Earlier this year, Bill Gates, founder of Microsoft and the richest man on Earth, wrote an essay online at "The blog of Bill Gates," to college students graduating worldwide in 2017. One is artificial intelligence (AI). We have only begun to tap into all the ways it will make people's lives more productive and creative. The second is energy, because making it clean, affordable, and reliable will be essential for fighting poverty and climate change." The third field he mentioned was biosciences.
At the beginning of 2016, the world's most sophisticated artificial intelligence (AI) beat World Champion Lee Sedol at a game called'Go' – a chess-like board game with more move combinations than there are atoms in the universe. Before this defeat, Go had been considered too complicated for even the most complex computers to beat the top humans. It was a landmark moment in the development of ever-more sophisticated AI technology. But the future of AI holds more than simply board game victories. It is rapidly finding its way into all aspects of modern life, prompting the promise of a'Fourth Industrial Revolution'.
Restructuring electricity grids to meet the increased demand caused by the electrification of transport and heating, while making greater use of intermittent renewable energy sources, represents one of the greatest engineering challenges of our day. This modern electricity grid, in which both electricity and information flow in two directions between large numbers of widely distributed suppliers and generators — commonly termed the ‘smart grid’ — represents a radical reengineering of infrastructure which has changed little over the last hundred years. However, the autonomous behaviour expected of the smart grid, its distributed nature, and the existence of multiple stakeholders each with their own incentives and interests, challenges existing engineering approaches. In this challenge paper, we describe why we believe that artificial intelligence, and particularly, the fields of autonomous agents and multi-agent systems are essential for delivering the smart grid as it is envisioned. We present some recent work in this area and describe many of the challenges that still remain.
By and far, blockchain as a technology is designed to disrupt the very core of the industry and sector where it is adopted. The general idea behind the blockchain is to decentralize and secure a more mainstream system that is not controlled by any one party or group. By definition, it's a public ledger of network-based transactions distributed and decentralized among a variety of nodes and systems. There is no central server or core system. Instead, authentication is handled by the entire network, publicly.
The ability to capture insights from data in real-time, with potentially no latency issues is disrupting many industries and offering great benefits to companies and consumers. In this article, we'll be looking at five different use case examples of edge computing solutions in use today. So, let's jump straight in! Smart Grid, as we know, is essentially the concept of establishing a two way communication between distribution infrastructure, consumer and the utility head end using Internet Protocol. Fast developing industrial IoT landscape is offering a number of technologies to monitor, manage and control a variety of functions within an electric grid's distribution infrastructure.