RE:the time is ripe for this company's AI solution...Great article. This is exactly why oil and gas companies will be looking to machine learning and AI to predict failures before they happen. Far too expensive to replace all the infrastructure.
Just need a customer now to validate the revenue model and value of the technology.
"“The entire oil value chain is built of steel and steel begins to corrode the day it is cast. The oil industry never grasped this profound risk as it built a house for oil out of steel”. The thought was steel would last forever but forever was defined by investors as profits and by governments and regulators as secure and immediate supplies of essential hydrocarbon energy. Simmons noted much of the core assets of North America and the world – pipelines, refineries, storage tanks, wellbores - dated back to the big expansion years of the 1950s and 1960s."