[Lecture] Artificial Intelligence for Load Forecasting: History, Illusions, and Opportunities
Dec. 10, 2021
Speaker: Prof. Tao Hong, University of North Carolina at Charlotte
Host: Prof. Song Jie, PKU College of Engineering
Time: 9:00-10:30 am, Dec.10, 2021, Beijing Time
Artificial Intelligence (AI) has found many applications in today’s world, such as computer vision for self-driving cars, speech recognition for personal assistants, and algorithm design for strategy gaming systems. While enjoying the convenience brought by AI to our daily life, people may be wondering when and how AI started and evolved. In fact, AI has gone through several waves since 1940s. One of the first commercial applications of AI was found right in the power industry, where artificial neural networks were practically used forshort-term load forecasting in 1990s. During the past three decades, the research community has published thousands of load forecasting papers that promote AI-based models. Nevertheless, most of them are still at the theoretical level,with few adopted in practice. This presentation will examine five illusions associated with developing AI-based load forecasting models, and present the clarifications to help improve the efficiency of AI research for load forecasting given the opportunities in the big data era.
Dr. Tao Hong is Professor, Graduate Director, and Research Director of Systems Engineering and Engineering Management Department, Director of BigDEAL (Big Data Energy AnalyticsLaboratory), and NCEMC Faculty Fellow of Energy Analytics. He is Director at Large of International Institute of Forecasters (IIF), General Chair of Global Energy Forecasting Competition (gefcom.org), the Founding and Past Chair of IEEE Working Group on Energy Forecasting, and Founding and Past Chair of IIF Section on Water, Energy and Environment (SWEET). Dr. Hong serves as a Department Editor of IEEE Transactions on Engineering Management, Associate Editor of International Journal of Forecasting, and Associate Editor of Solar Energy. Dr.Hong received his B.Eng. in Automation from Tsinghua University in Beijing and his PhD with co-majors in Operations Research and Electrical Engineering from North Carolina State University.
Source: PKU College of Engineering