Environmental, social, and governance (ESG) goals and disclosures continue to move up boardroom agendas across the business world, accelerated by the need to address the climate crisis and increased influence from policymakers, customers, and investors for sustainable and equitable action. For the power and utility sector, such pressures are supercharging decarbonization efforts and upending business as usual — and the complexity of meeting expectations from various stakeholders is set to grow.
Today, as the electric power sector continues modernizing the grid, companies envision how 5G communication technologies and the cloud can help them harness the power of the growing wave of connected devices and data. That being said, 5G is set to enable utilities companies to move data from smart meters, sensors, and other devices to the cloud, where they can more effectively and efficiently analyze and act on it.
Artificial intelligence (AI), especially, is already helping utilities companies to provide more sustainable water resources management. Within AI, machine learning (ML) is showing huge potential in the industry. It is improving the accuracy of the results, calculated at high computational speed, thanks to the infrastructure that underpins the technology. Thus, utilities can make better decisions because they have real-time information about what is happening in the infrastructure. Other subsets of AI are also being applied to water, including voice and vision recognition systems, expert systems, natural language processing (NLP), and robots.
At this juncture, there are variety of utilities asset management solution providers that are entering the market to cater to the different needs in the utilities asset management domain. To help them choose the solution that best fits their requirement, Utilities Tech Outlook has compiled a list of utilities asset management solution providers. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you Utilities Tech Outlook’s “Top 10 Utilities Asset Management Solutions Providers – 2022.”