Opinion: Why Artificial Intelligence Matters in the Energy and Waste Sectors


INSIGHT


  • ARTIFICIAL INTELLIGENCE HAS CREPT INTO EVERY CORNER OF OUR LIVES.

  • THE ENERGY INDUSTRY WILL BE PROFOUNDLY AFFECTED BY ARTIFICIAL INTELLIGENCE. A.I. WILL UNDERMINE CENTURIES-OLD BUSINESS MODELS IN THE ENERGY INDUSTRY.

  • THE WASTE INDUSTRY WILL SEE MAJOR EFFICIENCY GAINS. THIS WILL LEAD TO SIGNIFICANT COST SAVINGS, ESPECIALLY IN OPERATING EXPENSES.



1. RESTRUCTURING WILL TAKE PLACE IN ALL SECTORS OF INDUSTRY. THE ENERGY AND WASTE INDUSTRY WILL NOT BE AN EXCEPTION TO THIS TREND.


We want to take a more holistic approach and look at the impact of artificial intelligence on energy and waste management. What we see is that the energy and waste industry is being reshaped and restructured by artificial intelligence. This happens precisely because artificial intelligence is an all-encompassing multi-purpose solution to solve problems efficiently. It also saves the user time and energy.


2. USE OF A NEW TECHNOLOGY: A TECHNOLOGY CAN BE USED IN SEVERAL WAYS AND SOLVE SEVERAL PROBLEMS AT THE SAME TIME.


With artificial intelligence, an algorithm can be reused in many different ways for a whole range of different industries. In this case, A.I. is being used for automation processes in the recycling processes in the waste industry. A.I. is used to automate the process of managing and operating the power grid infrastructure.


3. ARTIFICIAL INTELLIGENCE IS ONLY POSSIBLE BECAUSE THE EXISTING INFRASTRUCTURE IS SO ADVANCED. THIS ENABLES THE USE OF MULTI-PURPOSE TECHNOLOGIES, WHICH ARE USED IN VARIOUS INDUSTRIES.


Artificial intelligence will become a layer existing on top of the existing infrastructure. In fact, artificial intelligence wouldn’t even exist without the electricity grid and infrastructure that the private sector and governments have provided over the last 150 years in the Western world. We can see that very easily when examining the smart metering and smart grid solutions which come on top of existing infrastructure.


4. MACHINE LEARNING WILL GET BETTER AND BETTER OVER TIME UNTIL IT STARTS TO CHALLENGE MID-LEVEL WORKERS WHILE AT THE SAME TIME IT DOESN’T CREATE NEW WORK. TWO JOBS BECOME JUST ONE JOB BUT NO NEW JOBS ARE BEING CREATED IN THE ECONOMY.


In fact, there will be much less demand for work performed in general, especially for skill sets that once obtained do not change over time. The same process will shape the waste industry as well, and currently we can see that process reshaping the whole industry as the whole recycling industry becomes over time less dependant on workers in general to do the work.


Many thanks for the shared interest in the energy world!



This article is just meant to inform the reader of recent developments in the energy industry at large and to share knowledge and insights with a wider audience. The author does not put forth investment recommendations. This article should not be taken as investment advice and the author cannot be held to account for investments made. For more information, please refer to the Legal Disclosure and Privacy Policy, which you can click on or find at the top of this page in the menu bar. 

Email:

support@boegelsackenergy.com