AI Use Case
Smart home devices manage consumer energy expenditure
Smart home devices manage consumer energy expenditure by, for example, turning lighting, heating on and off depending on human presence, pre-planned variable margins (e.g. average home temperature) and weather / time of day.
Cost - Reduce wastage,Revenue - New product
Verv~Verv identifies home electricity usage by appliance and monitors for unusual usage patterns using machine learning,MIT~MIT Department of Mechanical Engineering developed smart power outlets that distinguish dangerous electrical from benign spikes with 99.95% accuracy with machine learning
Time series,Structured / Semi-structured
ML Task - Action Selection - Reinforcement Learning ,Machine Learning (ML),Traditional AI,ML Task - Prediction - Regression,ML Task - Grouping - Anomaly Detection