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Patrick Bangert

Vice President, Artificial Intelligence Samsung

Patrick Bangert, SPE, is the Vice President of Artificial Intelligence with Samsung.
He founded and served as CEO of Algorithmica Technologies, a machine learning company specializing in oil and gas applications. After a few research positions at Los Alamos National Laboratory and NASA’s Jet Propulsion Laboratory, Bangert became assistant professor of applied mathematics at Jacobs University Bremen in Germany. In 2005, he founded Algorithmica to bring the machine learning methods down from the ivory tower into practice. He holds a PhD degree in applied mathematics from University College London.

  • SPE’s 2021 Open Subsurface workshop tackled the ins and outs of open source, open data, and open access.
  • ODDS—organization, due diligence, data, and scrub. These four important steps can make sure you are ready to implement artificial intelligence in a way that leads to a successful project.
  • Work from home is the new normal. Digital tools have come to the rescue. The questions that is going around the industry is: Will the increased reliance on digital technologies in the workplace generate increased adoption of the digital transformation?
  • Recently, the hype around artificial intelligence and machine learning caused several people to ask me how much of a project is actual machine learning. Based on man-hours spent on the project, I estimate that only about 5% of the effort is spent directly on data-science-related activities.
  • Studies conducted through collaboration between an operator that knows the physical reality and a data-science company that knows the best machine-learning methods yield good practical results.
  • Instinctively, we feel that greater accuracy is better and all else should be subjected to this overriding goal. This is not so. While there are a few tasks for which a change in the second decimal place in accuracy might actually matter, for most tasks, this improvement will be irrelevant.
  • The ecosystem in which an algorithm must live in order to deliver value must be viewed as a whole. The algorithm can be viewed like a car’s engine. It’s rather important, but it’s not a car yet.