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Energy Execs Rank Artificial Intelligence as the #1 Technology to Impact Their Organization Over the Next 3 Years - Energy Manager Today
According to the “Accenture Technology Vision for Energy 2019” report, the energy industry continues to play catch up with changing consumer expectations and the pace of digital transformation. Technology companies are larger (as measured by market capitalization) and are looking to disrupt all sectors including energy. Accenture says the energy industry will need to defend itself from these disruptors at a time when it is experiencing diminishing returns (despite widespread cost efficiencies) and increasing investor and activist scrutiny. The report argues that a combination of emerging technologies known as “DARQ”—distributed ledger (blockchain), artificial intelligence (AI), extended reality (XR) and quantum computing—will become the foundation for the industry’s future.
This article is referring to an interesting study on the impact of AI, Blockchain, Extended Reality and Quantum Computing:
Some of the key findings of the Accenture study include:
- 97% of upstream and 92% of downstream executives says the pace of innovation in their organization has accelerated over the past three years due to emerging technologies.
- 76% of upstream and 80% of downstream executives believe DARQ will have a transformational or extensive impact on their organizations over the next three years
- 80% of upstream and 90% of downstream executives are currently experimenting with one or more DARQ technologies
- 76% of upstream and 63% of downstream executives agree their employees are more digitally mature than their organization, resulting in a workforce “waiting” for the organization to catch up
Considering both upstream and downstream executives ranked AI as the #1 DARQ technology to impact their organization over the next three years, What do you think of AI's impact on these items in your sphere of the energy sector: pace of innovation, transformational or extensive impact in your organization?
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