AI is changing how the world produces, manages, and consumes energy. It optimizes energy use, significantly reducing energy consumption and costs and making the future greener and more resilient. AI also brings significant benefits to both the top and bottom corporate lines, a group of energy experts said.
"Various applications of AI for optimal energy use can be seen, from energy-efficient buildings to smart grids," Kumar Parakala, President of GHD Digital, told International Business Times. "It helps improve equipment performance, detect anomalies, provide recommendations on consumption patterns, usage, and generation, and can pinpoint which facilitates more efficient resource allocation and enables more sustainable practices."
