Published on 05/30/2017 | Strategy
The drive for more ef cient production, management, and distribution of energy, as well as for wider adoption of renewable energy sources, is crucial, not only to the future of the energy industry, but to the future of the planet. But hindering progress on both fronts are legacy systems that lack automation and centralized coordination, and the inability of power providers to effectively leverage the data generated by their energy assets.
The Internet of Things (IoT) has the potential to revolutionize and reshape the industry. By centralizing and automating control of power generation and distribution systems using intelligent, interconnected devices, energy providers and utility operators stand to realize enormous ef ciency gains that could translate to billions in savings annually. Moreover, the ability to aggregate, synthesize, and analyze real-time data from these devices will empower operators to make smarter decisions and take action in a more timely manner.
This paper examines some of the key challenges confronting energy producers today and the potential to meet them with IoT solutions. It also explores how one company, Texas-based Group NIRE, is implementing IoT solutions to master today’s challenges while creating new business opportunities—and, in doing so, leading the way for the future of the industry.
You can read and download the full report on Wind River here