Artificial intelligence, big data analytics, and machine learning are revolutionizing renewable energy sector and allowing the companies to improve their overall customer experience by means of automating work processes.
FREMONT, CA: Analytics, artificial intelligence (AI), and machine learning play a significant role in understanding the past, optimizing the present, and predicting the future. Optimization and predictions are two major factors on which the energy sector heavily depends. The energy industry also produces vast amounts of data, and to turn this data into insights, major energy players are turning to AI.
Here are some benefits of big data analytics, machine learning, and AI in the renewable energy sector:
• Predicting Weather Conditions through Historical Data
The historical data collected by power plants can now be combined with weather and satellite data through advancements in big data, AI, and machine learning. Consequently, solar and wind forecasting technology can predict weather conditions well in advance. This is will allow renewable plants to increase their production significantly. It will also raise energy production optimization, and thereby increasing plant efficiencies.
• Improved Operation Management and Maintenance Processes
With the increase of large-scale wind and solar power plants, maintenance of power plants is becoming a challenge as they contain different types of technological equipment. AI and Big Data analytics can be helpful to such companies in terms of operations and management.
• Reduction in Renewable Energy Production Costs
With the help of big data and AI technology, RE companies can now produce more energy without additional infrastructure costs. The cost reduced by almost 46 percent from 2012 to 2016 in four yrs with AI and Big Data evolution.
Nowadays, Artificial Intelligence (AI) has gained relevance in all the industries. In a way or another, everyone is using artificial intelligence-based tools in their day-to-day life. With the current state of AI in the energy sector, AI utility will inevitably increase by miles. Artificial Intelligence is having great potential for the future design of the energy system. Some of the areas of application in the industry are electricity trading, smart grids, or the sector coupling of electricity, heat, and transport. AI is making the sector more efficient and secure by analyzing and evaluating the data volumes.
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