Virtualitics earns Built In’s 100 Best Places To Work and top 50 Best Small Companies To Work in Los Angeles 2022.

Built In today announced that Virtualitics was honored in its 2022 Best Places To Work Awards. Specifically, the annual awards program includes companies of all sizes, from startups to those in the enterprise, and honors both remote-first employers as well as companies in the eight largest tech markets across the U.S.

“At Virtualitics we strive to create an inclusive culture based on compassionate values and yet at the same time rooted in a bottom line approach.” says Michael Amori, CEO & Co-Founder, Virtualitics.

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“It is my honor to extend congratulations to the 2022 Best Places to Work winners,” says Sheridan Orr, Chief Marketing Officer, Built In. “This year saw a record number of entrants — and the past two years fundamentally changed what tech professionals want from work. These honorees have risen to the challenge, evolving to deliver employee experiences that provide the meaning and purpose today’s tech professionals seek.”

About Virtualitics

​​Virtualitics is a fast-growing startup providing AI-as-a-Service to help uncover key insights in data. Our software helps customers through a combination of machine learning, immersive data visualization, and a collaborative shared virtual environment. Our technology is based on a decade of research at Caltech (California Institute of Technology) and NASA’s Jet Propulsion Laboratory (JPL).

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About Built In’s Best Places To Work

Built In’s esteemed Best Places to Work Awards, now in its fourth year, honor companies across numerous categories: 100 Best Places to Work, 50 Best Small Places to Work, 100 Best Midsize Places to Work, 50 Companies with the Best Benefits and 50 Best Paying Companies, 100 Best Large Companies to Work For, and 100 Best Remote-First Places to Work. 

Machine learning is a branch of artificial intelligence and computer science that uses data and algorithms to imitate the way that humans learn. The “learning” aspect of machine learning refers to the system’s ability to improve its accuracy and knowledge set over time based on experience.

Machine learning has a lot of practical applications, but one of the most powerful ways this technology is being used today is in big data analytics.

Applying machine learning algorithms to generating, aggregating, and analyzing large and complex datasets provides several key benefits, including:

  • Improving process efficiency
  • Reducing need for human intervention
  • Scaling for big data applications
  • Performance monitoring for sensors in remote, hazardous, or unmanned locations

 

How Machine Learning Is Currently Being Used in the Energy Sector

Data analytics in general, and machine learning specifically, is proving to be a valuable asset in the growth and management of the energy sector. 

With a widespread shortage of skilled labor, increased connectivity and reliance on smart technology, and a push for more sustainable and cost-effective energy sources, machine learning will play an integral role in shaping the future of the energy industry.

Here are seven ways the energy sector is harnessing the power of machine learning as part of a data analytics strategy to drive performance improvements and increase ROI:

Predictive Maintenance

Machine learning makes predictive maintenance possible by analyzing historical data and real-time data across multiple sources to predict which systems and parts are likely to fail and when. Creating AI-driven predictive models to monitor the condition of equipment allows maintenance teams to proactively schedule repairs and replacement of vulnerable components and systems.  

By addressing potential problems before they occur, predictive maintenance helps reduce the number of failures and breakdowns, which increases system availability, cost savings, and customer satisfaction. 

 

Grid Management

One of the big challenges of managing power grids is that power generation and power demand need to be equivalent at all times. Otherwise, utilities risk blackouts from insufficient energy on one end and wasted capacity on the other. Machine learning can help maintain balance and increase resilience, especially for renewable energy grids. 

For example, machine learning algorithms can identify changes in usage patterns, which allows utilities to quickly redirect stored energy to areas where it is needed most while decreasing load in regions with lower demand. 

 

Demand and Load Forecasting

Machine learning algorithms make it possible to analyze a variety of influencing factors from disparate sources, such as historical demand, temperature, time, wind speed, weather patterns, and day of the week. 

With the ability to compare analytics from many sources and weather models, utilities can make more accurate predictions about future load and demand requirements, which reduces the amount of capacity they have to hold in reserve “just in case.”

 

Reduced Energy Consumption

Smart metering, a technology that uses machine learning to track energy usage patterns over time, is an effective way to reduce the amount of wasted energy and save money. Machine learning algorithms can analyze data down to the device level and identify which business systems, appliances, and even recurring activities consume the most energy so steps can be taken to improve efficiency and reduce waste.

The Future of Machine Learning in the Energy Sector

The energy sector is at a crossroads, with reliance on fossil fuels slowly giving way to increased usage of renewable energy sources. As this transition plays out, artificial intelligence and machine learning technology will play an integral role in several key use cases.

 

Reliable Renewable Energy Forecasts

Machine learning algorithms can accurately predict the amount of electricity a wind turbine or other renewable energy source can generate during a given time period. This knowledge makes it possible for utilities to forecast supply versus demand with a high level of confidence.

 

Drone/Image-Based Damage Detection

Drones are revolutionizing how utilities monitor and detect damage to transmission and distribution infrastructure in remote or dangerous regions. However, the increased volume of images generated by drone-based detection makes non-AI-augmented review cost- and resource-prohibitive.

Machine Learning Is Powering Growth and Sustainability in the Energy Sector

The energy sector is in transition, and machine learning is helping organizations streamline the process. Smart technology, including sensors and IoT devices, are ushering in the big data era, and generating plants, utilities, and renewable energy providers are harnessing the power of AI to make that data usable.