Originally published on September 30, 2019 by Sam Mire on Disruptor Daily.
The sunshine comes after the rain, and once the kinks are worked out in the initial rollouts of AI for energy, the benefits will begin to take shape. We have some idea of what those benefits could be, and we tapped several industry insiders to elaborate. Here’s what they said:
“AI enables energy industry players to do more with less. Very few extract maximum value from their data, with the right AI technology in place, the industry can leverage predictive analytics to inform and evolve trading strategies over time as the algorithm learns each day, hour, minute. These quicker and enhanced calculations allow for maximizing business opportunities influencing both the supply and demand of the energy economy. One result is the creation of specialized microgrids to replace large regional grids that better accommodate and manage local energy needs. Imagine a day when severe weather doesn’t cause outages or afflict the broader power system.” – Jason Kram, Executive Vice President at Adapt2 Solutions
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This article is part of our AI and energy series. Follow us on LinkedIn to never miss an update.