AI and the Internet of Energy (IoE)
In the past few years, there has been a lot of buzz surrounding artificial intelligence (AI) and machine learning (ML). From Google’s self-driving cars to Apple’s Siri to Netflix’s movie recommendation engine to smart buildings to Nest thermostats. There is a long list of applications utilizing ML to automatically derive value from numerous input sources. But how do these use cases apply to industrial industries like energy and utilities, who are often seen as technology laggards?
Contrary to what one might expect, AI and ML are a perfect fit for the energy and utilities sector. Given the vast amounts of data these industries generate—particularly with all the extra sensors added to create the Industrial Internet of Things—the Internet of Energy is the perfect environment for ML applications.