Shell Expands Collaboration With C3 AI For Predictive Maintenance
Portfolio Pulse from Nabaparna Bhattacharya
Shell PLC (NYSE:SHEL) has expanded its collaboration with C3.Ai, Inc. (NYSE:AI) for predictive maintenance of control valves and critical equipment. The partnership allows Shell to allocate its engineers and data scientists to developing applications. The companies have been collaborating for five years. Shell has developed advanced models and application functionalities that anticipate maintenance needs. The partnership will also refine and streamline the offerings showcased in the Open AI Energy Initiative (OAI Energy) marketplace.
October 11, 2023 | 6:48 pm
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POSITIVE IMPACT
C3 AI's expanded collaboration with Shell could lead to increased business and revenue from the predictive maintenance services provided.
The expanded collaboration with Shell provides C3 AI with a significant client for its predictive maintenance services. This could lead to increased business and revenue for C3 AI.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Shell's expanded collaboration with C3 AI for predictive maintenance could lead to increased operational efficiency and cost reduction.
The expanded collaboration with C3 AI allows Shell to leverage AI for predictive maintenance, potentially leading to increased operational efficiency and cost reduction. This could positively impact Shell's financial performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100