Global oil company Shell marked a significant milestone by scaling artificial intelligence predictive maintenance to over 10,000 pieces of equipment using enterprise AI software providing company C3 AI’s technology.
The announcement was recently made by C3 AI, which mentioned that Shell employed its technology to monitor and maintain equipment including upstream, manufacturing, and integrated gas assets across Shell’s global asset base, one of the largest such deployments in the energy industry.
Shell uses C3 AI’s AI predictive maintenance technology to detect equipment degradation and breakdowns before they occur. The technology considerably helps operators take preventative measures and minimize costly unplanned downtime, production delays, and environmental and human safety issues.
Read More: Top 10 AI Project Ideas for Beginners
Additionally, asset integrity, system optimization, production optimization, safety, and sustainability are some of the many application cases Shell is looking into with the C3 AI Suite.
“Monitoring 10,000 pieces of critical equipment with AI-enabled predictive maintenance is an important milestone for Shell — an ambitious target we had set for 2021 and successfully achieved,” said Vice President of Computational Science and Digital Innovation at Shell, Dan Jeavons.
Last year C3 AI also received an award of a $500 million contract from the United States Department of Defense for a five-year Production-Other Transaction Agreement with the DoD.
United States-based enterprise artificial intelligence software developing company C3 AI was founded by Ed Abbo, Patricia House, and Thomas Siebel in 2009. To date, the firm has raised a total funding of $228.5 million over six funding rounds from investors like TPG Growth, Sutter Hill Ventures, Breyer Capital, Pat House, and many more.
CEO of C3 AI, Thomas M. Siebel said, “We are extremely proud to have helped Shell reach this milestone, made possible by the combination of Shell’s extensive operational expertise and C3 AI’s advanced AI software.”
He further added that Shell’s global deployment of AI predictive maintenance is a tremendous success, offering considerable economic, environmental, and human safety benefits, and they look forward to continuing to collaborate with Shell in further growing AI across their organization.