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Greetings, friends!
Artificial intelligence has been around for a long time, but has come into prominence only recently. It is the ability of a machine to exhibit human-like intelligence. AI comprises several different technologies. Machine learning is among those. So, please do not confuse between AI and ML.
Ever wondered how artificial intelligence can be used in energy and utilities? For starters, the use of AI can improve the efficiency of the various renewable energy technologies available.
How can AI boost efficiencies across the sector? It can definitely automate the various operations in solar/wind energy. Also, that would allow the various utilities to launch new businesses.
There are a few ways that AI can manage energy and utilities. First comes load forecasting. With the use of AI, the real-time supply and demand for energy can be monitored. Further, it can help in predictive maintenance. In fact, drones can be efficiently used to identify defects and predict failures. Drones also capture relevant data, thereby, doing away with hazardous man-hours and minimizing downtime.
ML is a process of taking large algorithms and processing those. It processes large amount of data, passes it, detects patterns and makes decisions or predictions, based on those patterns.
Utilities in India can also look at ML. For instance, it can be used to solve complex problems. You can also have high-quality data to train the algorithms. You can probably do forecasting, demand management, energy trading etc., as well. Give it a try!