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IoT in the Energy Sector, Impossible to Govern Without AI?
Like so many other business categories, the energy industry is moving from more mechanical methods to digitally enhanced operations, whether to accelerate the creation and consumption of renewable energy sources, or to streamline more traditional electric, oil and gas production, storage and distribution. Renewables are becoming a significant portion of the world’s energy production, with the introduction of positively disruptive new technologies spurring advancements which are making the energy grid more productive, safer and reliable. New energy storage technologies are emerging, and all of this innovation is changing the way business models are developed and rolled out as new competitors enter the market following deregulation – while new regulations are being legislated to improve energy security around the world. But there is no more impactful movement than the use of the public Internet, as well as public/private/multinetwork hybrids, and applications in the Industrial IoT (IIoT) as new solutions including advanced predictive maintenance, optimized generation, cost-efficient storage, energy exchanges to help manage peak demands, and “everything as a service.”
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