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Machine Learning Can Enhance and Add Jobs

Source: Getty Images.

The growing adoption of machine learning (ML) is creating a vast opportunity to achieve major improvements in operating and financial performance throughout industry and very much so in upstream oil and gas. Yet if change can be unsettling, the perceived change stemming from the spread of ML and its relative, artificial intelligence (AI), can feed alarming predictions about massive job losses and questions of whether there will eventually even be jobs for most of the population.

However, past major transformations such as the industrial revolution and the rise of automotive transportation generated as many jobs as they replaced and ultimately more.

While AI and ML may not exactly fit that template, the replacement of humans is generally a low priority among organizations implementing these technologies, said Ramanan Krishnamoorti, chief energy officer at the University of Houston and moderator of the symposium, “Energy, Artificial Intelligence, & Robotics: The Future of People in Energy,” held there in March.

Certain tasks will undoubtedly be replaced, including some that are highly repetitive and activities where robotics can eliminate unsafe work. But jobs will be improved and new ones created, especially if efficiency gains can translate into stronger economic growth.

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Machine Learning Can Enhance and Add Jobs

Joel Parshall, JPT Features Editor

01 July 2018

Volume: 70 | Issue: 7

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