Forecasting Electricity Consumption | Automate Forecasting with A.I. Machine Learning

This video shows how Gleematic can do time series forecasting with A.I. Machine Learning. In this video, Gleematic will forecast monthly electricity consumption.
This capability will be useful for both electricity suppliers and building management:
1. Budgeting and Financial Planning
For electricity suppliers, consumption forecasts contribute to better financial planning: in setting appropriate pricing structures and estimating potential income.
2. Building Management
To understand and manage the electricity consumption of different units within a facility. This enables them to implement demand-side management strategies to reduce cost.
3. Optimizing Energy Generation and Distribution
Electricity suppliers can optimize the generation and distribution of electricity. Accurate predictions enable them to plan for peak demand periods and ensure a reliable and efficient supply.
01:09 Parameters used for forecast
02:32 AI Machine Learning used for forecasting
03:04 Running Gleematic
03:21 Forecasting result
Have a faster and easier automation process with Gleematic: no coding is needed! You just simply need to customize Gleematic according to your needs and the process is automated!
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