New Enverus AI tech will search and simplify years of research

OFS Operations | February 20, 2024 10:49 PM - a year ago

by: Joseph Gyure

Building on nearly 30 years of AI software implementation experience, Enverus introduced Instant Analyst technology to its product portfolio. With Enverus Instant Analyst, users can simply type in questions such as, “Can you summarize critical KPIs of the Exxon-Pioneer deal?” or “Which counties in Texas have the best solar development potential and why?” and get concise answers pulled from decades of proprietary research. Instant Analyst not only searches and summarizes a curated collection of documents, but also supplies links to source documents containing the research supporting the answer.

“Enverus began the use of artificial intelligence technology in the 1990s when it deployed neural networks to accurately predict loads on electric power grids in the U.S. and Canada,” CEO Jeff Hughes said. “Our long experience with artificial intelligence since then has positioned us well over time. In recent years, we have built dozens more AI-powered products to become the clear market leader we are today. Our introduction of the Instant Analyst takes us to new heights of leveraging AI to help our customers in all parts of the global energy mix.”

Instant Analyst offers specific document citations in the summarized answers, enhancing analytical transparency, assuring quality and building trust in the answers. The source documents come from the tens of thousands housed within the Enverus Intelligence Vault and contain analytics delivered by Enverus Prism. Generative AI technologies from Amazon Web Services, including Amazon Bedrock, help Enverus analyze vast data streams to provide real-time decision-making.

Instant Analyst is available today in the Enverus Intelligence Vault on a trial basis for a select group of Enverus customers with access to Enverus Intelligence. Access will grow rapidly in the weeks and months ahead.

Instant Analyst technology will also be deployed across Enverus’ SaaS products. Soon to come will be automation features that make rapid analysis in applications such as Prism more powerful than ever before—and not just with Enverus data.

Together with Enverus Fusion technology, Instant Analyst will enable customers to get insights from their own data at previously impossible speeds. Utilizing trusted Enverus SaaS applications instead of other generative AI tools will also mean that customer inquiries do not publicly expose crucial proprietary information.

“It’s very important that we not only continue to empower our customers but that we remain vigilant in our efforts to protect them as well,” Enverus chief technology officer Mark Szygenda said. “Customers want to get the benefits of using generative AI technology to accelerate their businesses, but they can’t afford to rely on false knowledge or—even worse—leak their proprietary information or business plans. We believe we’ve built the technology that empowers them without adding new risks to their business.”

Enverus Intelligence® | Publications offers valuable content like this, providing detailed summaries that cut through the noise and repetition found elsewhere. Our experienced writers add insights and analysis, leveraging their deep understanding of the energy industry to help you stay ahead of the curve. To find out more about this offering, contact businessdevelopment@enverus.com

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OFS

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Emerging Technology

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Canada, United States

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AI, Enverus

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