Utilities Tech Outlook Weekly Brief
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Today, the telecommunication and utility companies recognize their potential to enhance operational efficiency while saving money, improving reliability, and curtailing carbon emissions.
FREMONT, CA: To maintain a balance between generation’s real-time demand and utilities sector, especially with renewable and distributed energy is fierce. Presently, utility companies are adopting necessary measures to modernize their utility networks and implementing smart grids. Smart grids provide a completely functional system for power grids to enable efficient communication between the components of the different grid. Highlighting the fact that effective communication plays a vital role in the Smart Grid implementation, utility telecom planners are offering right telecommunication technologies and network architectures to the global market.
· Asset management
Asset lifetime management is one of the significant concerns of network operators. Modern data analytics systems use statistical analysis to give an accurate estimation of asset health by analyzing the factors of failure and measuring insights from historical data. The telecom providers ensure the proper planning and designing during the installation of the power transformer and deploying data analytical tools to solve problems of the transformer. The model features a statistical relationship between operating conditions of voltage, current and temperature, and signs of damage records by routine maintenance. The intelligent predictions about asset health can help to reduce the chances of prematurely retiring equipment or leaving an asset in service.
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· Improving Customer Experience
Utility and telecommunications industries can take advantages of data analytics to perform customer segmentation to a whole new level. Integrating the machine learning algorithms can use factors such as social media interaction, previous commercial transactions, and historical service to collect insights about customer. Valuable customer information helps to predict the demands and create a response with new offerings. Telecommunication’s unique ability to provide a targeted response to customers can prove a significant increase in the market’s communication levels.
· Improved Network Usage and Forgery Reduction
Applying the data analytics to the daily traffic in the network can intelligently adjust configurable network elements to free up capacity based on current or forecasted demand. The continuously growing demands for the bandwidth encourage many companies to adopt software-defined WAN. Undoubtedly, the technology relies on dynamic path selection and reduces cost and increases reliability. Smart correlation of service usage and external factors like weather patterns, public holidays, and big ports matches can be useful for dealing with the inherently unpredictable power flows caused by the renewable powers generation. The practical methods implemented in the network system detect fraud across the entire range of connected customers. Products like smart meters automatically access the usage patterns and alert in case of any suspicious activity.
· Optimized Network Planning
Advanced data analytics can boost reliable network planning decisions for large capital expenditure projects by automatically generating an in-depth forecast of KPIs impacts. The forecasting processes approach makes predictions based on numerous parameters. The historical data enables the telecommunication industry to design an effective algorithm and process power to reduce the uncertainty of long-term network planning.
Technologies have a lot to offer telecommunications and utility industries. Adopting innovative solutions and combining the benefits can provide controlled access to the broad range of business areas and set the stage for effective integration with data analytics applications.
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