Cost Reduction Strategies for Utilities Part 2: Technology Adoption by Ahsan Upal

By Rufran C Frago posted 05-17-2019 12:17 PM

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In the early 1900’s when electricity was being distributed to the houses. Utilities were considered technology companies because they were laying the foundation of the modern life and there was a strong demand for electricity service to be able to bring light and connect time saving tools and appliances at home with perhaps the same longing eyes as there is today with the latest smart devices.

Somewhere along the way utilities lost their cool and instead of being innovators utilities became known as bureaucratic and boring. It doesn’t, however, need to be this way into our future. With technologies such as artificial intelligence, data analytics, remote sensors, automation and drones there is a real opportunity for the utilities to embrace technology and automate repeat tasks, routine designs, inspection and maintenance activities and predict when and where the next outage is likely to occur.

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