financial services and healthcare. Earlier this month it teamed with medical experts to create a dynamic forecasting model to help in the fight against COVID-19.

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About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.