AlphaX and Accenture Discuss Transforming Asset Decision-Making Through AI
Sammy Haroon, CEO of AlphaX Decision Sciences, and Mo Saadat of Accenture presented at SuperDUG 2024's "AI in the Oilfield Workshop" on how artificial intelligence is democratizing asset management across the entire organization.
Core Insight: Everyone's Job is Maximizing Asset Value
The speakers opened by polling the audience—engineers, geologists, asset managers, CFOs, finance teams, operations leaders—demonstrating that regardless of function, everyone shares one fundamental goal: maximize asset value. Each discipline asks different questions, but they all depend on the same critical input: accurate well forecasts.
Business Questions
- What is my updated type curve?
- How should we value this asset?
- What's the optimal development strategy?
Engineering Questions
- Which completion design performs best?
- How will spacing impact performance?
- What's the EUR for this formation?
The Transformation: From Power Users to Domain Experts
Traditional workflows required specialized software training, creating bottlenecks where only "power users" could perform sophisticated analysis. The AI transformation eliminates this barrier.
The shift: Questions about asset valuation, previously accessible only through complex engineering software training, can now be efficiently handled by non-experts with sufficient industry knowledge.
Technical users still attempt more complex workflows, but the baseline capability becomes universally accessible.
Simple Interface, Complex Capability
AlphaX Sky demonstrates how to deliver something very complex that feels very simple. The innovation exists in both:
- AI sophistication: Basin-specific models handling multidimensional forecasting
- User design: Intuitive interface requiring no specialized training
Customers are already using this approach today with measurable results.
Enabling Users
The speakers highlighted a broader industry trend, citing examples from companies like Enverus where AI automation is fundamentally changing work:
AI automates routine tasks →
Frees experts to contribute directly within their field of expertise →
Eliminates the need for users to become software specialists first
"Workflows which were previously the domain of 'power users' only can be carried out instead by people with far less expertise running the software. We think that has the potential to be a game-changer."
Beyond "Failure of Imagination"
The discussion challenged attendees to move beyond traditional constraints in thinking about how AI enables new workflows and organizational capabilities that weren't previously possible.
The Bottom Line
The future of asset management isn't about training more people on complex software—it's about making sophisticated analysis accessible to those who understand the business and geology, regardless of their software expertise.
AlphaX Sky customers are experiencing this transformation firsthand, with asset teams handling 4X workloads while achieving measurably superior outcomes.