Sun. Apr 14th, 2024



Petrobras Saves Millions Using Ground-Breaking AI Technology

TLDR:

  • Petrobras partnered with Automation Anywhere to save $120m in costs.
  • Automation Co-Pilot for Business Users was used by Petrobras to automate tax filings and increase efficiency.

Petrobras, the largest energy company in Brazil, has achieved significant cost savings of $120 million through a groundbreaking partnership with Automation Anywhere, a leader in AI and automation solutions. By harnessing the power of AI and automation, Petrobras successfully automated its tax department processes, resulting in an increase in efficiency and substantial savings.

The collaboration between Petrobras and Automation Anywhere highlights the transformative potential of emergent technologies, particularly in the energy sector. By utilizing Automation Co-Pilot for Business Users, Petrobras automated its tax filing system, processing taxes within three days and eliminating the need for weekend work during tax season.

Carlos Barreto, CIO at Petrobras, expressed satisfaction with the initial results of the AI-powered automation, anticipating further positive impacts throughout the business. Petrobras plans to leverage Automation Anywhere’s intelligent automation solutions across other business departments to achieve over $1 billion in yearly savings. This will enable the company to transition to sustainable energy forms in the coming years, including wind and solar sources.

Adi Kuruganti, CPO at Automation Anywhere, commended Petrobras’s successful venture in AI-enhanced automation, emphasizing the potential for massive savings and improved productivity. The collaboration aims to scale automation throughout the company, empowering employees to focus on higher-value work due to the efficiency of AI.