In combination with other technologies, AI has the potential to deliver the active management that will be required for the grid of the future. Powerful intelligence will be able to balance grids, manage demand, negotiate actions, enable self-healing and facilitate a host of new products and services. Indeed, AI, will not just lend itself to the energy transition, it will also enable more efficient and effective utility operations by helping to analyze unstructured data which typically makes up to 80 percent of data in an organization.
Artificial intelligence will power the mechanisms that are needed to control an integrated power network, also known as a ‘smart grid’. This intelligent system can balance grids, manage demand, negotiate actions, enable self-healing and facilitate a host of new products and services. By making sense of unstructured data, the smart grid can enable more efficient and effective utility operations.
Building owners today face many challenges, as they search for ways to:
The electric vehicle (EV) market has now evolved to accommodate an environmental-friendly option: Plugged-in Electric Vehicles (PEVs). Companies like General Motors, Ford, Nissan and Tesla are producing PEVs, with the Tesla Roadster leading the way in the all-electric PEV category. While the prevalence of PEVs can result in a drastic reduction in pollution due to not needing fossil fuels or emitting pollutants, they still need charging outlets to power them on the go. Enter the Smart Grid.
The changing landscape of the power and utilities industry is resulting in new expectations for IT and shifting imperatives for the Chief Information Officer as well as other C-levels across the business. Many power and utilities organizations have now embarked on an IT transformation program.
- Shawn Chandler is an IEEE Senior Member and Associate Director at Navigant Consulting, Inc., within the Energy practice
The power of AI lies in the ability to use this intelligent technology throughout the customer’s journey, helping tap more potential than was possible before, and bringing in unprecedented transformation.
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