Veritone Wins 2021 Artificial Intelligence Excellence Award for Second Consecutive Year
March 29 2021 - 9:05AM
Business Wire
Veritone Energy Solutions wins highest honors
in Business Intelligence Group annual AI industry awards
program
Veritone, Inc. (NASDAQ: VERI), the creator of the world’s first
operating system for artificial intelligence, aiWARE™, today
announced that Business Intelligence Group has named Veritone as a
winner in the 2021 Artificial Intelligence Excellence Awards for
its patented suite of real-time AI-powered Veritone Energy
Solutions.
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the full release here:
https://www.businesswire.com/news/home/20210329005208/en/
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Launched in the fall of 2020, Veritone’s energy solutions
optimize smart grid energy distribution by continuously knowing how
much of what type of energy to deliver where, providing grid
resilience and autonomous microgrid management when portions of the
grid fail, and optimal economic dispatch during normal
operations.
The solutions deliver supply/demand forecasting, energy
smoothing and optimization, DER synchronization and predictive
control, energy arbitrage, and smart grid simulation. The solutions
collect current weather forecast data, energy demand, and pricing
data, and detect the current state and capacity of all energy
devices, to intelligently determine the ideal energy supply mix and
pricing to meet grid demand, in real time. Utilities and developers
can now deliver profitable renewable energy with unparalleled grid
efficiency and resiliency.
Veritone’s AI solutions for energy are covered by 13 patents
issued in the United States and other countries, with an additional
16 patent applications pending. The patented Cooperative
Distributed Inferencing (CDI) technology forms the backbone of
Veritone Energy Solutions, delivering real-time dynamic modeling
and control that continuously ensures predictable energy
distribution and resilience across the grid.
“We are honored to be recognized as a top AI company for our
suite of AI-powered energy solutions,” said Chad Steelberg, CEO and
founder of Veritone. “As the world transitions to more renewable
energy resources, the unpredictability of these green energy
sources poses a challenge to supply and demand. AI enables grid
operators and developers to better forecast, dispatch and store
energy in real-time enabling a smooth transition to
renewables.”
The Artificial Intelligence Excellence Awards program recognizes
the organizations, products and people who bring AI to life and
apply it to solve real problems. This is the second consecutive win
for Veritone. In 2020, Veritone’s turnkey AI applications for law
enforcement agencies, Veritone IDentify and Veritone Redact, were
recognized in the inaugural Artificial Intelligence Excellence
Awards program.
“We are so proud to name Veritone as a winner in our Artificial
Intelligence Excellence Awards program”, said Maria Jimenez, chief
nominations officer for Business Intelligence Group. “It was clear
to our judges that Veritone was using AI to improve the lives of
their customers and employees. Congratulations to the entire
team!”
Veritone’s AI-powered energy solutions are comprised of four
flagship energy applications – Forecaster, to accurately
predict energy supply, demand and price; Optimizer, to make
AI-based energy supply determinations; Controller, for
dispatch reliability, predictive device control, and
synchronization; and Arbitrage, for buying, selling and
dispatching energy in near-real-time – built on Veritone’s
operating system for AI, aiWARE™.
For more information on Veritone Energy patented technology,
including supporting scientific research, please visit:
https://www.veritone.com/solutions/energy/
About Veritone
Veritone (NASDAQ: VERI) is a leading provider of artificial
intelligence (AI) technology and solutions. The Company’s
proprietary operating system, aiWARE™, powers a diverse set of AI
applications and intelligent process automation solutions that are
transforming both commercial and government organizations. aiWARE
orchestrates an expanding ecosystem of machine learning models to
transform audio, video, and other data sources into actionable
intelligence. The Company’s AI developer tools enable its customers
and partners to easily develop and deploy custom applications that
leverage the power of AI to dramatically improve operational
efficiency and unlock untapped opportunities. Veritone is
headquartered in Denver, Colorado, and has offices in Costa Mesa,
London, New York, and San Diego. To learn more, visit
Veritone.com.
About Business Intelligence Group
www.bintelligence.com
The Business Intelligence Group was founded with the mission of
recognizing true talent and superior performance in the business
world. Unlike other industry award programs, these programs are
judged by business executives having experience and knowledge. The
organization’s proprietary and unique scoring system selectively
measures performance across multiple business domains and then
rewards those companies whose achievements stand above those of
their peers.
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version on businesswire.com: https://www.businesswire.com/news/home/20210329005208/en/
Allison Zullo Walker Sands, for Veritone
veritone@walkersands.com 330-554-5965
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