Around 70% of all generated electricity powers factories and buildings, but 60% of that energy is wasted.
The wasted energy represents billions of dollars spent on generated energy that we have not consumed. To stop this, we first have to understand where and how the wastage is happening.
This is where artificial intelligence comes in. Maximpact integrates AI applications into energy efficiency strategies for municipalities, industrial and commercial clients to help them with energy forecasting, energy management, renewable energy storage, and sustainable development into the future.
Artificial intelligence monitors, collects information, controls, evaluates and manages energy consumption in buildings and factories. AI controls energy usage and reduces it during peak hours, identifies and signals problems, and detects equipment failures before they occur. AI has the ability to compress and analyze large sets of data that can help monitor and interpret the data produced by energy industries to optimize energy consumption.
Depending on the companies or industries we are working with, the bottlenecks appear at different stages of their processes. By using data to drive decision making, Maximpact can actively monitor such processes and, using predictive analysis, we bring attention to the problem issues before they occur. AI solutions are capable of accepting numbers, text, images and videos to make such predictions. This enables wide applicability of AI, but it also requires a trained problem solver to tailor each AI solution to address each problem.
Select the sector you are interested in to find out more information on how artificial intelligence is applied.