“Smart Utility” – Just a concept? or Need of the Hour!
- Jan 29, 2019 12:39 pm GMT
This item is part of the Predictions & Trends for 2019 SPECIAL ISSUE, click here for more
The advancement of technology and innovations, the changing environment of market operations, global competition and more profit-oriented approach are triggering the needs of adopting new concepts and strategies almost in all sectors. Concepts and technologies like Blockchain, Iot, Big data, Smart Cities, Smart Grid, Smart Buildings and many more are impacting the infrastructure sector significantly these days. Many of these are still in the conceptual phase and few are in implementation phase worldwide but many are still taken as optional where business entities are moving cautiously while adopting new approaches. with lots of changes and incorporating new emerging technologies and solutions. But despite all, the need to be more productive, cost-effective, efficient and be profit-oriented is the basic driver to run any business entity whether it is a public service entity or investor-owned unit.
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