Energy and Utilities

As the world shifts to digitized services, the energy sector is lagging behind. Despite the profitability of the industry, it still relies heavily on manual work. Artificial Intelligence is getting more important in the energy industry and have a potential to shape the whole energy sector. As the energy sector is digitized, AI will make the industry more efficient by analyzing and evaluating the huge data volumes.

With AI, energy companies can store, process, and manage data more efficiently. The exploration of data, that traditionally has been on paper, can reveal new insights that can completely change the way industry works.

Energy providers need to forecast changes in demand, system overloads, and possible failures as precisely as possible. The cost of error in the energy industry is high. AI can significantly improve the predictive power that will not only save power and cut costs, but also provide better customer service.

Energy transmission can be dangerous if handled improperly. The deadly wildfires in California in 2018 were caused by faulty transmission lines. AI can predict system overloads and warn operators by detecting variations in electrical currents by deteriorating equipment or conditions.

AI applications in Energy and Utilities primarily include:

• Smart Power Grids and Power Consumption
• Mining Efficiency, Health and Safety
• Oil and Gas Production Optimization