The Digital Transformation of the Energy Industry. Beyond the energy sector "Digital Transformation", "Industry … Renewables, distributed generation, and smart grids demand new capabilities and are triggering new business models and regulatory frameworks. Whether it's in a traditional corporation, or startup, organisations that will thrive will be led by … In order to construct solutions that are usable off the shelf and delivered within the usual run of operations for a utility, data would be infused with domain-specific information rather than curated in a platform. From our experience, unlocking value and creating organizational momentum often begins with enabling cross-functional teams in accessing information and facilitating collaboration. Transforming the status quo and achieving real value. The changing landscape of the power and utilities industry is resulting in new expectations for IT and shifting imperatives for the Chief Information Officer as well as other C-levels across the business. The amount of IoT devices, both in power generation units, in the grid, and the volume of data that needs to be collected, managed, analyzed, and converted into action, have increased significantly. While it's difficult to predict where innovation will occur precisely, there are a few main patterns that are likely to gain ground as people head into the early 2020s. Digital forces are changing the skills an executive needs to … Peter Peters, Partner addresses how power and utility clients can bring digital transformation … As they steer through the fast-evolving environment, oil and gas companies are continuing their digital transformation journeys with a view to drive growth, productivity, efficiency, and safety across their … The pace and effect of this 'Energy Transformation' has surprised many. AWS for Industries Innovation acceleration: Digital transformation is key to energy industry survival Download a Free Copy It’s not news that the global energy sector is facing its biggest … Nowadays, the demand for remote activities and … In mining, oil and gas industries, Internet of Things solutions incorporate machines and data analysis to achieve the … While some aim for autonomy, some pragmatically focus on remote operations and cost-efficiency. Blogposts. Digital Transformation Services for The Energy & Utilities Industry Organizations in the Energy and Utilities industry face document challenges in a broad range of functions. One of the main drivers here is digital transformation of energy sector operations. To … And one that starts with the fundamentals: How we work together. This is a journey, but if approached correctly, operators can achieve substantial progress and drive transformation. The solar industry is no different. It will help to efficiently predict the grid's sensitive areas until an event occurs. By clicking any link on this page you are giving your consent for us to set cookies. Transforming the power and utilities IT organization Digital transformation is something that has become a common trend, and it is one that has reached the Power & Utilities sector moving rather quickly. Digital transformation in the energy industry. ... Home » eBooks » Driving Digital Transformation for the Energy Industry … Exploration, production, … Beyond the energy sector "Digital Transformation", "Industry 4.0" … The energy companies have also seen the effect sensors have had during weather activity, from finding gaps in the grid to sending feedback to utility companies. The objective of its entire transformation has been what was once an undervalued production of power operations. This discussion provides listeners an insight into the challenges, opportunities and key digital transformation considerations for companies in the utilities and energy … DreamTX - digital transformation and customer engagement on the menu at energy giant ENGIE Stuart Lauchlan Wed, 12/16/2020 - 02:59 Summary: Pizzas, symphonies and happy customers - ENGIE Belgium's CIO outlines the utility's transformation … IT Energy Apps Energy Industry As energy companies embrace digital transformation, IT professionals are tasked with the complex challenge of modernizing their companies’ operations. Publish date: Date icon December 17, 2020. More info, Copyright © 2020 energycioinsights.com All rights reserved. DreamTX - digital transformation and customer engagement on the menu at energy giant ENGIE Stuart Lauchlan Wed, 12/16/2020 - 02:59 Summary: Pizzas, symphonies and happy customers - ENGIE Belgium's CIO outlines the utility's transformation … Digitalization is an important instrument for the energy transition and an enabler of two key industry trends: decarbonization and decentralization, both critical to enabling the energy transition humanity … The energy industry remains subject to disruption. Read the latest research about data management's role in supporting digital transformation in the upstream industry. Resources. With our broad portfolio of technologies and solutions ranging from sensors and edge analytics to enterprise-scale Artificial Intelligence, … Digitalization is an important instrument for the energy transition and an enabler of two key industry trends: decarbonization and decentralization, both critical to enabling the energy transition humanity … Beyond creating a virtual replica of industrial facilities, Kognitwin Energy delivers a rich framework for advanced analytics, including a range of applications, like Kognitwin Unify – the exclusive data contextualization engine - and the Hybrid ML technology, that can be customised to meet the operator’s needs. However, if you would like to share the information in this article, you may use the link below: www.energycioinsights.com/news/how-digital-technologies-are-transforming-the-power-industry-nwid-1108.html, Izak Maitin, Director of Information Technology, Philadelphia Streets Department, Steven Little BSc. With this in mind, we would like to ask the energy industry community: are you ready to disrupt the old way of thinking and start creating value through more efficient solutions? Haavard Oestensen is Head of Growth in the Digital Energy team at Kongsberg Digital. OPINION: Energising the digital agenda – Transformation in times of COVID-19. Around the same time, developments in cloud computing have generated the reality of on-demand hyperscale. Kongsberg Digital has leveraged its position within dynamic production simulation to build Kognitwin® Energy, a dynamic digital twin that enable operators to achieve their overarching goals, from decreasing carbon footprint to optimising production and condition monitoring. Read our latest blog to know more. Digital transformation is a fundamental change for the energy industry, one that is enabling improved processes, increased productivity, and enhanced reliability and safety. 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