C3.ai CEO Thomas Siebel delivered the opening keynote at the Energy Disruption Conference to a packed room of more than 300 CEOs, founders, investors, and thought leaders in the oil and gas industry. The Energy Disruption Conference was hosted by Tudor, Pickering, Holt & Co. (TPH) on November 10 at The W Hotel in Austin, TX.
Siebel described how the energy value chain is being radically transformed by the convergence of disruptive new technologies – big data, cloud computing, AI, and IoT – that culminate in the phenomenon of Digital Transformation. Siebel noted that AI and IoT are restructuring the economy 100 times faster than during the industrial revolution, with 30 times more change. Enterprises that fail to transform will cease to exist, Siebel concluded.
“It’s critical that we as oil and gas business leaders embrace the power of disruptive technologies, such as AI and IoT, that have the potential to create a step change in the productivity of our industry,” said Maynard Holt, CEO of TPH. “Technology visionary and pioneer Tom Siebel is bringing Silicon Valley to Shale.”
Renowned software analyst Rick Sherlund, who is now a partner with independent advisory firm Perella Weinberg Partners, introduced Siebel saying, “Tom has an uncanny ability to find and capitalize on trends driving significant disruption. He did it with databases, then with CRM software, and his current company has built the most comprehensive solution for enterprises to tackle the AI and IoT revolution.”
The Energy Disruption Conference brought together energy’s most ambitious minds at the forefront of disrupting the status quo, fostering innovation, and driving non-traditional growth. In addition to Siebel, speakers included Tim Dove, President & CEO of Pioneer Natural Resources, and Mark P. Mills, Senior Fellow at the Manhattan Institute and a Faculty Fellow at the McCormick School of Engineering and Applied Science at Northwestern University.
Tudor, Pickering, Holt & Co. is an integrated investment and merchant bank providing high quality advice and services to the energy industry. The company offers sales and trading, and research coverage on approximately 140 issuers worldwide. The firm’s investment management complex has more than $1.76 billion AUM dedicated to the energy space. Headquartered in Houston, Texas, TPH also has offices in Calgary, Denver, London, and New York.