Artificial intelligence: new experience, new opportunities

Artificial intelligence: new experience, new opportunities

Over the past two years, artificial intelligence has become an ordinary work assistant for many people around the world. In the global context, AI is having a positive impact on the development of various industries, including renewable energy. KNESS, an expert in the energy sector, actively uses AI to optimize its processes and create innovative products. Ivan Vekirchyk, a co-founder of KNESS, shared the companys experience at a webinar of the Womens Energy Club of Ukraine, demonstrating how AI can become a useful tool for businesses operating in the energy sector.

AI is not just a technology, it is a new approach to work. According to Ivan Vekirchyk, AI makes it possible to:

  • Forecast: AI makes it possible to more accurately forecast electricity production from solar and wind farms, prevent equipment failure at power generation facilities, and thus prevent undergeneration.
  • Make quick and justified decisions: AI systems analyze large amounts of data and offer optimal solutions in real time. In the near future, even cross-agent AI may be developed. What does it mean? The capability to create separate AI profiles of each key position in an organization/company in order to have an autonomous platform for analyzing, for example, problems and then providing options for a ready-made solution to this problem.?
  • Increase work efficiency: automation of routine tasks with the help of AI allows employees to focus on more complex and creative tasks.
  • Create new products and services: AI opens up new opportunities for developing innovative solutions for various industries.

How KNESS uses AI:

  • KNESSBot: we have developed our own bot with integrated AI that helps solve various organizational issues, from obtaining all the necessary information to filling out a vacation request in 2 minutes.
  • Optimizing and automating business processes: our company is implementing several projects aimed at automating the process of generating commercial proposals for the electricity facilities construction, simplifying the initial search for candidates for vacant positions, optimizing the process of preparing financial analytics, etc.
  • In-house software solutions based on AI: long before the AI trend, our company created its own software products based on neural networks for forecasting electricity generation from renewable energy sources called PV Forecast and a software module for analyzing the operation of equipment at solar power plants called PV Predictive Maintenance. These software solutions are competitive even abroad due to their minimal error margin.

How to create a culture of innovation in a company? Ivan Vekirchyk shared KNESS experience:

  • Encourage employees to use AI in their work. As a first step, the company launched an internal idea contest that yielded cool and interesting projects. Now the KNESS IT team is turning these ideas into important software products for the company.
  • Invest in technology development. The company has been actively investing in innovation. This is an important factor in the overall competitiveness of the business.
  • Train and create a favorable environment for experimentation. Employees should have the opportunity to learn, use all the necessary resources and experiment.
  • Encourage company specialists to participate in hackathons. This makes it possible to keep abreast of the latest developments, test the viability of ideas, form teams, and support the exchange of experience outside the company.

So, artificial intelligence is a powerful tool, and the main point is to learn how to use it properly. Then it will increase efficiency, help reduce costs, and create new products and services for your business.

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