Companies can use AI analytics to cut costs by up to 20%, claims Siemens. The German conglomerate has teamed with software company Bentley Systems to launch a service analysing power plants’ energy usage. Siemens is also working on an artificial intelligence platform that will help it predict the future of its customers and provide them with more relevant information about their needs. The current focus is power plants, but Siemens emphasises that the technology could be harnessed in industries as diverse as healthcare and mobility.
Companies can use AI analytics to cut costs by up to 20%, claims Siemens. The German conglomerate has teamed with software company Bentley Systems to launch a service analysing power plants’ energy usage. The technology can suggest operational changes based on patterns in the data, to make the plant more efficient. The current focus is power plants, but Siemens emphasises that the technology could be harnessed in industries as diverse as healthcare and mobility.