Digitalization and Geospatial Innovation: Enabling the Energy Industry to Seize Digital Transformations for a Low-Carbon Future
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- Dec 2, 2020 5:08 pm GMTNov 30, 2020 2:15 am GMT
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This item is part of the Special Issue - 2020-12 - Data Analytics & Intelligence, click here for more
Today, utilities are using technology to maximize potential with existing infrastructure and operations. The industry is taking great strides to digitally record assets with high spatial accuracy in three dimensions, using sensors and monitoring devices to provide real-time feedback and analytics, and gaining efficiency in operations.
Energy utilities are also advancing capabilities to analyze data, use it to predict what might happen, and make decisions based on that information, allowing for more agility and scalability as energy systems and consumer expectations change. Things like advanced sensors and edge processing, automated field data collection, AI-based simulations, and new real-time visualization tools – building a digital twin – all can help prepare companies for better decision-making capabilities, and will create significant opportunity for a more optimized and efficient energy industry as a whole.