A new technological age is underway in the power sector. Utilities, tasked with playing a leading role in how the economy decarbonizes, are increasingly looking for digital solutions to complicated problems. In new research, and in partnership with Latitude Media, we dive into how the power sector is adopting #artificialintelligence. Alongside capabilty assessments and use case analyses, our "Utility Archetypes of AI Adoption Model" delineates the varied pathways and progressions of AI integration across the sector, providing a nuanced framework for understanding the strategic and operational maturity of different utility companies and their AI development phases. Through interviews with multiple utility leaders, the assembly of numerous data sets, and by leveraging on the ground deployment experience, the research offers unique insight into the space, providing a temperature check, opportunity guide, and a capability forecast for a rapidly changing sector. https://lnkd.in/gF7wgYae
Indigo Advisory Group
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Indigo works with utilities and energy companies to deliver market leading strategy, technology and innovation services.
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Indigo works with utilities and energy companies to deliver market leading strategy, technology and innovation services. Our capabilities span the entire energy value chain and our approach is high value and outcome focused. #indigoinsights is our market perspectives and intelligence center, providing analysis and market research for utilities during a time of unprecedented transformation. At Indigo we believe that this pivotal moment of transformation in the industry is providing large scale and unprecedented opportunity for traditional power providers and those operating at the edge of the grid. With our fresh approach, we deliver exceptional results right at the heart of the most pressing industry issues.
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https://www.indigoadvisorygroup.com
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- 2016
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Our analysis of how AI will impact US Power Demand was featured in S&P Global. "Regarding US power demand, it's really hard to quantify how much demand is needed for things like ChatGPT," David Groarke, managing director at consultant Indigo Advisory Group, said in an interview, referring to the?AI-powered language model developed by OpenAI LLC.?"Google LLC said right now AI is representing 10% to 15% of their power use, or 2.3 TWh annually." “It is useful to look at AI in two broad slots, Indigo Advisory Group's Groarke said: "Narrow AI" is a little more contained and not that energy intensive, with use cases like load forecasting and predictive maintenance. "Inference usage," like running a prompt that provides an answer, adds to power consumption.” “The swath of applications that is really energy intensive is the language learning side, which needs more memory and storage. These are things like neural networks that need thousands of GPUs. Power demand for AI comes from training these models, which are pulling in "huge amounts of data from the web, and that seems to be doubling every year," Groarke said. #artificialintelligence #ai #energy #utilties #decarbonization #energytransition https://lnkd.in/ebFPUR4H
Power of AI: Wild predictions of electricity demand from AI put industry on edge
spglobal.com