Posted on May 7 at 5:37pm
In this article I will share some tips for preparing wisely for the amazing algorithms AI has to offer. In the past decades Oil & Gas companies have been collecting enormous amounts of data. Unfortunately not all of the data that was collected has been useful. In some of the AI algorithms the goal is to learn from past data to make better decisions in the future, such as buying the right assets for production and using the right equipment. When I relate to learning, I relate to similar learning processes that people have. When facing a problem, we are trying to make sense from the information we already have about the problem to solve similar problems in the future.
I will show now a simple example that will help you understand what lack of good information can cause. Imagine that a new math operation marked as @ is shown to you with the following information.
Now you are asked to solve the next problem
Based on this data you can think about a couple of options
Now if I add more information such as 3@2 = 9, we can be sure that @ is not * and it is more likely to be ^.
Imagine that you would only have the data that was first represented and you would have decided to use @ as * you would make a lot of wrong answers/decisions in the future. The same thing can happen in every kind of problem when significant data is missing.
Now I will conclude with some significant tips that will help you collect better data for learning algorithms, but I’m sure you understand the point from what you read until now:
Data is very crucial to making AI, collecting better and cleaner data should always be one of your main focuses regrading AI. Collecting good data is most likely to be more important that the algorithm that is used to make better decisions. If the data is bad no algorithm could make it good. Remember more data doesn’t necessarily mean better data. Leave a message here for any information about our AI tools or any ideas.
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Roi Shabshin is a co-founder of Unsist, a Calgary-based technology company that provides optimization products and services to the Oil & Gas industry through innovation and artificial intelligence expertise.