When you look around the DistribuTECH show floor, there’s one area that you can see is clearly growing in the energy industry: the Internet of Things (IoT). Companies are offering IoT solutions for nearly every aspect of the power grid.
At the end of the day, that means situational awareness tools like sensors, analytics and cloud capability.
Many energy companies are collections of functional departments with disparate solutions not well adapted for integrated operations. A situational awareness solution focus outlines capabilities that enable clients to deliver a comprehensive, integrated view of operations (process, data and insight) that fosters optimal decision-making and enables end-to-end business transformation, giving them the capabilities they need to meet the complex requirements of balancing cost-cutting to survive today and investing to grow tomorrow. This all starts with an IoT strategy.
How much IoT investment are you seeing in your area? What’s your IoT strategy?