An employee walks past signage displayed inside Iflytek Co.'s regional headquarters in Guangzhou, China, on Tuesday, Oct. 31, 2017. Iflytek, which specializes in voice recognition, is collaborating with Guangzhou Pharmaceutical Holdings Ltd. on a network of health centers that will rely partly on artificial intelligence for diagnosis and treatment. Photographer: Qilai Shen/Bloomberg
FRANKFURT: Utilities can increase their efficiency by using more artificial intelligence (AI) technology, such as software to predict demand swings in the power grid or to control home appliances, consultancy Roland Berger said.
European utilities could achieve efficiency gains of up to a fifth over the next five years using such technology, it said, adding that less than a quarter of firms had a strategy to do this.
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