AI and Big Data for the energy sector, how is evolution experienced?

Artificial Intelligence and Big Data are transforming the energy sector

For decades, the energy sector remained aloof from radical technological changes; although it has evolved, never at the pace we are experiencing today.

By Jorge Hernández, CEO of REGULUS

A historic transformation

(Expansion) — The technological progress we are enjoying today is impressive thanks to tools such as Artificial Intelligence (AI) And the Big Data. In industries such as entertainment or commerce, their presence is already perceived as something natural. But what happens when these technologies venture into a traditional, high-impact sector that, until recently, seemed reserved for a few?

This is precisely what happens with the energy industry, which is undergoing one of the most profound transformations in its history. For decades, it remained aloof from radical technological changes. Today, evolution is accelerated, profound and, above all, necessary.

AI and Big Data: Efficiency, Prediction and Sustainability

La growing energy demand and the increase in population demand safer, more sustainable and effective solutions. In this new scenario, AI and Big Data allow:

• Optimize energy production and distribution
• Predict demand more accurately
• Improve energy efficiency
• Make strategic decisions based on massive data and in real time

This approach not only improves the quality of service, but it reinforces a intelligent management of the entire energy value chain.

New tools for new markets

For the energy traders, access to information such as prices, market trends, consumption patterns and economic factors in real time, allows them to:

• Identify more profitable buying and selling opportunities
• Reduce investment risks
• Increase operational efficiency
• Minimize costs in the medium and long term

Positive environmental impact

But the impact of these technologies It's not limited to profitability. In the aspect environmental, AI and Big Data become crucial allies in accelerating transition to a clean and sustainable economy.

This is a key point, considering that the The energy sector is responsible for 60% of global greenhouse gas emissions.

Today, companies in the sector can:

• Improve the production and distribution of renewable energy such as solar and wind
• Educate end users on how to reduce your consumption and your carbon footprint

Commitment to the 2030 Agenda

This transformation reflects the industry's commitment to sustainability And the Sustainable Development Goals (SDGs) of the 2030 Agenda. In particular, the ODS 7, which seeks to guarantee access to a affordable, safe, sustainable and modern energy for all.

“Energy companies thus demonstrate their responsibility to the environment and their active role in building a healthy energy ecosystem.”

A more inclusive and accessible future

In the future, the potential of AI and Big Data looks more than promising. Constant innovation will allow a cheaper energy production with a longer range, bringing energy access closer to even the most vulnerable areas of the planet.

If this evolution continues at the current rate, it will be possible to avoid energy lag And ensure universal access before 2030. As in a marathon, the goal is not just to arrive, but Arrive on time.

About the author

Jorge Hernández He is CEO of REGULUS, a graduate of Anahuac University, specializing in Big Data analysis and MIT learning programs. He has extensive experience in the energy sector value chain.
Follow him on LinkedIn.

The opinions published in this column belong solely to the author.