Integrating Artificial Intelligence Into the Energy Sector

Integrating Artificial Intelligence Into the Energy Sector

Pages: 300
DOI: 10.4018/979-8-3693-7112-1
ISBN13: 9798369371121|ISBN13 Softcover: 9798369371138|EISBN13: 9798369371145
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Description & Coverage
Description:

Artificial intelligence plays a crucial role in various industrial settings. The energy sector, in particular, stands out as a promising field for the application of AI technology. Essentially, artificial intelligence equips machines with the capability to acquire knowledge and make decisions aimed at solving problems or enhancing outcomes to achieve specific objectives. Given the numerous decisions that need to be made in the energy industry, timely responses are imperative, necessitating the handling of substantial amounts of data. Artificial intelligence excels in efficiently executing these critical decisions that demand swift data collection and analysis while ensuring optimal processing speed.

Smart grids not only transmit electricity but also data, particularly crucial in managing intermittent and unpredictable energy sources like solar and wind power. Effective balancing of consumption and generation is more vital than ever in such scenarios. The integration of artificial intelligence in the energy domain holds promise in addressing climate change, reducing emissions resulting from technological advancements in industry, maintaining energy equilibrium, and mitigating environmental impacts. A fundamental application lies in leveraging machine learning, a pivotal component of artificial intelligence, to enhance the efficiency of power generation systems, refine technological designs, and create energy-conserving devices.

The future landscape of transportation is increasingly centered on electric mobility, albeit accompanied by fresh challenges. Artificial intelligence is being incorporated into the realm of electric vehicles, both within the vehicles themselves to manage operations and relay data for tackling these challenges, and externally to streamline the management of reports and deploy intelligent mobility solutions. The energy sector is witnessing the nascent integration of artificial intelligence, already proving to be indispensable in furnishing the industry and households with novel information services for overseeing energy infrastructure. This includes optimizing power generation, curbing consumption, and combating climate change, among other commitments that underscore the potential role of AI in the forthcoming era.

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Editor/Author Biographies

Dr. Abdelkader Mohamed Sghaier Derbali is an Assistant Professor in Finance at the Department of Finance and Accounting, Higher Institute of Informatics and Management of Kairouan, Kairouan University, Kairouan, Tunisia and at the Department of Administrative and Financial Sciences, Applied College, Taibah University, Saudi Arabia. He is one of the Editorial Board Members in the Journal of Energy Markets, International Business Review, Cogent Economic & Finance, International Review of Applied Economics, African Journal of Accounting, Auditing and Finance, and African Journal of Economic and Sustainable Development. His research interests include Risk Management, Systemic risk, International finance, Capital markets and institutions, Banking and market microstructure and Islamic Finance. He has published articles, among others, in Research in International Business and Management, Cogent Business & Management, Cogent Economic & Finance, Journal of Chinese Governance, The Chinese Economy, Journal of Energy Markets, and International Journal of Trade and Global Markets.

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