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How can artificial intelligence be applied to the business needs of the electric power industry?

June 12, 2024
in Technology and Engineering
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A recent study published in IET Generation, Transmission & Distribution explores how artificial intelligence—in particular machine learning techniques—can be leveraged as powerful tools for the electric power and energy industry, and for managing its assets.

A recent study published in IET Generation, Transmission & Distribution explores how artificial intelligence—in particular machine learning techniques—can be leveraged as powerful tools for the electric power and energy industry, and for managing its assets.

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By showcasing practical applications and success stories, the study demonstrates the growing acceptance of machine learning as a valuable technology for current and future business needs in the power sector. It also assesses the barriers and difficulties of implementing large-scale machine learning techniques in practical settings, while exploring potential solutions.

“To support the power sector in its goal of efficient asset management, we must keep investigating and developing machine learning–based strategies. By doing this, we can ensure sustainable, dependable, and effective energy networks for the future while fostering resilient power systems that satisfy the changing demands of a changing world,” the authors wrote.

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Additional Information
NOTE: 
The information contained in this release is protected by copyright. Please include journal attribution in all coverage. For more information or to obtain a PDF of any study, please contact: Sara Henning-Stout, newsroom@wiley.com.

About the Journal
IET Generation, Transmission & Distribution is a fully open access and influential journal for the best research in the field. We empower the discussion and publication of current practice and future developments in electric power generation, transmission and distribution which is highly read and cited worldwide.

About Wiley
Wiley is a knowledge company and a global leader in research, publishing, and knowledge solutions. Dedicated to the creation and application of knowledge, Wiley serves the world’s researchers, learners, innovators, and leaders, helping them achieve their goals and solve the world’s most important challenges. For more than two centuries, Wiley has been delivering on its timeless mission to unlock human potential. Visit us at Wiley.com. Follow us on Facebook, Twitter, LinkedIn and Instagram.



Journal

IET Generation Transmission & Distribution

DOI

10.1049/gtd2.13183

Article Title

A Review of Asset Management using Artificial Intelligence-Based Machine Learning Models: Applications for the Electric Power and Energy System

Article Publication Date

12-Jun-2024

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