Prashant Natarajan
AI / ML
“ USING AI-DRIVEN INSIGHTS , ORGANISATIONS CAN EXTEND THE LIFE OF CRITICAL ASSETS SUCH AS MACHINERY , BUILDINGS , AND EQUIPMENT ”
CHRISTINA SHIM VP , HEAD OF STRATEGY AND SUSTAINABILITY AT IBM
AI : improving the energy sector and business practices Research by PwC models the economic impact of AI ’ s application to manage the environment across four sectors – agriculture , water , energy and transport . It estimates that using AI for environmental applications could contribute up to US $ 5.2 tn to the global economy in 2030 , a 4.4 % increase relative to business as usual .
Looking specifically at the energy sector , Natarajan outlines how it is particularly useful within the industry , which in itself is a significant contributor to climate change .
“ Optimising the power grid and increasing its efficiency , not just in production but also reducing the loss that happens in distribution , will mean we can do more with less . With machine learning , you ’ ll soon know in incredible detail if there is a certain time of the year when more energy gets lost , for example ,” he says .
AI can be invaluable to the renewable energy sector , not only because the automation capability of AI can drive operational excellence in many crucial areas but because , with its power predictions , AI
Prashant Natarajan
Prashant Natarajan is a best selling author , whose books , Demystifying AI for the Enterprise and Demystifying Big Data & Machine Learning for Healthcare , look to illustrate the power of cloud , data , analytics , AI / ML , and digital transformation for business leaders , domain experts , and nontechnologists .
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