World Economic Forum’s Post

3 ways to harness the power of generative AI for the energy transition. >Companies must ensure a robust and complete data foundation, establish strong responsible AI programmes and make sustainable choices in their operations, going beyond mere technology adoption. A new report by the World Economic Forum, Fostering Effective Energy Transition 2024, highlights the importance of digital innovations, such as generative AI, in enhancing energy equity and security. https://lnkd.in/eJnaetbE

https://lnkd.in/eq9_bHjd #generativeai #technology #innovation #energytransition #change #data #riskmanagement #sustainability "By responsibly and sustainably adopting next-level technologies and specifically generative AI, the industry can reinvent its core, while accelerating and de-risking the energy transition."

Generative AI is transforming the energy sector, driving incredible gains in productivity and innovation. Leading companies are already harnessing this technology to streamline their operations and achieve new levels of efficiency. Generative AI speeds project execution, boosts asset efficiency, and strengthens supply-demand management. Responsible adoption of generative AI and advanced tech reinvents core processes, accelerates energy transition, and reduces risks. These insights underscore the transformative potential of generative AI in driving sustainable practices and innovation within the energy sector. Read here: https://lnkd.in/eEGDfFdp Embrace the future of energy with generative AI! #energytransition #generativeai #Innovation #sustainability #energysector

Fresh off the press 🗞️ | Effectively harnessing AI can be a game-changer for SA’s energy ecosystem and green transition🇿🇦 "Solving power outages requires creativity, innovation and a long-term approach. This is where the potential of artificial intelligence (AI) could shine through." Read more thoughts from Wesgro CEO, Wrenelle Stander, on the matter, in Business Day now 👉🏾 https://bit.ly/3Qx5d3c #CapeConfidence #AfricasGreenHub #AfricasTechCapital #InvestWesternCape #InvestCapeTown #GreenEnergy 🌱

Exploring the transformative power of Generative AI in heavy asset industries amidst the energy transition? 🌍🚀 This insightful article from our CCO Haavard Oestensen sheds light on the potential impact and opportunities. A must-read for those navigating the evolving landscape. #GenerativeAI #EnergyTransition #Innovation #DigitalTwin #KongsbergDigital #Kognitwin

The energy sector is undergoing a critical shift, driven by the urgent need for sustainability and efficiency. In this race for a cleaner tomorrow, Generative AI is emerging as a powerful new tool. Learn more in our latest news. https://lnkd.in/g6DEMjfC

If there’s one place where generative AI has the ability to make a tremendous impact, it’s the energy sector. AI could help streamline energy production and distribution, increasing efficiency and cutting carbon emissions from the vital processes that enable us to keep warm, travel and live our modern lives.

The energy sector has traditionally been slow to adopt new technologies, but things have changed recently. There is a big opportunity for the industry to effectively leverage predictive AI to provide actionable insights and support. Predictive AI could play a vital role in increasing energy reliability, analyzing real-time data to detect and repair faults, optimizing energy assets, and supporting preventative maintenance. #AI #EnergySector #DigitalTransformation

I see so many companies wanting to adopt AI and data analytics but are not achieving the results they expect. Many of them are missing the strategic planning and responsible deployment aspects. Having that clear vision of WHAT you want to accomplish and guidelines for HOW you want to achieve it, can vastly improve the outcomes. "Many companies have set their sights on enhancing #energy efficiency by 10-20%. But a closer look will reveal the opportunity to achieve more." This article details how #AI can make that possible. 👇