| | MAY - 20186Copyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.MAY - 15 - 2018ASSET MANAGEMENT SPECIALPhone:510.230.0395, Fax:510-894-8405 MAY - 15 - 2018, Vol 01 SE 01 - Published by ValleyMedia, Inc. To subscribe to Utilities Tech OutlookVisit www.utilitiestechoutlook.com Editorial StaffSalesAaron Pierce Chithra VijayakumarSarah Fernandes Ava GarciaJoshua ParkerVian IsaacRichard Watsonrichard@utilitiestechoutlook.comT: 510 230 0395VisualizersJeevan JyothiManaging EditorOlivia SmithEDITOR'S DESKAsset management today spans the systematic process of developing, operating, maintaining, upgrading, and disposing of assets cost-effectively. With increasing demand for the services, utility companies are facing a plethora of challenges pertaining to managing their assets. Staying ahead of the complex regulatory, business, and technology changes in the industry whilst keeping operations smooth, and costs under control is no easy task, especially in the utilities space. As the vertical expands, scope for innovation widens in tune with client requirements, which are in turn dictated by the consumers. Increasing investments in grid modernization, aging infrastructure, need for energy efficiency, and reliable power are among the major drivers of the asset management market. The utility asset management market is expected to reach a valuation of USD 4.09 Billion by 2022 with North America leading the market for utility asset management systems. Over the years, the asset management strategies for utilities have evolved through a path of perpetual maturity. From following traditional best practices, companies began to combine asset management to smart grid investments, leverage sensors to control and optimize grid-edge assets, and enable real-time asset management integrated resource planning. The space is witnessing a convergence of major technologies such as analytics and visualization, sensor detections, load and storage management and AMI technology to name a few.In this scenario, coming up with this edition has been a dive into exploring a number of innovative service providers, changing trends, needs of the hour and a glimpse into how the future of asset management in the utilities sector would turn out to be. We hope the valuable insights from industry thought-leaders and the innovative solutions from leading as well as emerging companies featured in this edition will help you in making informed decisions for your institution. Olivia Smith Managing Editoreditor@utilitiestechooutlook.comAsset Management: An Evolution Defined by Technology Convergence*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffOlivia Smith
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