Technology and the internet is bringing fundamental shifts in the way we think about, generate and consume electricity. Energy organizations today are devising aggressive digitization goals and are tapping every opportunity to improve generation and distribution with data analytics.
Smart homes driving higher awareness to consume electricity judiciously and sustainably.
Example: Smart appliances can now talk to consumer’s mobile phone, indicate consumption patterns, suggest ways to use electricity responsibly and also project impact on sustainability if the trend continues.
More local approach to serving energy will disrupt the current distribution systems. Smart local communities will be equipped with digital tools and intelligence to manage supply.
Example: With real-time data, analytics and ongoing actions to optimize consumption will enable smart communities to control supply locally.
Improved power generation (from natural sources of energy) with IoT informed operations, minimizing downtimes and losses.
Example: Energy farms – wind and solar farms could have smart machines, which stream data to the cloud and in case of a risk, threat or concern, technicians are informed to act on time.
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