New Delhi: Around 2018, the overall cost of generating electricity from Renewable sources (solar, wind) became cheaper than the traditional methods of electricity generation (coal, oil, gas, nuclear). More than half of new electricity generation capacity added in 2021 were Renewables, and at the same time, the amount electricity distribution grids were willing to pay per unit of Renewable energy began to drop significantly. Managing the accelerated growth in capacity, while driving down costs, has become a must for Renewable plants. Just as Renewable energy has grown in the last decade so has the field of Artificial Intelligence (AI). Traditional computing is software programmers creating algorithms, to solve for complex engineering problems.

KOCHI: Don't be surprized if you receive personalized offers based on your vehicle profile, the next time you pull into an Indian Oil petrol pump. Neuroplex, a startup that emerged from Future Technologies Lab an initiative by Kerala Startup Mission has signed an agreement with Indian Oil Corporation (IOC) to use artificial intelligence (AI) to qualitatively improve customer interaction and safety in their petrol pumps across the country. Their signature product'Eyes Age' uses deep learning to empower video surveillance with AI capabilities. It creates visual relationships between objects in the video which allows for a logical analysis of video data. "The system can identify customers by analysing the number plate of the vehicle and give them unique offers," said Keerthi, a developer with Neuroplex.

New Delhi: French multinational oil and gas company Total announced it has signed an agreement with Google Cloud to jointly develop Artificial Intelligence (AI) solutions for subsurface data analysis for oil and gas exploration and production. "Total is convinced that applying artificial intelligence in the oil and gas industry is a promising avenue to be explored for optimizing our performance, particularly in subsurface data interpretation. We are excited to work with Google Cloud towards this goal. This builds on the strategy being developed at Total, where A.I. is already used, for example, in predictive maintenance at facilities," said Marie-Noëlle Semeria, Senior Vice President, Group CTO at Total. The agreement will focus on the development of AI programs which will make it possible to interpret subsurface images, notably from seismic studies (using Computer Vision technology) and automate the analysis of technical documents (using Natural Language Processing technology), the company said.

Photo by Kamal Kishore NEW DELHI: The government is expected to provide incentives for use of frontier technologies like artificial intelligence and robotics in the new industrial policy that is likely to be unveiled soon, sources said. Besides, the industries would also be encouraged to adopt green technologies to promote cleaner environment. The proposed policy, the draft of which has been released by the commerce and industry ministry for consultation with various stakeholders, will completely revamp the Industrial Policy of 1991. The world is talking about industrial revolution 4.0 that includes artificial intelligence, robotics, deep learning and Internet of Things and incentives and there is a need to promote adoption of these modern technologies, which are capital intensive, according to government sources. "The ministry is holding consultation with states also on the new policy to see their best practices. It will be released soon," they added.