Organizations are looking at how AI and IoT can reduce cost, drive efficiencies, and enhance competitive advantage and support emerging business models. The industry has, in the past, pursued a siloed approach to applications and technologies. As ubiquitous connectivity continues to permeate technology sectors, an increasing need to unite energy technologies, operational technologies and IT with consumer technologies is observed in the industry. Here are few examples of how Utilities Industry can benefit from top technology trends:
Machines replaced operators, manual labor, now they are coming after many more professions. Technology aids at removing obstacles and difficulties from our lives, and so we must face these challenges. Every profession will have to feel these pressures or else it will mean we are not improving, innovating or trying to transform. Since we have no choice we cannot slow down. In fact, we have to speed up and think what else machines can do, because to be successful we have to be faster, effective and efficient than earlier. We have to understand, unskill, unlearn, unsettle, innovate traditional ways of thinking.
While IoT has many advantages, enterprises need to overcome some important problems in cloud computing to fully gain from these potential advantages. It’s a known fact that IoT and the cloud are impossible to separate—but only about a third of the data collected by the growing army of sensors is analyzed at source. While IoT has many advantages, enterprises need to overcome some important problems in cloud computing to fully gain from these potential advantages. Fog computing facilitates the operations of computing, storage, and networking services between end devices and cloud computing data centers.