IoT IN DIGITAL UTILITIES

Digital transformation is at the forefront of the utility industry. Renewables, distributed generation and smart grids demand new capabilities and are triggering new business models and regulatory frameworks. Data collection and exchange are growing exponentially, creating digital threats but also valuable opportunities. Customer engagement is shifting to online channels Internet of Things (loT) promises new product and management options both for utilities and customer. Entrants from the digital economy are disrupting the industrial landscape, while governments and regulatory bodies seek to encourage smarter measuring systems and greener standards for generation, distribution and consumption.

The utilities of the future will adapt to digital systems. Today’s utilities will implement digital transformation to their organization and business ecosystem, improving efficiency and expanding customer base. As the transformation builds momentum, it will open deeper digital opportunities across a wide field along the power industry value chain, from generation to customer relationship management.

It is compelling to regard loT as a world of silicon and signals, sensors and circuits; transmitting once-obscure data to the modern databases and interfaces of our connected world. Indeed, without these technologies, loT would not be the multi-billion device industry it is today. However, as the end-users of IoT shift from early-adopters to mass market and as hardware and connectivity become commodity assets, the value of IoT will shift.

This shift in the accessibility of technology and data has given birth to the concept of a digital twin. A digital twin is a virtual representation of a physical device that allows us to gain greater insight by combining both measured physical parameters and other digital information about the asset. This combination of physical and virtual information enables a range of new insights about an asset, including those performances, health and predictive insights about what may happen in the future. The concept of a digital twin moves manufacturers and operators closer to the ultimate goal of selling outcomes instead of products.Greenstar Technologies SurgeCloud digital utilities IoT platform enables utilities to partner with large OEM manufacturers to enable Utility Infrastructure as a Service (UlaaS). UlaaS providers who are strategic utility infrastructure manufacturers provide critical infrastructures on policy-based services delivery models and is responsible for building, owning, operating and maintaining the infrastructure equipment it provides for a client utility. Clients pay on consumption or utility service basis, thus transforming the CAPEX based business model into a digital service-based model.

Greenstar Technologies SurgeCloud digital utilities IoT platform enables the concept of a digital twin and how it can transform an loT solution from connected data to a valuable view of a meaningful asset. This is enabled through leading-edge developments in loT cloud platforms, software development methodologies and practices and the integration of data and information ecosystems that derive new asset knowledge.

The convergence of smart connected devices and cloud computing is unleashing an age of any time, anywhere connectivity that is fostering entirely new modes of customer interaction and service delivery. However, to realize the full potential of loT opportunity, customers will need new tools and technologies. The existing tools that support the development of smart systems are not providing the full measure of value. We are quickly approaching analogous circumstances with the proliferation of smart connected devices. Each new device requires huge customization and maintenance just to perform basic tasks.