Centre for the Fourth Industrial Revolution Network 2023-2024

Page 21 of 45 · 2024 · WEF_Centre_for_the_Fourth_Industrial_Revolution_Network_2023-2024.pdf

21 Action: To achieve its objectives, the initiative is conducting a series of detailed interviews with key stakeholders in Azerbaijan. These discussions focus on identifying the gaps, challenges and opportunities in the current energy management framework. Next steps: A workshop reviewed and triaged these use cases, with stakeholders selecting one representative case for pilot implementation, further analysis and inclusion in publications such as a white paper on AI and energy and a solution toolbox for net zero-carbon cities. Result: The information gathered will be instrumental in crafting targeted use cases and lessons learned that improve urban energy management through AI solutions, both in Azerbaijan and globally. Azerbaijan Context: The AI in Energy Initiative seeks to explore opportunities for the integration of AI in Azerbaijan’s energy systems with the aim of enhancing sustainability and energy efficiency, particularly in urban environments. In close collaboration with the World Economic Forum, we are working on an AI in Energy pilot project aimed at optimizing energy consumption, enhancing energy efficiency, reducing operational costs, and minimizing environmental impact in Azerbaijan. The positive and successful outcomes will serve as a model for replication in other countries. Fariz Jafarov Executive Director, Centre for the Fourth Industrial Revolution AzerbaijanCase study 7: AI and energy
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