Three Ways Artificial Intelligence is Bringing Value to Electric Utilities
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- Dec 2, 2020 5:11 pm GMTNov 30, 2020 3:19 am GMT
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This item is part of the Special Issue - 2020-12 - Data Analytics & Intelligence, click here for more
Three ways artificial intelligence (AI) is bringing value to electric utilities include building energy modeling (BEM), geographic information systems (GIS), and structural equation modeling (SEM). Of course, there are other ways too, and they do not align one-to-one with challenges in the sector such as safety, reliability, maximizing cost-effectiveness, minimizing environmental impacts, integrating intermittent renewable and distributed energy resources (DER), servicing the emerging electric vehicle (EV) market, enabling population growth, and being typecast as the first casualty in a heist film. Nevertheless, these three things are making an impact in a lot of areas and will surely continue to add value for years to come.