The Energy Utilities Series: Challenge 3 — Digitalization (Post 4 of 6)

In previous articles in this series, I examined the challenges facing energy utilities and how data and analytics can help to overcome them. In earlier posts, I discussed the challenges of decarbonization and electrification. In this post, I’m focusing on the challenges and opportunities posed by digitalization.

Energy utilities, like many other companies, are generating and using vast amounts of data, which in this case can come from smart meters as well as power generation and distribution equipment. Data types include weather data or market data for the energy traders. It can even come from the utilities’ customers. Harnessing the value of this data enables the utilities to gain such benefits as providing better customer service by operating generation capacity more efficiently. For this reason, digitalization transformation, through which companies can better harness the value of their data, is a strategic initiative for most energy utilities, especially in the face of competition from the more nimble ‘smart grid’ companies.

However, digitalization transformation is not without its challenges. In this blog post, I will cover some of these key challenges and explain how energy utilities can use a logical approach to data management to overcome them.

Read more in https://www.datavirtualizationblog.com. Originally published on December 1, 2023.