|
LONDON—Shell is speeding up its use of artificial intelligence in a range of projects that include geologic exploration, equipment monitoring and vetting executive decisions.
The oil giant has used various forms of AI for years but new models are bringing big change, said Chief Executive Wael Sawan, speaking Wednesday at the WSJ CEO Council Summit.
“We fundamentally believe we need to move at a different clock speed than we have historically,” he said. “Every team is coming up with their strategy to be able to do that.”
That includes Shell’s C-suite executives, who are going through AI training and turning the technology on their own decisions.
One project measures “decision quality,” Sawan said. AI tools look at the track records of Shell’s investments, including returns and risk profiles. The idea is to “red team” potential investment opportunities, he said, referring to a concept in cybersecurity where outsiders test the strength of defenses for what could go wrong.
“We don’t want that capability to sit only with our IT folks,” he said.
— Kim S. Nash
|