AI Use Case
Predict energy demand trends based on data sources ranging from sensors to social media
Predict energy demand trends based on data sources ranging from sensors to social media. In a competitive market the more varied and unique the data sources accessed the more refined (if not always more accurate) the model can become.
Function
Benefits
Revenue - Improve trading decisions (eg market demand estimates),Operational Support - Demand forecasting
Case Studies
Verv Trading Platform~Verv plans to predict renewable energy generation and usage for its p2p marketplace using deep learning,St. Vincent's Hospital~St. Vincent's Hospital achieves 20% in energy savings by implementing a predictive energy control system for its HVAC from BuildingIQ,Australian Renewable Energy Agency~Australian Renewable Energy Agency improved accuracy of solar energy predictions by 31% using machine learning methods based on a distributed network
Potential Vendors
BuildingIQ
Industry
Utilities
Electricity
Data Sets
Structured / Semi-structured,Time series
AI Technologies
Machine Learning (ML),ML Task - Prediction - Regression,Product Type - NLP - Text Entity Extraction,Product Type - Natural Language Processing (NLP),ML Task - Prediction - Data Translation/Transformation,ML Task - Prediction - Annotation,Product - Data Capture - Sensor IoT,ML Task - Prediction - Multi-class Classification,ML Task - Prediction - Binary Classification