The utility industry is entering a new chapter, with the active introduction of smart devices and the use of IoT for monitoring, automation, and analysis purposes. There is a noticeable shift in the way utility providers are positioning their solutions, making them more customer-centric and easy to use. With The added emphasis on asset lifecycle management, utility providers are actively able to cut their costs and streamline their business, while also reducing downtime.
The advancement in technology needs new investment to upgrade the already existing power grid infrastructure. Many businesses are adopting Distributed Energy Resources (DER) to reduce their spending and have the ability to sell power back to the grid. Utility companies are moving beyond the commodity-based model, where the primary goal was cost-effective supply acquisition. As the utilities industry continues to modernize, DER solutions can help in the transition to smarter grid facilities. The adoption of next-generation smart meters allows for greater utility management for both provider and customer. Providing real-time utility usage, it will be ideal for other utility industries like gas and water. In the water utility space, global irrigation is going through significant changes. With utility providers facing challenges due to scarcity, climate change, and increased crop production, smart irrigation systems are the way forward. By managing the irrigation process through sensors, businesses can increase yield rates while at the same time reducing their water consumption. Providers are also offering remote monitoring and control solutions for renewable resource, which allows for real-time visibility into plant performance, maintenance, and production requirements.
This edition of APAC CIO Outlook brings you the "Top 10 Utilities Technology Solution Providers - 2017." This list gives you some of the most prominent organizations in the industry. The proposed list envisions assisting companies to gain from the services of the right Utilities Technology Solution Providers who suit their specific requirements and help them enhance their expertise.
