1. Artificial intelligence (AI) is being increasingly utilized in the energy sector for activities such as asset optimization and customer segmentation.
2. Power companies are collecting large amounts of data from IoT devices, and AI is crucial for leveraging this data to enhance performance.
3. Leading AI energy companies in the power sector include Duke Energy, E.ON, Enel, and Schneider Electric, with the global market for AI platforms in the power industry expected to reach $5.3 billion in 2024.
Artificial intelligence (AI) is a software-based system that uses data inputs to make decisions independently, with strong applications in the energy sector. Power companies have seen a surge in data generation due to the Internet of Things (IoT) in the past decade, presenting an opportunity to enhance performance through AI. Leading adopters of AI in the power sector include companies like Duke Energy and E.ON, using AI solutions for maintenance predictions and pricing optimization.
Companies across the power industry value chain have been incorporating AI into their operations to stay competitive. The use of AI in the power sector is expected to grow, with the global market for AI platforms projected to reach $5.3 billion by 2024. Machine learning and data science specialists are in high demand, with AI-focused partnerships continuing to grow in the power sector.
Leading AI companies in the energy sector include ABB, AutoGrid, and Stem, offering products and services related to AI for power. The information provided in the download document caters to power executives and technology leaders involved in AI solutions, offering detailed insights into suppliers and their offerings. Major growth areas for AI in the energy sector include electricity trading, smart grids, and asset management, with machine learning driving much of this growth.