How long term modeling of our future energy system can be mapped with artificial intelligence and machine learning

Today, technology and sustainability are the main axes of development. To secure the planet and continue the growth of industry, we are engaged in a global energy transition. Most countries have become aware that measures must be taken to address a problem that, if not curbed, will have catastrophic consequences for the environment and, of course, for human beings themselves.

However, such a transformation requires the support of technology and, because of the enormous amount of data, artificial intelligence and machine learning courses are the basis to ensure the advancement of the energy sector. At Imarticus you can join the postgraduate program in data analytics & machine learning (AIML).

Technology as a tool

Changing the energy paradigm of the last century will be an arduous and complicated task. That is why new technologies have a lot to say as tools to facilitate evolution. The Internet of Things, machine learning, artificial intelligence, and Big Data will be key to making the processes of change as effective as possible. Massive data analysis must become a fundamental pillar for transforming how energy is generated, transmitted, and distributed.

Artificial Intelligence allows us to handle enormous quantities and analyze them logically and reasonably. About energy, in particular, we have data on meteorology, health, or the behavior of the people involved in the system: who generates electricity, who transports and distributes it, and who consumes it.

Data that, when properly analyzed, can provide a tailor-made understanding of the sector. The development and implementation of intelligent systems must not only facilitate the massive introduction of alternative energy sources but will also have the task of achieving rationalized storage of this energy, as well as providing greater flexibility for the demand, i.e. the people who use it.

Three levels of analytics can be applied: descriptive, to know what information is available and where to apply intelligence, predictive analytics, to anticipate production or demand, and prescriptive analytics. With the data, we work on predicting production, including renewable energies and demand, with the implementation of smart meters. In addition, technical and non-technical incidents, such as energy fraud, are detected. All of this is aimed at optimising the energy model, with the resulting economic and environmental benefits. We will see a huge take-off in the number of professionals who will choose to pursue a machine learning career.

Tools for the consumer

In this scenario, smart meters and internet-enabled sensors will be commonplace, which will improve our energy use while at the same time making it possible to bring costs in line with what each individual actually consumes.

Thus, machine learning will automate processes, while artificial intelligence will make it possible for devices to work automatically and learn from consumers’ habits. This will also be possible on a large scale, so that the operation of future solar or wind power plants, to give just two examples, will be more effective in a shorter space of time.

In this respect, we should note that although everyone is involved in the energy transition and awareness must start in every household, the technology will be geared towards people having little to do in terms of reducing consumption and costs.

Artificial intelligence-based models and predictions facilitate and will continue to be a major advantage in mapping energy systems. What is most surprising is that this is just one of the many applications of these technologies. If you want to contribute to the change, you can sign up for AI and ML courses by E&ICT Academy, IIT Guwahati.

What are Altcoins? How do They Differ from Bitcoin?

An altcoin is an alternative cryptocurrency to the traditional and most popular ones like bitcoin. They are currently on the rise due to the volatility of the cryptocurrency market, which carries many risks. With an altcoin, transactions are much faster, it is generally less volatile than bitcoin and arguably has a higher level of stability. In addition, altcoins have an influence on the process and scope of the blockchain.

Since the emergence of bitcoin, the concept of a decentralized peer-to-peer (P2P) payment network has inspired the establishment of multiple digital assets. The cryptocurrencies that emerged after bitcoin are called ‘altcoins’. Their name is a fusion of “alternative” and “coin”. 

With Namecoin came the onset of altcoins, which started in 2011 and it was created using the same blockchain technology engine as bitcoin. Namecoin is an integral part of the altcoin story as it proved that there is enough room in cryptocurrency markets for more than one type of digital asset.

Today, of the total cryptocurrency market, altcoins represent approximately 31% of it and bitcoin represents the remaining percentage. Many altcoins share the main characteristics of bitcoin, as they do not depend on banks, financial establishments, or any kind of the third party to be transferred from one person to another.

The Blockchain Technology

By using blockchain technology, details on transactions are accumulated in blocks that need to be verified to guarantee that they are genuine. In this sense, as soon as the block is approved by an algorithm, it is converted into an official part of the general distributed book. Since the blockchain is put in storage on servers and computers all over the planet, it is almost impossible to hack such a huge system. For that reason, blockchain technology is thought to be reliable and the financial future. 

How Do You Get Altcoins?

Similar to bitcoin, altcoins can behave as both assets and currencies. The simplest way to obtain them is to buy them online. Today, there are over 350 different exchange platforms where altcoins get traded each day. Among the most popular cryptocurrency exchange sites are Bittrex, Kraken, Binance, and Coinbase, but you can also buy and sell selected cryptocurrencies over numerical payment systems such as Venmo or PayPal.

The prices of altcoins are established by sellers and buyers transacting on the exchanges, and therefore prices for the cryptocurrencies can be quite volatile. To purchase them, you will have to have a digital wallet where you can store the altcoins. When selecting a wallet, you should be careful to know the cryptocurrencies it allows because not all of them except the ones on the market.

Why Choose Imarticus for Online MBA Course?

At Imarticus we offer a one-of-a-kind FinTech MBA program that will give you the best Blockchain Training. This immersive FinTech learning experience will allow you to apply what you learned when facing real business problems. Thanks to our blockchain technology courses you will become a FinTech expert.

If your profile is more of a graduate with 1-2 years of experience, then you will love our PGP in New Age Banking. It is the perfect option for beginner professionals looking to build a career in the new banking industry.

Conclusion

The future of currency is here. With cryptocurrencies such as Bitcoin and the Altcoins becoming more and more stable, you cannot be left behind in learning all you need to know about blockchain technology. Subscribe today to one of our courses at Imarticus and become part of the future!

How the Transportation and Logistics Industry is Leveraging IoT and Blockchain for Environment Monitoring

Several external factors impact the businesses in the transportation and logistics industry. These determine the condition of the business processes and how the clients respond to them. Environment monitoring helps track all these factors that can impact the business processes and change the requirements in terms of services or products.

You can choose Imarticus Learning’s SCBI program if you are interested in the environmental monitoring of transportation and logistics businesses. As a Cloud DevOps engineer specializing in IoT and Blockchain, you can work in various industries, including transportation and logistics. 

Application of IoT and Blockchain in the Transportation and Logistics Industry

Commercial transportation is a huge part of several businesses. However, there are specific logistical challenges involved. The most significant of these challenges is cost. Following traditional methods of monitoring and evaluating transportation, companies often rely on paper transactions. This leads to an exorbitant cost that companies cannot reduce. Apart from the costs, processing times also increase. It can take ages and cause a delay in both payment and delivery. Therefore, there is a need to streamline all business operations and optimize them to reduce cost and time. You can do this through IoT and Cloud computing as well as Blockchain integration. 

best software engineering certification courseTo understand how the implementation of IoT and Blockchain can benefit the transportation and logistics industry, you need to consider environmental monitoring. Constant environmental monitoring with IoT and Blockchain can provide a clear picture of all demographic, economic, social, political, and legal factors affecting the industry. 

Apart from external factors influencing business processes, there are often risks involved that need assessment. In the transportation and logistics industry, you will have to deal with the risk of duplication or manipulation of files. If this happens, then transportation will be held up till all logistical issues are resolved. However, with Blockchain technology, such manipulation is not possible. The digital files created cannot be modified by anyone. 

IoT can also be instrumental in cargo monitoring for the transportation and logistics industry. IoT improves transparency and monitors the movement of cargo in real-time. Here sensors are used, and all parties involved are alerted in case of any breach. Thus, there is little chance of corruption or fraud. IoT and Blockchain can also assist in cargo shipping. The use of such technology ensures that the code of conduct is maintained and a continuous flow of data. The increased accessibility of information ensures that all transportation processes are optimised and transparent. 

To learn IoT and Blockchain, you can opt for a Blockchain course. However, it would be best to choose a course that includes all concepts related to software solutions. 

Understanding the Importance of IoT and Blockchain

To understand the importance and application of IoT and Blockchain technology in the transportation and logistics industry, you need to enroll in Imarticus Learning’s Certification in Software Engineering for Cloud, Blockchain, and IoT. The course offers in-depth knowledge about big data processing, IoT analytics, Blockchain fundamentals, and Blockchain development.

The duration of the software engineering program from Imarticus Learning is nine months. You will receive extensive training and industry experience during this period. Apart from the Blockchain course and specialization in IoT, you will also develop Cloud, NLP, machine learning, deep learning, and data science skills. It will open up many doors, and you can land a job in your field of interest and expertise. You can become a Cloud DevOps engineer or explore different careers. 

best software engineering certification courseThe software engineering program from Imarticus Learning is in collaboration with IIT Guwahati and E & ICT Academy. So, you can interact with industry experts and discuss the impact of IoT and Cloud computing in the current times. This will help you establish a network within the industry.