Abstract
Andrew Grove (founder CEO Intel) defines strategic inflection points as what happens to a business when a major event alters its fundamentals. The Covid-19 pandemic is one such historic event that is changing fundamental business assumptions in the Oil industry. Companies with a hunter-gatherer mindset will ride this wave with the help of technologies that make their operations lean and efficient. Current developments in AI, specifically around Cognitive Sciences is one such area that will empower the early adopters to a many-fold improvement in engineering and research productivity. This paper explores 'how to augment the human intelligence with insights from engineering literature, leveraging Cognitive AI techniques?'. The key challenge of acquiring knowledge from engineering literature (patents, books, journals, articles, papers etc.) is the sheer volume at which it grows annually (100s of millions existing and new papers growing at 40% year-on-year as per IDC). 6 million+ patents are filed every year, of which a mere 20-40% are relevant to any technology domain. It is humanely impossible to scour, review and take the right decisions by reading them all. This paper describes key cognitive techniques like concept extraction, cause-effect formulation, sentiment analysis, document summarization, topic modeling, automatic metadata extraction etc., that conforms to the analytical methodology used by E&P researchers worldwide. Such techniques can also be applied to legacy internal data of energy companies, empowering digitalization and knowledge management initiatives. Cognitive techniques have been around for a while now (first generic patents from IBM in early 1990s) but have never been applied to the engineering world, until the 2010s when IHS Markit (under entity Invention Machine Corp.) patented and productized this as an engineering research, problem solving and innovation platform. This paper also explores the efficiency gains and values accrued by the researcher community, while using IHS Markit's Cognitive AI platform.