McKinsey – Gen AI in Energy and Materials

Generative AI, or gen AI, is a cutting-edge form of artificial intelligence that is gaining attention in the energy and materials sector for its ability to create additional value from existing AI and analytics tools. Many companies in these sectors are beginning to explore innovative ways to adopt gen AI, potentially unlocking billions of dollars in value in the coming years. Gen AI has the potential to accelerate growth, reduce costs, and add intelligence to data, making decision-making more efficient. In sectors like mining, oil and gas, chemicals, agriculture, power, and materials, gen AI is being used to streamline processes, empower workers with new knowledge and capabilities, and drive innovation. Leaders in the energy and materials sector are encouraged to seriously consider the potential of gen AI as a tool to enhance their data analysis, automation, and innovation efforts.