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Energy Demand Forcasting with AI Financial Algorithms Boost Utilities Efficiency
Energy Demand Forcasting with AI Technology review has a new feature entitled Financial Algorithms Boost Utilities Efficiency. It looks into the tricky business of predicting user demand for energy, and purchasing it accordingly. This is a crutial task of any provider, as any mistake can cause huge losses. If the forcast is too high, money is wasted puschasing unrequired energy. Conversely, if not enough energy is purchased, some areas of the power-grid will find themselves without any energy, which can cause serious accidents. AI is well suited to this, partly in it's prediction and pattern recognition capabilities (using a Neural Network for example), or by analysing the past data, and trying to determine what factors caused each spike (using data-mining and rule association techniques). | Alex J. Champandard 934 posts. Wednesday 07 November, 05:47 Reply