Author: PPD Team Date: 11/12/2024
Hitachi Energy has introduced Nostradamus AI, a cutting-edge artificial intelligence (AI)-powered energy forecasting solution.
The solution leverages over 30 years of energy market data to provide utilities, power system operators, energy producers, and traders with highly accurate forecasts tailored to energy-specific use cases.
Nostradamus AI is designed to be one of the first AI-driven forecasting tools specifically for the energy sector. It offers forecasts that are over 20% more accurate than many industry benchmarks, optimizing energy investments, trading strategies, and revenue opportunities. The solution enhances operational efficiency, resource planning, and regulatory compliance.
Nostradamus AI can process vast data sets, increasing forecast accuracy.
Nostradamus AI is a cloud-native, composable solution with the flexibility to scale from a single forecast to thousands. It integrates seamlessly with customer data and supports various AI models, making it adaptable to diverse energy industry needs.
With a focus on energy-specific forecasting, it allows users to generate tailored predictions for system load, wind generation, solar generation, market pricing, and more, enabling informed, data-driven decision-making.