Published By: GE Power
Published Date: Jan 30, 2017
Be the first to read the 2017 top digital trend predictions for the (remove second the) the power and utility industry, and gain a competitive edge by understanding what’s next. Across the Electricity Value Network (EVN) - from generation through T&D and end user management, first movers and proactive digital adopters are far more likely to thrive in the future.
Read the new Brief and learn how:
Making predictions is a risky activity. Making predictions in the utility industry can be perilous. History is filled with missed or prematurely exuberant pronouncements of the future of utilities and energy. For example, in the late 20th century, many predicted that the world’s oil supply had reached peak production and would become scarce. Instead, shale gas and oil are in abundance. In the 1990s, people predicted that fuel cells and hydrogen would dominate the landscape by 2010, another illustration that predictions can fail to reach their promise.
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Making predictions in the utility industry can be perilous. History is filled with missed or prematurely exuberant pronouncements of the
future of utilities and energy. Notwithstanding the peril, some clear utility trends are emerging on the horizon. Learn how today!
Design, Operate, Maintain (DOM) - key concepts in asset management and maintenance, repair and operation. Utility facility designers and those who operate and maintain those facilities need to work together closely to improve plant efficiency and business profitability over time.
Machine learning and the Internet of Things (IoT) are two of the hottest terms out there today for utilities. Both have the power to create an increasingly autonomous grid that can eventually handle billions of endpoints on utility networks, but the industry may not be maximizing the benefit of these disruptive innovations, nor adequately leveraging the connection between the two of them.