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Predicting Electricity Consumption AI System Saves Thousands of Dollars | |
Predicting Electricity Consumption
There's a new feature on ELP entitled The technology is based on a huge Neural Network, which gets trained as it goes along. As you may expect, there are many challenges here, such as scalability, efficiency, problems with online learning (new training examples available every day). It can achieve over 97% accuracy! It remains to be seen if it can admit that it knows nothing about certain situations (using some sort of novelty detection). This reminds me of a slightly older thread about a similar topic: Energy Demand Forecasting with AI. |
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