AI is a key focus in today’s business landscape, with many companies exploring its applications across various domains. In the ETRM space, AI offers transformative potential. For instance, large language models (LLMs) are being adopted for enhanced reporting and streamlined data entry. Generative AI (GenAI) is increasingly applied in simulations, while AI’s capability to process and interpret unstructured data proves valuable in market analysis and back-office operations. Robotic process automation (RPA) further enhances efficiency across diverse business processes. However, AI and machine learning (ML) are indispensable in areas where massive volumes of data need to be processed. Here, Hitachi offers multiple solutions leveraging these technologies. I recently had the opportunity to speak with Hugo Stappers, Hitachi’s Global Sales Leader, about company’s advancements in AI. He was enthusiastic about the company’s forecasting solution, Nostradamus AI. Designed specifically for the energy industry, this forecasting platform delivers precise predictions for consumption, production, pricing and more, Hugo told me. As a cloud-native and scalable solution, Nostradamus AI seamlessly integrates with existing systems, making it both easy to automate and highly adaptable to customer needs. The platform is based on a robust data foundation that combines grid performance metrics, market forecasts, and advanced asset monitoring.… continue reading