Utilities engage machine learning to predict what’s next
- Jan 11, 2021 10:06 pm GMTJan 11, 2021 9:00 pm GMT
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The 2020 COVID pandemic has significantly impacted electric utilities across North America. As the crisis began, many utilities found themselves analyzing a variety of operational datasets to enhance situational awareness. The challenge, however, is that historical datasets provide only limited insight into what might be coming next. An operational report, for example, may display where distribution system power outages have recently occurred in the service territory. In order to understand, however, where power outages are likely to occur in the future, utilities must harness the capabilities of machine learning. Moving into 2021, power utilities will more intentionally leverage predictive modeling and machine learning to proactively anticipate customer, operational, workforce, asset, and financial challenges and opportunities.