The Unfulfilled Promise of Connected Devices

Posted by Steve Hassell on Feb 12, 2020 11:52:37 AM

 

Much has been written about the growth of connected devices. A 2019 IDC IoT and data forecast predicts 41.6B connected IoT devices will produce 79.4 zettabytes (which is 79.4 billion terabytes) of data in 2025 and most of that growth is coming from the automotive and industrial industries. That data combined with computing power well over one trillion times greater than what was available in the 1950s means the days of managing factories with people, paper and clipboards will soon be over – right? Unfortunately, that doesn’t seem to be the case.

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Topics: Digital Transformation, Machinery

Motivators for IoT Adoption in Utilities

Posted by Rebecca Skubish on Dec 10, 2019 12:55:43 PM

Much has been written about why utilities have been slower to adopt new technologies but there are good reasons utility leadership has employed a measured and reliable pace of new IoT project implementation and IoT adoption. Regulatory pressures to keep rates low, unproven technologies, staffing shortages and the costs to implement wide-scale projects have all contributed to slower adoption rates across the industry. However, the utility industry is poised to increase IoT adoption by 20% by 2025 - and these investments are now able to be quantified and thoroughly vetted to ensure a positive return for utilities undertaking these projects. This post explores the top motivators driving the growth of IoT adoption in utilities.

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Topics: IoT, Utilities, Digital Transformation

Digital Transformation, the IoT and the Utility Worker Experience

Posted by Rebecca Skubish on Nov 7, 2019 10:17:28 AM

As discussed in our earlier post, A Smarter Approach to Digital Transformation in the Utility Industry, the utility industry is falling behind other industries when it comes to digitization. This affects day-to-day operations on multiple levels, including personnel. In this post, we’ll walk through a few of these opportunities and provide a few strategies to help utilities consider different ways to make incremental forward progress in their own transformation process. 

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Topics: IoT, Utilities, Digital Transformation

A Smarter Approach to Digital Transformation in the Utility Industry

Posted by Steve Hassell on Jul 1, 2019 3:33:51 PM

The utility industry is in a state of upheaval. With demand for electricity falling after 100+ years of steady growth, companies are in the hot seat about how to cover grid costs and deliver returns for shareholders. Digital transformation looks to be the path forward. In fact, 70% of utility executives say their companies need to become digital leaders in order to succeed in the current climate.

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Topics: IoT, Distributed Intelligence, Utilities, Digital Transformation

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