Saturday, September 30, 2023

Repsol builds the first Generative Artificial Intelligence competence center in the European energy sector

Repsol strengthens its leadership in the application of generative artificial intelligence (AI) in its operations with the launch of a competence center in this area. This centre, the first in the energy sector in Europe, will explore the new development and application possibilities offered by artificial intelligence to accelerate the company’s transformation and achieve its target of net zero emissions by 2050.

With this initiative, the multi-energy company will analyze new possibilities for the development and application of artificial intelligence that will help accelerate the transformation that is taking place in the midst of the energy transition.

The main objective of this center is to identify and implement use cases in which these new models allow Repsol’s business areas to generate value and accelerate their digital transformation; Allow employees to explore how these tools will generate new ways of working that will make their day to day easier; And finally, capture the improvements in terms of productivity that its application can bring to the development of technological and digital solutions.

For this, it will promote the use of the most disruptive technologies in the field of artificial intelligence, such as large language models or those that allow the generation of images, videos, audios or codes, among others.

This AI Competence Center is attended by more than 50 company professionals, who share their extensive experience in the energy sector and various digital technologies through multidisciplinary teams. Among them are highly diverse professional profiles from different Repsol business sectors: cyber security specialists, people and organization technicians, legal, audit or compliance sectors, and people with a high level of expertise in AI, where data scientists dominate. and Data Engineer.

For Director General of Energy Transitions, Technology, Institutional and Repsol’s Deputy CEO, Luis Cabra, “Having its own Artificial Intelligence Competence Center is another step in Repsol’s digitization, one of the company’s strategic and transformational axes ahead of its aim to be zero net emissions in 2050”. “This center will contribute to furthering our sustainability and efficiency objectives, in addition to helping our team of professionals. On our digital path, it is essential that no one is left behind and I am confident that digitization and technology allow us to leverage their advantages and be more competitive”, he assured.

For his part, Juan José Casado, Chief Digital Officer and Chief Data Officer of Repsol, highlighted: “We are convinced that new advances in the development of generative AI represent an unprecedented potential to transform the productive capacity of companies and its employees. Repsol We want to lead the application of these technologies in the energy sector and that is why we have decided to create an AI Competence Centre.”

Repsol is fully aware of the great transformative potential and disruptive nature of these technologies and they are debating the most appropriate way to deploy them. For this reason, a multidisciplinary working group has been created in the Competence Center whose mission will be to guarantee the responsible use of AI, ensuring security and regulatory compliance at all times.

Repsol and Generic AI

The multi-energy company is already exploring different applications of generative AI in processes in which it can deliver different value to both the company and the people. Working groups have been organized in which employees have proposed over 250 use cases in which this technology can make their day-to-day work easier.

It includes tasks as diverse as facilitating access to information for decision-making, managing and creating documentation, creating multimedia content, developing intelligent assistants or generating code for the development of technical solutions, among others.

In just a few weeks, Repsol will celebrate the eighth edition of HackIA, its AI case accelerator, which puts both internal talent and partners and collaborators to compete in a short amount of time, to achieve viable solutions for real business cases. On this occasion, the initiative will specifically focus on Generative AI.

Repsol’s “second wave” of digitization

For Repsol, digitization is a key vector in its strategic plan and a very relevant element to the entire transformation process that its business sectors are undertaking to address the challenges of the energy transition, in addition to contributing to decarbonization and a Company being more efficient and sustainable.

World Nation News Desk
World Nation News Desk
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news