Take your pick of alarmist projections about the future of the global economy from top tech leaders. Monzo’s founder, Tom Blomfield, reckons unemployment will surge over the next five years as more and more human output is replaced by AI. Elon Musk reckons it will be near 100 per cent in a decade. But projections are one thing.
What is actually happening on the ground right now? I’ve been sent some fascinating data on AI spend by Capital on Tap, one of the UK’s biggest SME lenders. The firm tracks spending patterns among…
Technology Context
Technological innovation continues to reshape upstream, midstream, and downstream operations across the oil and gas industry. Digital oilfield technologies — including advanced sensors, machine learning-driven production optimization, and predictive maintenance systems — are delivering measurable efficiency gains.
Artificial intelligence and data analytics are being deployed across the industry value chain to optimize drilling programs, improve reservoir characterization, reduce unplanned downtime, and enhance supply chain management.
What to Watch
The industry will be watching adoption rates, pilot program results, and capital allocation trends as companies evaluate the return on investment from emerging technology deployments across their operations.
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