What Is the Potential for AI in the Energy Industry?

Artificial intelligence has the potential to transform a multitude of industries, including retail, small business accounting and even product design. The energy and utilities markets could be next. It's still early days in terms of adoption, but there are numerous use cases for AI in the energy and utilities industries. AI can be used to make smart electric grids more efficient in delivering energy, can predict when batteries and other equipment will fail and can also help make energy exploration easier and more economical. AI and one of its subsets, machine learning, are digital trends poised to disrupt the energy industry, according to a recent report from Wood Mackenzie, an energy, chemicals, renewables, metals and mining research and consultancy group, Greentech Media (GTM) reports.