The oil crisis in recent years has pressurized petrol stations and associated service providers to improve efficiency and effectiveness. The accidents caused by human error and other technical incompetence lead to fatalities and environmental pollution. This paper analyses the role of Artificial Intelligence (AI) and Machine Learning (ML) in reducing the risk by various factors at retail oil and gas filling stations. The use of technology can help retail outlets in the oil and gas industry to reduce risks. This survey explores how to reduce workplace hazards at oil and gas filling stations to reduce fatalities, injuries, and other adverse health outcomes, which may be due to inhalation of toxic fumes, fire accidents, electrostatic charges, or any other artificial or natural reasons. Moreover, this review is done on how AI and ML can be used to reduce electrostatic discharges at the nozzles along with the automated replacement of human resources in hazardous situations. Therefore, the purpose includes the exploration of AI and ML technology to enhance safety at petrol and gas stations. This paper is a literature review of the articles published at different times.
Purpose: The petroleum industry is one of the India's core industries, and it has a significant impact on decision-making in the critical sectors of the India’s economy. Oil and Natural Gas Industries occupies the core in the world’s energy market. These enterprises assumes a significant part in each nation's economy and monetary development of India is firmly connected with its energy interest. Investment in this industry is continuously increasing as the energy demand is also continuously increasing in India. This paper will discuss and analyze about the Oil and Gas Industries of India related to multiple factors impacting these industries which includes technological trends, innovations, corporate social responsibility, research and development, Covid-19 impact and its related economic impact. Design/Methodology/Approach: Oil and Gas Industries are chosen and in depth analysis done by getting data from websites, journal, articles and blogs. Focused on Industry related objects, studied, evaluated and compared various points related to oil and gas industries. Findings/Result: Oil and Gas Industries are analyzed by understanding and studying the different aspects of these industries. Indian monetary development is additionally affected due to these businesses. Alternatives to Oil and Natural Gas, technological innovations and research and development as recommendations are also discussed and suggested. Originality/Value: Oil and Gas Industries data from different sources studied and documented. Paper Type: Case study analysis.
Purpose: In India, the insurance industry has grown rapidly in the last decade, introducing many innovative products. India's insurance industry is vital to the country's economy. Digital Transformation have a drastic impact on the Insurance sector. Digitization results in future innovative designs and launch innovative products which help insurance companies and the customers. Digital innovation is transforming the way how the insurance companies work with industries by integrating IoT devices with health insurance which will also benefit the customers. In this paper, we will analyze and understand how HDFC ERGO has implemented digital transformation that has enhanced operational efficiencies and completely transformed service deliveries and customer experience in the insurance industry. Objectives: To do analysis and review on the digital transformation in the insurance company and how it has impacted the operational efficiencies, service deliveries and customer experience. Design/Methodology/Approach: This company analysis was done by analyzing and referring different sources like online sources, such as websites, blogs, scholarly articles, web articles, and using Technology Analysis as a framework. Findings/Result: Digital transformation and how it impacts insurance company in terms of its operational efficiency, service deliveries and customer experience are discussed. Analysis done to find how the organization should stay ahead in implementing the digital technologies and how digital transformation helps the insurance industry to explore new technologies and provides innovative ideas to improve organizational efficiency Originality/Value: Based on the information and the data available, digital transformation and its impact in the insurance company in the current state is analyzed. Paper Type: A Case study analysis done on the digital transformation in the HDFC ERGO general insurance company.
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