Energy sector investments in big data and artificial intelligence have ballooned by a factor of 10 this year, according to a new report
A new report by accountancy firm BDO has found that investments in big data and artificial intelligence by the energy sector have increased by a factor of ten. The average value of mergers and acquisitions involving energy companies and AI startups has went from $500 million in the first quarter of 2017 to $3.5 billion in the second quarter.
The report explains this rise with an increased need for improved analytics to manage intermittent renewable generation.
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