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Veritone Forecaster

Accurately predict energy supply, demand and price

Monitor weather in real time and accurately forecast energy demand and price

Benefits of Forecaster

Energy Forecasting for a Changing Industry

We are witnessing the decarbonization, democratization, decentralization and digitization of the energy industry, and with it unpredictable and less reliable green energy sources, new forms of energy storage, and energy supply and demand imbalances that impact customer satisfaction and company profitability.
Veritone harnesses the power of AI to revolutionize today’s energy ecosystems through proprietary, intelligent, near-real-time energy forecasting, helping you deliver the right type and amount of clean energy to the right device, at the right time and the right price.

Forecast energy needs and prices in real time

AI-powered Forecaster generates highly accurate energy price forecasts using historical and near real time data modeling of predicted power demand.
Forecaster models consider multiple weather variables to produce the best performing forecast, then uses that forecast to predict demand and price for the short, medium and long term. These models dynamically adjust to changing climate conditions – for example a heat wave will cause higher air conditioning usage at peak hours – and learns over time to get smarter with its predictions using auto-retraining and adaptation.

Capabilities

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    Multi-variable models

    Forecast energy demand using AI that takes advantage of multi-variable models that consider cloud density at different elevations, humidity, temperature, wind, and other factors.

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    Optimized price forecasting

    Optimizer uses mulitple energy demand forecast models to dynamically set the right price for that energy, generating long, medium, and short term price and load forecasts based on historical and real-time data.

  • Auto-retraining and adaptation

    Automatically learn over time and improve your demand and price forecasting with Optimizer’s auto-retraining and adaption feature, which adjusts to changes in weather, supply and demand, and price.

  • Complex, Near-Real Time Decision Making

    Veritone’s patented Cooperative Distributed Inference (CDI) technology performs complex, near-real time decision making around forecasting, optimization and device control. CDI is capable of handling vast amounts of heterogeneous and distributed information containing millions of variables and hundreds of thousands of constraints. CDI also learns over time, blending adaptive learning with business rules composition.

What Users Say

  • Microsoft Azure Energy
    The power of Veritone’s cutting edge AI solutions allows utilities to rapidly integrate new sources of energy with the confidence of knowing their infrastructure is optimized for cost, reliability, and longevity.
    Larry Cochrane
    CTO
    Microsoft Azure Energy

Resources

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