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UID:91@cds.iisc.ac.in
DTSTART;TZID=Asia/Kolkata:20241213T154500
DTEND;TZID=Asia/Kolkata:20241213T164500
DTSTAMP:20241212T165143Z
URL:https://cds.iisc.ac.in/events/seminar-cds-102-cds-seminar-hall-13th-de
 cember-use-of-data-ml-and-ai-to-accelerate-the-energy-transition/
SUMMARY:{Seminar} @ CDS : #102\, CDS Seminar Hall : 13th December: "Use of 
 Data\, ML\, and AI to Accelerate the Energy Transition"
DESCRIPTION:We welcome you to CDS-OIR talk on 13 December 2024 (Friday). Th
 e details are as below:\n\n\n\nSpeaker: Professor Geoffrey G. Parker\, Int
 erim Faculty Director of the Irving Institute at Dartmouth.P\nTitle: "Use 
 of Data\, ML\, and AI to Accelerate the Energy Transition"\nDate and Time:
  December 13\, 2024\, 3:45 PM\nVenue: #102\, CDS Seminar Hall\n\n\n\nAbstr
 act: The world is engaged in a multi-decade\, multi-trillion-dollar effort
  to decarbonize the energy systems powering the global economy\, involving
  substantial technological\, economic\, and social change. Critical scient
 ific advancements are needed to tackle challenges like carbon removal and 
 energy storage alongside a secondary wave of innovation. The rapid growth 
 in information capture\, storage\, processing\, and transmission offers op
 portunities to boost efficiency in manufacturing\, logistics\, and mobilit
 y. Integrating previously isolated systems will unlock new capabilities.\n
 \nAs the electric power system increasingly depends on intermittent renewa
 ble sources like wind and solar\, it must balance supply and demand. Deman
 d\, once seen as random with strong seasonality\, can now be treated as di
 spatchable akin to supply. Moving beyond simple time-of-use pricing to ada
 ptive control requires integrating distributed systems such as local stora
 ge\, HVAC\, and rooftop solar. To harness these systems' energy and reserv
 e capabilities\, precise information signals are essential for a coordinat
 ed\, impactful response. This transition will demand new predictive models
  and markets\, powered by data and AI.\n\nBio of Speaker: Geoffrey Parker 
 is the Charles E. Hutchinson '68A Professor of Engineering Innovation at D
 artmouth College and serves as Interim Faculty Director\, Arthur L. Irving
  Institute for Energy and Society. As Interim Faculty Director\, Parker ov
 ersees all academic engagements and programs of the Institute. He is also 
 a research fellow at MIT’s Initiative for the Digital Economy where he l
 eads platform industry research studies and co-chairs the annual MIT Platf
 orm Strategy Summit. He received a B.S.E. from Princeton and M.S. and Ph.D
 . from MIT. Before joining academia\, he held positions in engineering and
  finance at GE. Parker is a leading expert on network economics and platfo
 rm business strategies and has made significant contributions as co-develo
 per of the theory of “two-sided” markets. He is co-author of the book 
 “Platform Revolution\,” published in ten languages. Parker won the Thi
 nkers50 2019 Digital Thinking Award\, along with Marshall Van Alstyne\, fo
 r the concepts of the inverted firm\, two-sided markets\, and how firms ca
 n adapt and thrive in a platform economy. Parker’s current research prog
 ram explores platform applications to energy systems\, manufacturing\, and
  logistics. In Spring 2020\, he was elected as a Fellow of the Production 
 and Operations Management Society. In Fall 2020 he joined the World Econom
 ic Forum’s Global Future Council on Advanced Manufacturing and Productio
 n. He also served on an expert panel of the European Commission to provide
  commentary and feedback on the EU Digital Markets Act. Parker is a freque
 nt keynote speaker and advises senior leaders on their organizations’ di
 gital transformation and platform strategies.\n\nInformal interactions and
  Q&amp\;A session will follow the lecture.\n\nHost faculty: Prof. Yogesh S
 immhan\n\n\n\nALL ARE WELCOME
CATEGORIES:Events,Talks
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