Artificial Intelligence in Energy Industry: Global System Renovation

Combining energy and Artificial Intelligence opens up new opportunities for the energy industry. But what is most important – its implementation can solve existing problems and allow control of consumption. Now about 60% of all generated electricity energy is wasted. But wasted energy represents billions of dollars spent on generated energy that we have not consumed. AI can monitor the entire chain and identify potential problems that need optimization. Accordingly, this will make it possible to:?

• intervene in the energy network and eliminate threats;?
• use energy to the maximum without mindlessly spending it;
• reduce emissions into the atmosphere;
• save cost.

The industry requires this renewal. Power providers are interested in the management operations of the energy chain and consumption control and optimization. In the market of renewables, the application of AI can surpass $75.82B by 2030, according to Precedence Research. The same is Forbes’s estimations – AI growth in the sector will hit 50% by 2024. So, let’s dive into this topic a little deeper.

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