AI is the X factor for performance and sustainability in energy production
BY Rakesh Jaggi3 minute read The Fast Company Impact Council is a private membership community of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual membership dues for access to peer learning and thought leadership opportunities, events and more. AI and energy are two of the most critical forces shaping the future of our planet—and their relationship is impossible to ignore today. From the significant power consumption of data centers to the growing energy requirements of AI-driven applications, the rapid adoption of AI is driving a surge in global energy demand that is outpacing the growth of renewable energy sources. This presents a crucial challenge: How to balance the environmental impact of this technology with the transformative potential it holds? The solution is more AI. Transform the environmental impact of energy production As I explored in my recent article, technologies like cloud, edge computing, and AI are reducing the carbon intensity of oil and gas production today while helping to advance the new energy systems of tomorrow. For example, consider the parallels between data intelligence for energy operations and autonomous vehicles. Much like how self-driving cars interpret real-time data about other drivers and traffic conditions to make decisions, AI-enabled devices in the oil field interpret data from wells and facilities in the network to take proactive and autonomous actions. This ensures that operations stay in the "sweet spot," unlocking significant productivity gains while reducing costs and carbon emissions. This is only the beginning. Soon, AI will enable optimization throughout the entire…