Artificial intelligence (AI) and machine learning (ML) tools have occupied the analytics market over the last decade and show promise for futuristic outcomes. Not only do they represent an interesting phenomenon at the disposal of a computing era, but they also provide a number of benefits to the academic and corporate sectors. As a business case, AI/ML has shown promise with around 92% of large companies reporting returns on their data and AI investments. Further, a global survey reports that AI yields strategic benefits by improving system efficiencies and decision making when used to its potential.
AI — wide as its applications are — is gaining strength in the power industry too, to reduce outages and increase productivity and efficiency by detrending data and learning system behaviour.
With the upcoming AI/ML tools in OrxaGrid, electricity network operators will now be able to understand, predict, and manoeuvre the overall outputs, health, and faults of an asset and decode complex networking in a power grid. This can be easily envisioned via prescriptive analytics, for which companies across the globe are hunting for AI/ML solutions that can proactively give indications to O&M officials to take necessary actions beforehand.
This can be applied to various electricity network assets — such as transformers that undergo interturn faults and require timely identification to reduce overall operation and maintenance costs. For instance, an interturn fault can be directly analysed via its electrical and thermal characteristics, predicting binary outputs based on previous trends. An AI/ML solution can come in handy by learning through experience and predicting the same when similar conditions arise across different makes.
If you are looking to scale down your O&M costs by rearranging workforce and allowing machine-driven solutions to take charge — providing techno-commercial benefits to your organisation by monitoring and predicting asset health in real-time — OrxaGrid solutions can provide exactly that. With OrxaGrid’s smart IoT sensors and its integrated online software, the Grid Analytics Platform (GAP), you will be able to take proactive actions in time and manage network complexities efficiently.
References: Companies Are Making Serious Money with AI — MIT Sloan Review
OrxaGrid is an IoT and data analytics company on a mission to enable a reliable, affordable and sustainable energy future for all. Contact us to learn more.