Utilities Tech Outlook Weekly Brief
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Utility firms may enhance operations and maintenance by having continuous access to technical data and input choices that enable safe knowledge sharing and advanced data analytics.
Fremont, CA: Digital transformation is a well-known aspect that promotes operational efficiencies and the development of a new value chain. It's especially true for utilities attempting to decarbonize and decentralize their sources. As utilities' basic services become commodities, the firms must provide new, enhanced value to compete effectively in the services industry.
Digitalization assists many plants and infrastructure operators manage plant lifecycles, including ARO (asset retirement obligations) procedures, from design to dismantling. It also delivers many solutions to many working areas, such as safety, cooperation, job quality, and environmental effect. Let's take some of these topics.
Digitalization is indeed a game-changer in identifying threats and delivering excellent crisis management. New, user-friendly FSM (Field Service Management) tools ensure complete situation awareness with features including geolocation services, real-time notifications, assisted video-calling, authentic photo or video exchange, remote monitoring of vital signs, and assistance in the case of any emergency, and drone deployment in dangerous areas.
Digital technology also adds an essential layer of communication security. It prevents misunderstanding, mistakes, and incidents by serving as a "single source of truth" and a facilitator of integrity.
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In terms of collaboration, digitization offers a variety of tools enabling operators, business managers, specialists, customers, and communities, encouraging collaboration and information sharing through collaborative platforms. The technology offers solutions based on the sharing of insights and skills and the connection of individuals, and it dismantles silos and promotes more open information sharing.
Most utility firms go to the next stage of business intelligence: KPI monitoring, risk management, and dashboards, where data may be pooled and shown at various corporate levels (plant, fleet, or portfolio), improving the speed and quality of decision-making.
Utility firms may enhance operations and maintenance by having continuous access to technical data and input choices that enable safe knowledge sharing and advanced data analytics. As a result, they may generate actionable insights and enhance their operations.
