Technological advancements continue to grow its importance in all industries, and the utilities industry is no exception. Technologies such as big data, predictive analysis, cloud computing, artificial intelligence (AI), blockchain, and the internet of things (IoT) have been key contributors in enhancing the capabilities of the offerings in the sector in recent years. On that front, the utilities sector has also witnessed a considerable shift toward the development and deployment of customer-centric and user-friendly solutions. Leveraging these cutting-edge technologies, utilities companies can improve their customer service operations and explore new business models to wade through the existing crisis and thrive in the post-COVID era.
As distributed generation and storage technologies gain traction, the grid is moving from unidirectional distribution toward multi-directional networking with millions of buyers and sellers. The pilot technologies in this transition include blockchain, IoT, and AI. While blockchain can secure financial transactions, IoT can monitor the grid, and AI, together with big data, can forecast supply and demand. Through integrating and leveraging these technologies, the utilities sector is set for a pivotal transformation.
In particular, the grid of the future will increasingly rely on AI. For instance, AI can ease the transition to renewable energy, prevent power outages with predictive analysis, develop customer-centric models, and reduce wastage. Predictive analysis also would enable utilities companies to make smarter investments and manage their resources better.
The utilities companies that have a thoughtful and systematic approach on how to address these technological trends will be the ones who best ride out this wave of disruption.At this juncture, there are a variety ofutilities tech solution providers available in the market that cater to the different needs of the utilities companies. To help them choose the solution that best fits their requirement, CIO Applicationshas compiled the list of the top 10 utilities tech solution providers. The enlistedsolution providers are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you CIO Applications’, “Top 10 Utilities Tech Solution Providers – 2020.”