AI moves into middle office at energy firms

Energy firms explore how artificial intelligence can boost returns

The use of artificial intelligence (AI) in energy IT has picked up the pace in recent years and is now moving beyond back-office automation towards projects that generate useful information for the middle and front offices, say energy IT executives.

The technology – which includes machine learning, the use of algorithms and other forms of automation – has huge potential benefits for front- and middle-office activities as it can parse vast swathes of data, picking out information at great speed.