KPMG generative AI survey report: Energy, natural resources and chemicals

With the advent of generative AI, executives in the energy, natural resources and chemicals (ENRC) industries see opportunities to improve virtually every facet of their businesses.

Energy executives envision generative AI automating routine tasks and decision-making processes, predicting when and where their plants and pipelines will need maintenance, and helping with exploration and development of natural resources. But they aren’t particularly confident it will help their organizations grow revenue or gain market share, suggesting some view the technology less as a tool for outpacing competitors and more as a way to keep up with them.

This ENRC-specific report features insights from KPMG about emerging use cases for generative AI and challenges to adopting it. It also offers practical tips to get started with deploying generative AI, which allows even non-technical users to quickly and easily generate content and insights based on natural language prompts.