Automation Anywhere, a leading enterprise automation software provider, has used its generative AI technology to save Petrobras, the Brazilian multinational petroleum corporation, a massive $120 million in just three weeks. The technology, which mimics human intelligence, was used to automate the corporation’s complex oil and gas production sharing calculation processes.
Petrobras’ previous calculation system was manual and time-consuming, leading to significant delays and potential fines. Automation Anywhere’s AI solution, however, delivered accurate results in a fraction of the time. The technology used is part of Automation Anywhere’s IQ Bot, a cognitive automation tool that uses machine learning to understand unstructured data.
The successful implementation of the AI technology has led to a significant reduction in Petrobras’ operational costs. The corporation is now looking to expand its use of automation in other areas of its business. The success of Automation Anywhere’s technology demonstrates the potential of AI to revolutionise business processes, particularly in industries that rely heavily on complex calculations and data analysis.
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