We are creating some awesome events for you. Kindly bear with us.

The Philippines’ DOST Supports AI Tool to Cut Electricity Cost

A smart energy analytics platform developed by a local energy start-up has the potential to enable Philippine firms to reduce their electricity bill and save money. The tech is equipped with an electronics board, which is an artificial-intelligence-powered system that assesses the client’s profile and behaviour using historical and real-time data.

With the system, customers that have monthly electricity bills of USD 50,000 or above can find their best match retail electricity suppliers (RES) and save up to 30% on their electricity bill.

The electronic device, called a procurement, will give the consumer remote access to at least 79% of the available retail power in the market, allowing them to see which RES have high ratings in the system and is most suitable to their energy needs.

The system also offers a cloud-based energy monitoring and reporting tool dubbed as analytics so that facility engineers can keep track of power consumption online. Both systems are capable of remote energy monitoring and procurement.

Supported by the Technology Innovation for Commercialisation (TECHNICOM) programme of DOST-TAPI and monitored by Department of Science and Technology – Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD) and currently housed at the Creativity and Innovation Hub of Ateneo de Manila University, the system will serve as the dedicated procurement arm to provide great and positive customer experience.

The biggest mall chain in the Bicol region has adopted the technology and acquired three retail electricity contracts to save almost USD 120,000 annually. They hope that this AI-powered technology will help more Filipino business owners to save up on electricity and help them in their operations.

The PCIEERD believes in the huge potential of this technology to minimise energy waste and maximise savings on electric bills, that is why the agency invested in it, said PCIEERD executive director Enrico C. Paringit. He added that they cannot wait to see more innovative energy-saving ideas in the Philippines, changing lives and helping others in the process.

The system’s utility model application is still in progress through the assistance of the Ateneo Intellectual Property Office. The team is now working to refine the AI-powered system and its processes to better serve the Filipino community.

As reported by OpenGov Asia, the Philippines’s Department of Trade and Industry (DTI) recently launched the national artificial intelligence (AI) roadmap which made the Philippines one of the first 50 countries in the world to have a national strategy and policy on AI.

As the country aims to be an AI powerhouse in the region, the roadmap will establish the private sector-led National Centre for AI Research (NCAIR) which will serve as a shared hub for AI research. Also, the agency stated that the AI roadmap would help the country to be a hub for data processing providing high-value data analytics and AI services to the world given the country’s strong business process management sector.

Among the applications of AI are in real estate, banking and financial services, surveillance, retail and e-commerce, education, space exploration, agribusiness, urban planning, manufacturing, healthcare, and logistics and transportation.AI would also help government services become more efficient, said the agency.

With the launching of the AI roadmap, the DTI targets to guide the use of AI to maintain the regional and global competitiveness of local industries; and identify key areas, in both research and development and technology application, for investing time and resources of government, industry, and broader society. It also aims to recommend ways for effectively fostering a triple-helix of research and development (R&D) collaboration among government, industry, and academe, which would be essential to national development; put forward approaches for preparing the future workforce for the jobs of the future; and attract the biggest industries to set shop in the country, which would generate more jobs for Filipinos.

Send this to a friend