By Francois Vazille, Vice President of Japac & Emea, Oracle Utilities
The data and artificial intelligence (AI) revolution have transformed everything from how we shop to how we order food and transportation, and the power and utility industry is no exception. As new energy and data sources continue to grow, utilities are trying to take a more holistic approach to better understand and manage resources – whether they be physical assets or people.With AI-powered solutions, utility operators can leverage comprehensive, real-time models to ensure a more resilient and efficient grid, with machine learning (ML) working behind the scenes to analyze disparate data sources and provide actionable insights back to the business and customers.This is especially true in how utilities can manage through an increase in catastrophic weather events, to ensure that field crews are at the ready and can re-establish power to customers as quickly as possible. AI is transforming this process by helping utilities. Predict Major Weather Events Having an outage management plan is critical for utilities, as waiting to simply react to a storm event is often costly and ineffective. A proven outage management system, with built-in AI, can minimize the impact of natural disasters via an improved understanding of event scenarios, real-time grid monitoring and more effective use of people resources.