How Artificial Intelligence is Dramatically Impacting Energy Forecasting

Artificial Intelligence (AI) is one of the latest technology innovations that is transforming virtually every industry. For some, the expectation AI may conjure thoughts of machine domination and provokes fears of untethered autonomy; however, there is the reality that AI exhibits great potential for advancing human capability by leveraging deep learning and neural networks to improve speed and accuracy. Recognizing the positive impact that AI can bring to the utility industry, the Department of Energy (DOE) issued a report in response to the Executive Order (EO) on the trustworthy use of AI.

Energy Forecasting represents a strategic area where AI can improve both the accuracy and trustworthiness of both load outlook as well as generation capacity for renewable energy resources, many of which have a significant dependence on weather.

SAS is a leading provider of the data and AI that many utilities have come to rely upon for short, mid and long term energy forecasting solutions. Learn how they are embracing this technology to improve the trust levels of these essential forecasting services.