A method is to include implementing at least one statistical prediction model to predict memory power utilization and reduce power consumption for a computing platform. The implementation includes determining a configuration parameter for the computing platform, monitoring an operating parameter for the computing platform and predicting memory power utilization for the computing platform based on the determined configuration parameter and the monitored operating parameter. The method is to also include transitioning at least one memory module resident on the computing platform to one of a plurality of power states based at least in part on memory power utilization predicted via the implementation of the at least one statistical prediction model.