PREDICTIVE AI
There isn ’ t often a day that goes by now where the letters A and I , said consecutively , don ’ t cross the human consciousness . Once a concept only known to tech-focused minds has now been catapulted into the mainstream , artificial intelligence ( AI ) has well and truly taken over , with its benefits being harnessed left , right and centre . And that is no different when it comes to the energy sector .
Detailed breakdown of the industry key areas Historically being regarded as an industry slow to take on and utilise emerging technologies despite literally powering modern life , the energy sector has come on leaps and bounds in recent times in not only the energy sources used , but when it comes to harnessing the benefits that come with digitisation and modern technology .
Here ’ s where predictive AI comes in . Not to be confused with generative AI ( Gen AI ), which has a primary focus on creating new and original content , predictive AI is a form of intelligence that uses patterns in historical data to forecast or classify , providing actionable insights and support when it comes to decision-making and strategy formulation . energydigital . com 85