Potential Impacts of European AI Regulation on the American Energy Sector
- Sep 24, 2020 5:53 pm GMT
This item is part of the Special Issue - 2020-10 - Advances in Utility Digitalization, click here for more
In February 2020, the European Commission published a White Paper foreshadowing the development of a comprehensive regulatory framework for artificial intelligence. This differs from the United States’ approach of minimizing regulatory barriers for artificial intelligence. Nevertheless, Europe’s upcoming regulations may have extraterritorial impacts on American companies, including energy companies, that are investing in artificial intelligence. I utilize a case study of the 2018 General Data Protection Regulation to provide insight into what these impacts may look like.
Artificial Intelligence (AI) is poised to revolutionize our modern lives and the functioning of many industries, including energy. As Dan Walker of BP’s Technology Group states, “AI is enabling the fourth industrial revolution, and it has the potential to help deliver the next level of performance.” Energy companies are actively exploring ways to use AI to optimize utility assets, the transportation of resources, and the utility customer experience.
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