The technology industry is a hotbed of innovation, driven by the need for efficient energy management, integration of renewable energy sources, grid modernization initiatives, and the use of machine learning, data analytics, optimization algorithms, and IoT devices. GlobalData’s report on Innovation in Artificial Intelligence: Smart grids states that there have been over 3.6 million patents filed and granted in the technology industry in the last three years. GlobalData’s Technology Foresights plots the S-curve for the technology industry using innovation intensity models built on over 2.5 million patents, and identifies 300+ innovation areas that will shape the future of the industry. Finite element simulation, ML-enabled blockchain networks, generative adversarial network (GAN), demand forecasting applications, intelligent embedded systems, and deep reinforcement learning are some of the disruptive technologies that are in the early stages of application.
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