Traditional Utilities Transforming into Digital Utilities with Innovative Technologies
By Utilities Tech Outlook | Tuesday, May 07, 2019
The utility industry is rapidly becoming very diverse and fast moving. A regulatory landscape, rising operational efficiency and customer demands, and digitalization's appealing economics together create a compelling situation for integrating new technologies into the utility business. Technological advances enable utilities to connect their networks digitally, evaluate operations effectively, and access previously siloed field information.
The case in point is Esri's Utility Network, which was intended to give significance in digital twins to all the connected points and lines. The program determines the wireless devices in each network and the commodities these devices provide, so the solution has sole rights to all in one place to logical information, tracking abilities and operational situations. The Utility Network also includes an improved topological engine that enables approaches to analyze networks in distinct ways. Specialized functions can communicate and locate meters rationally connected to a transformer, such as implicit associations. Conventional networks notify and evaluate operations at a level that old procedures cannot achieve with an intimate understanding of the components inside the architecture. Using the utility network leaves the door open to additional value layers that compound their digital abilities as a company.
Data centralization also increases operational consciousness. Utilizing innovative solutions, utilities can quickly locate outages to reduce their duration and prioritize crew tasks to speed up response times. Automatic reporting of failure and reliability allows businesses to address customer requests for improved response. In the blink of an eye, however, digital transformation cannot be completed. It takes time and change management to upgrade systems, train employees for modern technology and transform business processes whereas utilities are making the transition, they are likely to be in the middle ground, acclimatizing to digital work and maintaining physical records for certain operations.
Grid modernization projects increase data fidelity, mandate more detail, and drive digital customer engagement through energy efficiency campaigns. Most utility consumers would now like to digitally send and receive all communications with the company, and utilities are looking for fresh ways to reach with their online clients.
New networks can also unlock the door to a data model of hi-fidelity, but their ability does not mean that they get the data to support it. Most amenities use the current paper-laden system as a major barrier to the realization of a high-fidelity network. Utilities, therefore, require applications capable of creating and sending high-fidelity data to their network.
Highly developed technology helps a "Digital Utility" address switching business models and processes, heading forward to encourage and design a next-generation digital strategy.