According to recent research, scaling intelligent automation could save the Energy & Utilities industry between $237 billion and $813 billion in operational costs. Despite this immense potential, utility providers still grapple with intense competition, increasingly stringent regulations, and aging infrastructure and workforce challenges. The demand for more affordable and cleaner [...]
According to the U.S. Energy Information Administration (EIA), world energy consumption is forecasted to surge by almost 50% by 2050. This prediction underscores the urgent need for a concerted global push towards smarter, more efficient energy grids and resource management. According to the International Energy Agency (IEA), the global Internet of [...]
30% of Critical Infrastructure Organizations Will Experience a Security Breach by 2025 – Gartner Gartner’s insight underscores the critical need for organizations to reassess their cybersecurity approaches and learn from past disasters, such as the Colonial Pipeline security incident. This highlights the importance of increased vigilance and readiness within the [...]
Companies in the energy and utility industries were among the first to implement process automation. Many companies have already automated a large portion of their task scheduling, billing, and account management processes. The emphasis on separate or segregated processes is fundamentally shifting. Cross-process automation is now being discovered by really [...]
Nokia has partnered with the State Grid Corporation of China for data transmission to allow SGCC to expand network coverage to more power stations and business offices, while also increasing capacity and flexibility. Data has always been a critical component of E&U’s operational processes. However, with the introduction of new [...]
The exponential pace of technological advancements is not a news. Everyone is talking about digital disruption and trying to evolve and accommodate as per the latest technology trends. For some organizations, digital is an upgrade, while for others, it is total upheaval and mayhem. We are hearing about contactless payment technology [...]
Many of the world-changing solutions in use today were ridiculed at the time of their invention. Edison was mocked for creating the light bulb, which was called an absolute ‘ignis fatuus’ at that time and unworthy of the attention from a scientific or practical man. There was also a [...]
The rapid advancements in the tech world are raising the need for highly-efficient, continuous, and reliable energy sources. Meeting these demands and powering an organization’s energy requirements with natural resources may have seemed too far-fetched in the past, but not anymore. Industry 4.0 has also affected the Global Energy [...]
According to MarketsAndMarkets, ‘The energy and utility analytics market is estimated to grow from USD 1.81 Billion in 2016 to USD 3.41 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 13.5%.’ The Energy and Utilities sector has been going through its own set of challenges over [...]
Renewable energy techs and companies (RenTechs) is an upcoming and gradually trending phenomenon that is taking on the Energy and Utilities sector. It is slowly and steadily creating an impact in the energy sector. As a response to cost hassles, a step towards managing climate change, or an attempt [...]
