Better Data Management Is Key To The Success Of Oil, Gas, And Utilities Companies. And The Implementation Of AI And The IoT Will Help.
Oil, gas, and utility companies need better data management to be able to work more efficiently and deal with disasters, such as wildfires, floods, and extreme heat – all of which are affecting their infrastructure. Unfortunately, they are not the ones who tend to embrace technology the first.
Plug and Play is a Silicon Valley-based accelerator who is trying to deal with this problem. The group works by connecting global energy companies with startups that are developing energy-efficient systems. In a summit held last week, multiple ideas were pitches based on AI, machine learning, and so on. Many of the companies are using AI to do things such as slash energy use in buildings, monitor powerlines and pipelines, and predict when energy gear might fail.
These ideas will help the companies understand when their energy infrastructure would do well and when it would require maintenance. Some of the top game-changing ideas that Plug and Play accelerator is working on includes wildfire powerline and gear monitoring, cut plug load power in large buildings, and forecast when the energy hardware required maintenance. VIA, a startup, has developed a blockchain-based application that is designed to predict when transformers might be at risk.
A Korean startup called Alchera uses thermal and standard cameras combined with AI-based image recognition to monitor powerlines and substations in real time.
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