There are many smart devices, shrinking price & size of
sensors, advanced connectivity, e-commerce, and machine-to-machine (M2M)
communication that are creating new opportunities and business models in the
energy industry.
A strategic technology partner is needed that will help you
transform, modernise, and integrate existing solutions and at the same time
build new capabilities i.e., faster and cheaper. A company like Harman that has
end-to-end capabilities and services is ideally placed to address this gap and
deliver a smarter energy ecosystem.
What are
the factors driving innovation
Now let us talk about the factors that are driving innovation. If
you evolve customer expectations for greater control over the amount and timing
of the energy they use and expect differentiated services. The alternate energy
is seeing a rise in the form of solar and sustainable energy innovative and
pervasive digital Technologies that could provide high-performance computing at
lower costs New Business Models: Emergence of dynamic pricing, distributed
power generation, smart meter, etc. is making utilities rethink their role in
the value chain.
What are
the recent trends
Smart Grids: Transition from the one-way grid to the
decentralised, interconnected two-way system is underway. Distributed
Generation: In this, utilities are taking a direct role in supplying
distributed generation to their customers Energy Analytics - Analysis of smart
grid information requires advanced analytic solutions. Dynamic Pricing: Smart
grid adoption enable pricing to reflect the variable supply costs.
Challenges being faced currently
When talking about old infrastructure complexity it is at 605 of
electric grid assets that cannot support next-gen services regulations,
security and compliance are continually changing. Data integration with
business systems: Integrating data from connected devices from smart meters,
grids, and employees and into existing corporate business systems such as ERP,
CRM, BPM
Now let us talk about
connected energy as a service
What connected energy
does help a single cloud-based platform to unify Internet of Things-Smart
devices and systems, connectivity, data, and analytics and automation – to make
grids scalable and smart.
