Artificial intelligence (AI) is transforming the energy sector in Latin America and the Caribbean, with 67% of organizations increasing their AI budget in the next two years. The main motivation for intensive use of AI is to improve efficiency and optimize internal processes. AI tools have proven effective, reducing costs and analysis times.
AI offers multiple value creation opportunities in the energy sector, from optimizing energy use in smart homes to predicting production in hydroelectric plants. Furthermore, the implementation of digital twins in hydroelectric plants and the use of smart energy grids are improving infrastructure management and monitoring. But their implementation faces key challenges. How can the region avoid reliance on foreign algorithms by creating ethical frameworks and ensuring the widest possible access to data on an equitable basis?
