An Explanation of Explainability: The Missing Piece of the Adoption Puzzle
03 May 2018
This report from Tudor, Pickering, Holt & Co. highlights Ambyint as a key company ‘diffusing innovation’ within the energy technology sector. The report focuses on the level of ‘explainability’ needed to facilitate the widespread adoption of certain innovations, asserting that in the context of technology, it is more or less about trust. It begs the question, “Can I trust this product enough to adopt it into or replace an existing process?”
About Tudor, Pickering, Holt & Co.
Tudor, Pickering, Holt & Co. is an integrated investment and merchant bank providing high-quality advice and services to the energy industry. The company offers sales and trading, and research coverage on approximately 130 issuers worldwide. The firm’s investment management complex has more than $1.4 billion AUM dedicated to the energy space. Headquartered in Houston, Texas, TPH also has offices in Calgary, Denver, London and New York.
Ambyint is building the “self-driving car” for oil wells. Our core mission is to add visibility and, ultimately, autonomy to every well in every field, regardless of its location or current communications system. We are working with customers to enable their wells to run more efficiently, without the need for operators to drive out to every well every day.
Our team is leveraging best-in-class technology tools like artificial intelligence, machine learning, and IoT devices, in combination with physics-based analytics, deep domain expertise, and a massive proprietary data lake of nearly 50 terabytes (equivalent to 100 million operating hours). We create value for our customers by increasing production, reducing labor costs, and reducing maintenance costs. Ultimately, our service package can deliver production improvements of up to 10% and operational expenditure savings of up to 20%. To learn more, please visit www.ambyint.com.