AI- new jack of all trades
- Nov 27, 2019 1:20 pm GMT
This item is part of the Special Issue - 2019-11 - Artificial Intelligence, click here for more
“If data is the new oil, AI is the new electricity” is so far the best quote. The electricity industry is at a unique crossroads. To accommodate significant green electrons on networks and help manage climate change, it must change significantly from the paradigms of old. There are many digital interventions and tactical solutions that help enable energy sustainability & independence. Amongst ever-increasing complexity of systems, policies, and regulatory measures Artificial Intelligence holds the potential to strike a balance.
AI helps utilities manage a more complex and dynamic environment. Increasing amounts of data, diversity of distributed energy resources, and cost pressures mean utilities must do more with less. AI lets utilities gather insights from these diverse data sources and use them to operate the grid better and closer to its technical limits. It allows utilities to empower their customers in ways that were previously impossible due to the effort required. It lets utilities keep assets for longer and better understand their current health. Ultimately this results in a more interactive, lower-cost system for all customers.
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