Enhancing Utility Business with Data Analytics, Blockchain, and Artificial Intelligence
- Dec 9, 2021 4:22 pm GMT
This item is part of the Data Analytics & Intelligence - December 2021 SPECIAL ISSUE, click here for more
Big changes are impacting the energy business. We need to rapidly transition away from carbon-intensive fossil fuels to renewables before climate catastrophe gets worse than it already is. Unfortunately, society is limited not necessarily by technology but by existing systems. Large power generation facilities, linked by an extensive grid all over the country, are the opposite of flexible microgrids using advanced data technology to supply energy to smart appliances.
In modern "western" societies, we have already sunk a considerable amount of capital into existing systems, so we need to make those more agile: we can't knock them down and start again. Many developing countries, which never had the chance to create these structures (and often have the blessing of plenty of solar power capacity), can leapfrog old technology to their benefit.
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