IoT in Utilities: A look at Future Applications

LISA KOSAN | August 20, 2019

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You expect the television to turn on, clean water to gush from your tap and your furnace to kick in if the temperatures dip. Those unceasing demands for reliable service, however, could be holding the utilities industry back from innovating for the future, analyst said. “Keeping the power flowing isn’t a trivial responsibility,” said Neil Strother, principal research analyst with Navigant. “Utilities are not geared to the speed of a startup or Silicon Valley. They’ve made a commitment to keep millions of lights on.” Matt Schnugg, senior director of data and analytics, ML/AI at GE Power Digital, agreed, adding that conservative investment policies and unwieldy governance structures can also hinder innovation. As a result, utilities “may not have evolved as quickly as the technology has innovated or the business model has evolved,” he said.

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