SOCAR, Arthur D. Little explore AI implementation in industry

The State Oil Company of Azerbaijan (SOCAR) and Arthur D. Little have exchanged views on the implementation of artificial intelligence (AI) technologies in industry and the development of renewable energy sources, Report informs, referring to the SOCAR.

These discussions took place during a meeting between SOCAR's President Rovshan Najaf and Michael Kruse, Managing Partner at Arthur D. Little and global leader of the firm's Energy & Utilities practice..

During the meeting, information was provided about SOCAR's diversified activities in the energy sector and strategic projects implemented in Azerbaijan and foreign countries.

Innovative management models in the energy industry, optimization of operations, and various experiences in increasing competitiveness were reviewed.

During the conversation, the parties exchanged views on energy transition, digitalization, application of artificial intelligence technologies in industry, development of renewable energy sources, and other issues of mutual interest.