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.

Function

Benefits

Cost - Reduce wastage,Revenue - New product

Case Studies

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

Potential Vendors

Industry

Utilities

Electricity

Data Sets

Time series,Structured / Semi-structured

AI Technologies

ML Task - Action Selection - Reinforcement Learning ,Machine Learning (ML),Traditional AI,ML Task - Prediction - Regression,ML Task - Grouping - Anomaly Detection